The proposed joint resolution seeks to amend the Constitution of the State of Iowa by adding a new section to Article VIII, which addresses corporate involvement in the political process. Specifically, the amendment asserts that the powers and privileges of corporations do not include participation in election activities, ballot-issue activities, or financial contributions to political candidates or committees. It emphasizes that such activities are not necessary for the regular purposes of corporations and explicitly prohibits them from engaging in these political activities, while allowing corporations that create, sell, or operate election equipment to continue their business.
If adopted, this amendment would be published and referred to the next general assembly for consideration before being submitted to the electorate for ratification. The resolution reflects a clear intent to limit corporate influence in politics, reinforcing the belief that corporations should not have a role in electoral processes.