On the House floor today, after hearing concerns on the measure from certain members, Rep. Jon Riki Karamatsu, chair of Judiciary moved to recommit HB539, RELATING TO CAMPAIGN SPENDING back to the Judiciary committee. The motion passed, and the bill's future is uncertain.
The bill allows a "company" (defined as corporation, partnership, LLC, LLP, financial institution, or any other entity engaged in businss) to make an unlimited contribution into a noncandidate committee that is established by the company.
That noncandidate committee would have been able to make a contribution to a political party under the same restrictions and conditions as an individual person.
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