| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | General Assembly Proposed Bill No. 6102 | |
| 2 | 2 | January Session, 2015 LCO No. 1923 | |
| 3 | 3 | *01923* | |
| 4 | 4 | Referred to Committee on GOVERNMENT ADMINISTRATION AND ELECTIONS | |
| 5 | 5 | Introduced by: | |
| 6 | 6 | REP. HADDAD, 54th Dist. | |
| 7 | 7 | ||
| 8 | 8 | General Assembly | |
| 9 | 9 | ||
| 10 | 10 | Proposed Bill No. 6102 | |
| 11 | 11 | ||
| 12 | 12 | January Session, 2015 | |
| 13 | 13 | ||
| 14 | 14 | LCO No. 1923 | |
| 15 | 15 | ||
| 16 | 16 | *01923* | |
| 17 | 17 | ||
| 18 | 18 | Referred to Committee on GOVERNMENT ADMINISTRATION AND ELECTIONS | |
| 19 | 19 | ||
| 20 | 20 | Introduced by: | |
| 21 | 21 | ||
| 22 | 22 | REP. HADDAD, 54th Dist. | |
| 23 | 23 | ||
| 24 | 24 | AN ACT CONCERNING CERTAIN POLITICAL SPENDING BY BUSINESS ENTITIES. | |
| 25 | 25 | ||
| 26 | 26 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 27 | 27 | ||
| 28 | 28 | That chapter 155 of the general statutes be amended to require that any contribution or expenditure made by a political committee established by a business entity shall: (1) Only be made by majority vote of the shareholders of such business entity (A) authorizing such contribution or expenditure by management, and (B) expressing the political preferences of the shareholders; (2) be published, with the details of such contribution or expenditure, on the Internet web site of such business entity no later than forty-eight hours after such contribution or expenditure is made; (3) not be made if a majority of the shares of such business entity is controlled or owned by any institutional investor prohibited from taking political positions, including, but not limited to, a state or local government-funded pension, a mutual fund, an insurance company, a foundation, a church, or a university; (4) only be made if a shareholder has the right to request a pro rata rebate for that percentage of such shareholder's investment spent on any such contribution or expenditure that such shareholder opposes. | |
| 29 | 29 | ||
| 30 | 30 | Statement of Purpose: | |
| 31 | 31 | ||
| 32 | 32 | To protect shareholders' rights and mandate certain disclosures of political spending by business entities. |