An Act To Ban Corporate Contributions To Candidates

LD 1350 prohibits business entities - including corporations, partnerships, and nonprofits - from making direct contributions to political candidates. It also limits contributions to political action committees (PACs) making independent expenditures to $5,000 annually, with automatic adjustments every two years based on the Consumer Price Index. The bill defines "business entity" broadly to cover all for-profit and nonprofit organizations. This amendment to Maine's campaign finance law directly affects businesses seeking to support candidates financially, altering how they can participate in elections.