Rep. Linda Sanchez Bill Says Corporations Not People

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.

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