February 2, 2012, Introduced by Reps. Brunner, Byrum, Bledsoe, Segal, Olumba, Geiss, Tlaib, Hovey-Wright, Durhal, Stallworth, Nathan, Ananich, Lindberg, Kandrevas, Switalski, Rutledge, Bauer, Townsend, Liss, Barnett, Meadows, McCann, Irwin, Hammel, Howze and Brown and referred to the Committee on Redistricting and Elections.
A bill to amend 1976 PA 388, entitled
"Michigan campaign finance act,"
(MCL 169.201 to 169.282) by adding section 55d.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 55d. (1) A corporation or joint stock company shall not
make an independent expenditure if that corporation or joint stock
company meets any of the following conditions:
(a) Is incorporated in, organized under the laws of, or
created by the laws of a foreign country.
(b) Is a subsidiary, affiliate, division, or joint venture of
a corporation or joint stock company incorporated in, organized
under the laws of, or created by the laws of a foreign country.
(c) Has received, directly or indirectly, funds from any
source in a foreign country, except funds received as bona fide
payment for goods or services sold by the corporation or joint
stock company in a foreign country.
(d) A foreign national directly or indirectly owns or controls
20% or more of the voting shares of the corporation or joint stock
company.
(e) A majority of the members of the board of directors of the
corporation or joint stock company are foreign nationals.
(f) One or more foreign nationals have the power to direct,
dictate, or control the decision-making process of the corporation
or joint stock company with respect to its interests in the United
States.
(g) One or more foreign nationals have the power to direct,
dictate, or control the decision-making process of the corporation
or joint stock company with respect to activities in connection
with a federal, state, or local election, including the making of
an independent expenditure.
(2) A person shall not make an independent expenditure using
funds that the person has received from a corporation or joint
stock company prohibited from making an independent expenditure
under this act. This subsection does not apply to salary or
compensation a person receives from that person's employment with a
corporation or joint stock company.
(3) As used in this section, "foreign national" means any of
the following:
(a) An individual who is not a citizen of the United States.
(b) A government of a foreign country or of a political
subdivision of a foreign country.
(c) A person who is not an individual and who is not
incorporated in, organized under the laws of, or created by the
laws of the United States or its states and territories.
Enacting section 1. This amendatory act does not take effect
unless all of the following bills of the 96th Legislature are
enacted into law:
(a) Senate Bill No.____ or House Bill No.____ (request no.
01994'11).
(b) Senate Bill No.____ or House Bill No. 5348(request no.
01995'11).
(c) Senate Bill No.____ or House Bill No.____ (request no.
01997'11).
(d) Senate Bill No.____ or House Bill No. 5354(request no.
01998'11).