June 2, 2010, Introduced by Senators ANDERSON, SWITALSKI, BASHAM, WHITMER, BARCIA, CHERRY, BRATER, PRUSI, JACOBS, CLARK-COLEMAN and HUNTER and referred to the Committee on Campaign and Election Oversight.
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.