AN ACT CONCERNING POLITICAL SPENDING AND STATE-GRANTED CORPORATE POWERS.

This bill restricts corporations from making political expenditures directly, requiring them to channel such spending through established political committees instead. It applies to all corporations formed or authorized to do business in Connecticut and takes effect on January 1, 2027. Corporations that violate this spending restriction face potential administrative dissolution or revocation of their authority to conduct business in the state. The legislation also updates existing corporate powers and administrative dissolution procedures to enforce these new political spending rules.