LD 383 (subjects: ELECTIONS , CAMPAIGN FINANCE )
Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=383&PID=1456&snum=127
- Rep. Deane Rykerson of Kittery: (D – District 1) — e-mail | Twitter | Facebook
Rep. Peter Stuckey of Portland: (D – District 42) — e-mail
Rep. Ryan Tipping-Spitz of Orono: (D – District 123) — e-mail | Twitter | Facebook
Rep. Ralph Chapman of Brooksville: (D – District 133) — e-mail | Facebook
Rep. Walter Kumiega of Deer Isle: (D – District 134) — e-mail | Facebook
Rep. Stephen Stanley of Medway: (D – District 143) — e-mail
Sen. David Miramant of Knox: (D – District 12) — e-mail | Twitter | Facebook
Sen. Catherine Breen of Cumberland: (D – District 25) — e-mail | Facebook
|2/12/2015||Senate||Committee on VETERANS AND LEGAL AFFAIRS
suggested and ordered printed
On motion by Senator Cyrway of Kennebec REFERRED to the Committee on VETERANS AND LEGAL AFFAIRS
Ordered sent down forthwith for concurrence.
|2/12/2015||House||Bill REFERRED to the Committee on VETERANS AND LEGAL AFFAIRS.
In concurrence. ORDERED SENT FORTHWITH.
|3/12/2015||Senate||Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)|
An Act Requiring Corporations To Have Approval from a Majority of Their Shareholders before Making Political Contributions Valued at Greater Than $5,000
Sec. 1. 13-C MRSA 305 is enacted to read:
305. Political contributions
(1) A specific candidate or candidates;
(2) Candidates of a specific political party or parties;
(3) A specific political party or parties;
(4) A specific committee or committees;
(5) A specified entity or entities exempt from taxation under the United States Internal Revenue Code of 1986, Section 501(c)(4) or 501(c)(6) or successor provisions; or
(6) A specific ballot question or questions.
This bill requires a majority vote of shareholders in order for a Maine corporation to make a political contribution or expenditure of over $5,000 and requires that once the contribution or expenditure has been made the corporation send notice to its shareholders and post the notice on its website. This bill makes a director who makes a contribution in violation of these conditions personally liable to the corporation in the amount of the contribution or expenditure plus 6% interest per year.
Pattern of Cosponsorship by Region:
Pattern of Cosponsorship by Gender:
Pattern of Cosponsorship by Party:
Pattern of Cosponsorship by Campaign Finance Classification:
Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.
This information about LD 383 was last updated on 2016-05-12.
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