Fairness in Corporate Campaign Spending Act of 2010

Summary

Fairness in Corporate Campaign Spending Act of 2010 - Amends the Federal Election Campaign Act of 1971 to prohibit a corporation from making any independent expenditure or disbursing funds for any electioneering communication without obtaining the prior approval of a majority of its shareholders. Subjects officers and directors of a corporation to personal liability for civil money penalties for violating this prohibition. Exempts from this prohibition any corporation whose aggregate disbursements for electioneering communications during a year: (1) are less than $8,000, if the corporation has fewer than 100 full-time-equivalent (FTE) employees; or (2) are less than $20,000, if the corporation has more than 100 FTE employees. Declares that nothing in this Act shall affect political disbursements by a separate segregated fund established by a corporation.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 February 2010

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• Introduced in House (PDF)

  Introduced in House · EN · 22 February 2010

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• Introduced in House

  summary · EN · 22 February 2010

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