H.R. 4729 · 111th Congress
To clarify the situations in which a corporation may be treated as a person under Federal law.
- Stage
- In committee
- Sponsor
- Linda Sánchez
- Introduced
- 2010-03-02
- Latest action
- 2010-06-15 · Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
Summary
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.