An Act Concerning The Effects Of The Federal "citizens United V. Federal Election Commission" Decision.
Impact
If enacted, HB 05735 would amend the general statutes governing corporate entities. The bill establishes a clear standard that would prohibit corporations from using their funds for communication designed to sway public opinion on electoral or policy matters. The intention behind this legislation is to bolster the integrity of the democratic process by reducing the influence of corporate money on elections, thereby aiming to uphold the principle of democratic equality among voters.
Summary
House Bill 05735 aims to address the implications of the Supreme Court's decision in 'Citizens United v. Federal Election Commission' by changing the requirements for corporate recognition in the state of Connecticut. Under this proposed legislation, corporations, including those established outside of Connecticut but operating within the state, would need to agree that they will not use any corporate funds to influence elections, referendums, or public policy decisions. This is a significant step towards limiting the political power that corporations may exert through financial contributions.
Contention
The discussion surrounding HB 05735 is likely to attract significant debate. Proponents argue that this bill is necessary to ensure that corporate influences do not overshadow the voices of individual voters. They see it as a corrective measure in light of the 'Citizens United' ruling, which many believe opens the door for excessive spending by corporations in politics. Critics of the bill, however, may contend that it could undermine the rights of corporations to participate in the political process, potentially impacting their ability to advocate for their interests and to contribute to public discourse.
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