Supreme Corporate Control Law
Representative Alan Grayson (D FL-8) has submitted 5 bills in immediate response to the Supreme Court Decision allowing unlimited corporate money to be spent to support or defeat any issue or candidate.
Here are links to the bills and a brief summary of their content:
http://www.govtrack.us/congress/bill.xpd?bill=h111-4431
The Business Should Mind It’s Own Business Act - To amend the Internal Revenue Code of 1986 to impose a 500 percent excise tax on corporate contributions to political committees and on corporate expenditures on political advocacy campaigns.
http://www.govtrack.us/congress/bill.xpd?bill=h111-4432
The Corporate Propaganda Sunshine Act - To direct the Securities and Exchange Commission to revise its reporting requirements to require public companies to report certain expenditures made to influence public opinion on any matter other than the promotion of the company’s products or services.
http://www.govtrack.us/congress/bill.xpd?bill=h111-4433
The Ending Corporate Collusion Act - To make the antitrust laws applicable to a political committee under the Federal Election Campaign Act of 1971 which is established and administered by a separate segregated fund of a corporation pursuant to section 316(b)(2)(C) of such Act.
http://www.govtrack.us/congress/bill.xpd?bill=h111-4434
The End Political Kickbacks Act - To amend the Federal Election Campaign Act of 1971 to extend the ban on the making of contributions by certain government contractors to other for-profit recipients of Federal funds, to limit the amount of contributions the employees of for-profit recipients of Federal funds may make during any calendar year in which such funds are provided, and for other purposes.
http://www.govtrack.us/congress/bill.xpd?bill=h111-4435
The Public Company Responsibility Act - To amend the Securities Exchange Act of 1934 to prohibit any national securities exchange from effecting any transaction in a security issued by a corporation unless the corporation’s registration with the exchange includes a certification that the corporation currently is in compliance with the provisions of the Federal Election Campaign Act of 1971 governing contributions and expenditures by corporations which were in effect with respect to elections held during 2008.