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California "Corporate Political Accountability" Initiative (2012)
From Ballotpedia
| Not on Ballot |
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| This measure did not or will not appear on a ballot |
Its sponsors, however, did not submit any signatures to election officials by the deadline.
If the initiative had qualified for the ballot and been approved by the state's voters, it would have:
- Prohibited corporations and other business entities from making contributions or expenditures for political activities without shareholders' prior informed approval.
- Reduced the total amount of any contribution or expenditure approved by the percentage of shares not voted for approval.
- Defined political activities to include those related to candidates, ballot measures, issue advocacy, political parties, committees, voter registration, or any other political or legislative causes.
- Imposed criminal penalties for violations against persons spending, consenting to, or receiving prohibited contributions or expenditures.
- Required detailed reporting to shareholders.
Text of measure
Ballot title:
Official summary:
- "Prohibits corporations and other business entities from making contributions or expenditures for political activities without shareholders' prior informed approval. Reduces the total amount of any contribution or expenditure approved by the percentage of shares not voted for approval. Defines political activities to include those related to candidates, ballot measures, issue advocacy, political parties, committees, voter registration, or any other political or legislative causes. Imposes criminal penalties for violations against persons spending, consenting to, or receiving prohibited contributions or expenditures. Requires detailed reporting to shareholders."
Fiscal impact estimate:
- "Increased annual state enforcement costs of potentially several hundred thousand dollars, partially offset by increased fine revenues."
Path to the ballot
- See also: California signature requirements
- Thomas A. Willis submitted a letter requesting a ballot title on December 14, 2011.
- The ballot title and ballot summary were issued by the Attorney General of California's office on February 7, 2012.
- 504,760 valid signatures were required for qualification purposes.
- The 150-day circulation deadline for #11-0097 was July 6, 2012.
- No signatures were filed by the filing deadline.
External links
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