Requires shareholders to approve corporate political expenditures

This bill requires corporations to obtain shareholder approval before spending money on political activities. Shareholders must vote to approve annual spending limits and specific recipients (like candidates, parties, or issues) before any political expenditure occurs. Corporations must also notify shareholders within 48 hours of spending, post details on their website, and include all political spending in annual reports. Additionally, shareholders who disagree can request a pro-rata rebate, and corporations with majority ownership by entities like pension funds cannot make political expenditures.