Corporations and limited liability companies would be barred from election spending

Covered organizations would be barred from directly or indirectly spending money or anything of value to support or oppose candidates, political parties, political committees, or ballot questions. The ban would cover business corporations, nonprofit corporations, and limited liability companies. Genuine news reports, commentary, and editorials would be exempt unless the outlet is owned or controlled by a political party, political committee, or candidate.

Organizations that violate the ban would initially lose benefits granted through their legal business status. This consequence would apply to business corporations, nonprofit corporations, and limited liability companies that engage in the prohibited spending.

State officials would set rules for restoring lost benefits, and the attorney general could ask a court to enforce the ban. These rules would cover business corporations, nonprofit corporations, and limited liability companies that violate the ban. Restoration would require returning all gains from the violation, formally promising future compliance, and meeting any further conditions state officials set.