RELATING TO CORPORATIONS.

SB 57 requires domestic and foreign corporations operating in the state to provide annual reports to their shareholders detailing all independent political expenditures and political contributions made by the corporation. This directly affects corporations that spend money on political activities, including advertising or donations to candidates or committees outside of direct campaign coordination. The key provision mandates that these reports include specific amounts, recipients, and purposes of each expenditure or contribution. The bill aims to increase transparency about corporate political spending by making this information accessible to shareholders, who are the owners of the corporation. (Note: The bill is pending introduction and has not yet been enacted.)