An act relating to removing the power of Vermont corporations to spend money on election activities

H.793 removes Vermont corporations, LLCs, partnerships, and similar business entities' legal authority to spend money on election activities (like supporting candidates) or ballot-issue activities (like funding ballot measures). It amends Vermont's business corporation laws to explicitly revoke any prior broad powers that could be interpreted as allowing such spending, defining these activities clearly to prevent misuse. The bill ensures these entities can only engage in activities necessary for their lawful business, charitable, or organizational purposes - without political spending authority. It preserves natural persons' rights and political parties' activities while applying uniformly across all business entity types.