This bill is yet another tiresome attempt by the liberals to overturn the Supreme Court's Citizens United decision.
GREAT ANSWER FROM COUNTABLE MEMBER "OPERAMAN":
"If this bill passes, then it's a step to rewrite our Constitution. It would also affect Google, Apple and multiple left leaning corporations who support Democrats to seek new ways to cheat stockholders of dividends to support their socialist candidates. But then, this never affected Unions who steals from members to support progressives who then supports causes that support Unions. For example, Obama using taxpayers money for "Shovel Ready Jobs" but instead used the money to support the Teacher's Union Pension Fund who just happened to donate to Obama's Election Committees. So the circle continues to turn. Pray for our Constitution. We won't survive without it. Wonder if Hillary is using Venezuela as a template?"
If corporations aren't afforded their right to "put their money where their mouth is," then neither should unions be!
A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.
The basis for allowing corporations to assert protection under the U.S. Constitution is that they are organizations of people, and the people should not be deprived of their constitutional rights when they act collectively.
To have legal personality means to be capable of holding legal rights and obligations within a certain legal system, such as entering into contracts, suing, and being sued. Legal personality is a prerequisite to legal capacity, the ability of any legal person to amend (enter into, transfer, etc.) rights and obligations. In international law, consequently, legal personality is a prerequisite for an international organization to be able to sign international treaties in its own name.
A holder of legal personality is called as a person (Latin: persona). Persons are of two kinds: natural persons (also called physical persons) and juridical persons (also called juridic, juristic, artificial, legal, or fictitious persons, Latin: persona ficta) – entities such as corporations, which are treated in law as if they are persons. While human beings acquire legal personhood when they are born, juridical persons do so when they are incorporated in accordance with law.
Juridical personality allows one or more natural persons (universitas personarum) to act as a single entity (body corporate) for legal purposes. In many jurisdictions, artificial personality allows that entity to be considered under law separately from its individual members (for example in a company limited by shares, its shareholders). They may sue and be sued, enter contracts, incur debt, and own property. Entities with legal personality may also be subjected to certain legal obligations, such as the payment of taxes. An entity with legal personality may shield its members from personal liability.
The concept of a juridical person is now central to Western law in both common-law and civil-law countries, but it is also found in virtually every legal system.
The concept of legal personhood for organizations of people is at least as old as Ancient Rome: a variety of collegial institutions enjoyed the benefit under Roman law.