Relating to political expenditures by publicly traded corporations; prescribing an effective date.

Requires a publicly traded corporation that makes a political expenditure of more than $100 in a calendar year to first obtain approval for the political expenditure from shareholders by an affirmative vote of the majority of shares entitled to vote. Requires a corporation to disclose the amount, recipient and purpose of each political expenditure in excess of $100 in each calendar year. Requires the directors and officers of a publicly traded corporation to disclose a statement of economic interest that provides certain information with respect to the director's or officer's interest in the recipient of the political expenditure or in the candidate or expected change in policy for which the publicly traded corporation made the political expenditure.