Posted on March 9, 2010 (June 22, 2020) Democracy Amendments Share: HR 4729 IH 111th CONGRESS 2d Session H. R. 4729 To clarify the situations in which a corporation may be treated as a person under Federal law. IN THE HOUSE OF REPRESENTATIVES March 2, 2010 Ms. LINDA T. SANCHEZ of California introduced the following bill; which was referred to the Committee on House Administration, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To clarify the situations in which a corporation may be treated as a person under Federal law. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. TREATMENT OF CORPORATION AS A PERSON. (a) In General- Except as provided in this section, a corporation shall not be considered a person under Federal law for any purpose, including voting, running for office, or donating funds to a political candidate. (b) Exclusive List of Laws Applicable to Corporations- 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.