RELATING TO CORPORATIONS.

SB 57 requires all domestic and foreign corporations operating in the state to provide annual reports to their shareholders detailing independent political expenditures (such as ads not coordinated with candidates) and direct political contributions. This applies to every corporation subject to state jurisdiction, directly affecting shareholders who receive these disclosures. The key mechanism mandates that corporations compile and distribute specific financial data on political spending each year, ensuring transparency about corporate involvement in elections. The bill focuses solely on disclosure requirements, with no provisions altering campaign finance rules or candidate regulations.