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Committee on AdministrationConstitution, Civil Rights, and Civil JusticeCommittee on the JudiciaryIntroducedMarch 2nd, 2010
- house Committees
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To clarify the situations in which a corporation may be treated as a person under Federal law.
Prohibits a corporation from being considered a person under federal law for any purpose, including voting, running for office, or donating funds to a political action candidate. Provides that a corporation shall be considered a person under federal law only for the purposes of: (1) exercising rights to due process; (2) participating in any manner of a civil action; (3) participating in a contract; (4) the right to own property; or (5) the ability to declare bankruptcy.