Businesses: other; power of entities to spend in elections or ballot issues; revoke. Amends the state constitution by adding sec. 55 to art. IV.

This proposed constitutional amendment would prohibit businesses formed in Michigan and foreign companies authorized to do business here from spending money to support or oppose candidates, political parties, or ballot measures. The rule applies to corporations, nonprofits, and limited liability companies, but it allows exceptions for existing financial contracts and independent news reporting or editorials. If a business violates these restrictions, the state attorney general could sue to invalidate the spending, force the company to return the funds, or dissolve the entity. The measure would also allow the state to revoke the operating authority of any foreign company that breaks the spending ban.