[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4729 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4729

 To clarify the situations in which a corporation may be treated as a 
                       person under Federal law.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 2, 2010

Ms. Linda T. Sanchez of California introduced the following bill; which 
was referred to the Committee on House Administration, and in addition 
  to the Committee on the Judiciary, for a period to be subsequently 
   determined by the Speaker, in each case for consideration of such 
 provisions as fall within the jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To clarify the situations in which a corporation may be treated as a 
                       person under Federal law.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TREATMENT OF CORPORATION AS A PERSON.

    (a) In General.--Except as provided in this section, a corporation 
shall not be considered a person under Federal law for any purpose, 
including voting, running for office, or donating funds to a political 
candidate.
    (b) Exclusive List of Laws Applicable to Corporations.--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.
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