March 12, 2013, Introduced by Reps. Dianda, LaVoy, Ananich, Brinks, Singh, Smiley, Faris, Knezek, Greimel, Brunner, Hovey-Wright, Roberts, Banks, Brown, McCann, Townsend, Kosowski, Hobbs, Kandrevas, Tlaib, Driskell, Lamonte, Schor, Slavens, Lipton and Abed and referred to the Committee on Elections and Ethics.
A bill to amend 1976 PA 388, entitled
"Michigan campaign finance act,"
(MCL 169.201 to 169.282) by adding section 55f.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec. 55f. (1) A member of the board of directors of a
corporation or joint stock company who affirmatively consents to an
independent expenditure by the corporation or joint stock company
that violates this act is subject to a civil fine of not more than
$1,000.00 for each violation.
(2) A corporation or joint stock company shall annually notify
all members of the board of directors of the penalties they may be
subject to under this section.