An Act amending Title 15 (Corporations and Unincorporated Associations) of the Pennsylvania Consolidated Statutes, in general provisions, further providing for definitions; in corporate powers, duties and safeguards, repealing provisions relating to general powers and providing for revocation and regrant of general powers; in limited liability companies, repealing provisions relating to powers and providing for revocation and regrant of powers; and making editorial changes.

Pennsylvania House Bill 2728 amends state corporate law to prohibit business corporations, nonprofit corporations, and limited liability companies from directly or indirectly engaging in election activity or ballot question activity. The bill revokes existing general powers granted to these entities and re-grants them with specific exclusions for political spending, defining such activities as paying or contributing money to support or oppose candidates, political parties, or ballot measures. Any language in a corporate charter that purports to authorize this political activity is declared void, and any such activity conducted by an entity is considered ultra vires and legally invalid. Entities that violate these provisions face the automatic forfeiture of their charter privileges, including limited liability and perpetual duration, until they fully disgorge funds and certify future compliance. The Attorney General is authorized to pursue civil actions for injunctive relief and enforcement against non-compliant entities.