WeVote
Log In

Bill

Bill

LD 1350

An Act To Ban Corporate Contributions To Candidates

132nd Legislature (2025-2026) Introduced by Matt Beck and 9 co-sponsors

Bans corporate contributions to political candidates, limiting corporate funding to campaigns and affecting corporate donors and candidate committees.

Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
#campaignfinance #corporatecontributions #elections
0
WeVote Research Nonpartisan
Bill Summary · LD 1350

Summary of LD 1350 – An Act To Ban Corporate Contributions To Candidates

Overview

LD 1350 proposes to ban corporate contributions to political candidates. The bill is classified as a campaign finance measure addressing corporate contributions and is currently listed as DEAD (no further action anticipated for the session). It was introduced on March 28, 2025.

What the bill would do

  • Prohibit corporate contributions to candidates running for public office.
  • The available materials do not include the bill’s definitions, scope (which entities count as “corporations”), allowable alternative sources of funding, enforcement mechanisms, penalties, or any exceptions.

Notes:
- The text provided does not specify whether corporate contributions from all forms of corporations (for-profit, nonprofit, or other entities with corporate-style funding) would be covered, nor does it clarify whether contributions from affiliated political action committees or other intermediary entities would be treated as prohibited.

Affected parties

  • Corporations and corporate entities that might otherwise contribute to political candidates.
  • Candidate committees and their fundraising activities, which would be subject to restrictions on corporate funding.
  • Potentially, state or local election officials responsible for enforcing campaign finance rules (enforcement details are not provided).

Legislative history and status

  • 2025-03-28: Introduced and REFERRED to the Committee on Veterans and Legal Affairs pursuant to Joint Rule 308.2.
  • 2025-04-16: Work Session Held.
  • 2025-04-16: Voted ONTP (Ought Not To Pass).
  • 2025-04-22: Reported Out - ONTP.
  • 2025-04-23: Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD).

Status note: The bill is currently dead for the session, meaning it is not scheduled to advance unless reintroduced or revived in a future session.

Potential impact and considerations

  • If enacted, the bill would directly limit corporate influence by removing a source of campaign funding from corporations to candidates.
  • Compliance considerations would include identifying prohibited contributions, monitoring corporate funding channels, and ensuring candidate committees avoid or claw back prohibited donations.
  • Economic and political implications could include shifts toward funding from individuals, political action committees, or other non-corporate sources; specifics depend on the bill’s final definitions and allowed sources, which are not provided in the available materials.

Next steps / where to find more information

  • For complete details, review the bill text, fiscal impact statement (if any), and legal definitions in the official bill records.
  • Check the Maine Legislature’s website or the Legislative Files for LD 1350 to view definitions, penalties, exemptions, and any amendments if reintroduced.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.