H.R.4729 - To clarify the situations in which a corporation may be treated as a person under Federal law.111th Congress (2009-2010)
|Sponsor:||Rep. Sanchez, Linda T. [D-CA-39] (Introduced 03/02/2010)|
|Committees:||House - House Administration; Judiciary|
|Latest Action:||06/15/2010 Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.|
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Summary: H.R.4729 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (03/02/2010)
Prohibits a corporation from being considered a person under federal law for any purpose, including voting, running for office, or donating funds to a political action candidate.
Provides that a corporation shall be considered a person under federal law only for the purposes of: (1) exercising rights to due process; (2) participating in any manner of a civil action; (3) participating in a contract; (4) the right to own property; or (5) the ability to declare bankruptcy.