May 18, 2010, Introduced by Reps. Haase, Byrnes, Geiss, Lisa Brown, Bledsoe, Terry Brown, Donigan, Valentine, Bauer, Robert Jones, Warren, Miller, Barnett, Scripps, Switalski, Lipton, Roberts, Liss and Meadows and referred to the Committee on Ethics and Elections.
A bill to amend 1976 PA 388, entitled
"Michigan campaign finance act,"
(MCL 169.201 to 169.282) by adding section 55d.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 55d. (1) A corporation or joint stock company shall not
make an independent expenditure if that corporation or joint stock
company is incorporated in a foreign country, is a subsidiary of a
corporation or joint stock company incorporated in a foreign
country, receives any financing from or is subsidized in any way by
a source in a foreign country, has a shareholder or individual
member who is not a United States citizen, or has a corporate
officer who is not a United States citizen.
(2) A person shall not make an independent expenditure using
money that the person has received from a corporation or joint
stock company prohibited from making an independent expenditure
under this act.