An Act amending Title 15 (Corporations and Unincorporated Associations) of the Pennsylvania Consolidated Statutes, in general provisions relating to business corporations, providing for eligibility for receipt of State resources.

This bill establishes new eligibility rules for Pennsylvania business corporations seeking state contracts, funding, or grants. It directly affects domestic and foreign corporations with 200 or more employees in the Commonwealth by disqualifying them if they have violated federal fair labor standards, committed unfair labor practices, or broken the state's prevailing wage law within the last five years. Additionally, the bill requires these large corporations to submit bylaws ensuring that at least 20% of their governing board consists of current employees elected by the workforce. The restrictions only apply to agreements approved on or after the law's effective date, which is set to occur 60 days after enactment.