Bill Text: MI SB1366 | 2009-2010 | 95th Legislature | Introduced

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Bill Title: Campaign finance; violations; improper independent expenditures by a corporation; hold officers and shareholders liable in certain circumstances. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding sec. 55f. TIE BAR WITH: SB 1365'10

Spectrum: Partisan Bill (Democrat 7-0)

Status: (Introduced - Dead) 2010-06-02 - Referred To Committee On Campaign And Election Oversight [SB1366 Detail]

Download: Michigan-2009-SB1366-Introduced.html

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SENATE BILL No. 1366

 

 

June 2, 2010, Introduced by Senators OLSHOVE, SWITALSKI, ANDERSON, BRATER, HUNTER, CLARK-COLEMAN and PRUSI and referred to the Committee on Campaign and Election Oversight.

 

 

 

     A bill to amend 1976 PA 388, entitled

 

"Michigan campaign finance act,"

 

(MCL 169.201 to 169.282) by adding section 55f.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 55f. (1) An officer, a shareholder, or a member of a

 

corporation or joint stock company who affirmatively consents to an

 

independent expenditure by the corporation or joint stock company

 

that violates this act is subject to a civil fine of not more than

 

$1,000.00 for each violation.

 

     (2) A corporation or joint stock company shall annually notify

 

all officers, shareholders, and members of the penalties they may

 

be subject to under this section and section 55e.

 

     Enacting section 1. This amendatory act does not take effect

 

unless Senate Bill No. 1365                                   

 

          of the 95th Legislature is enacted into law.