Summary: H.R.4644 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.4644. Bill summaries are authored by CRS.

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Introduced in House (02/22/2010)

Fairness in Corporate Campaign Spending Act of 2010 - Amends the Federal Election Campaign Act of 1971 to prohibit a corporation from making any independent expenditure or disbursing funds for any electioneering communication without obtaining the prior approval of a majority of its shareholders. Subjects officers and directors of a corporation to personal liability for civil money penalties for violating this prohibition.

Exempts from this prohibition any corporation whose aggregate disbursements for electioneering communications during a year: (1) are less than $8,000, if the corporation has fewer than 100 full-time-equivalent (FTE) employees; or (2) are less than $20,000, if the corporation has more than 100 FTE employees.

Declares that nothing in this Act shall affect political disbursements by a separate segregated fund established by a corporation.