A JOINT RESOLUTION AUTHORIZING THE 2009 GENERAL ASSEMBLY TO CONSIDER A BILL TO BE ENTITLED AN act to respond to the u.s. Supreme court's decision in citizens united v. FEC in a manner similar to that of iowa by requiring the reporting of the fair market value of all in‑kind contributions; by requiring detailed reporting within forty-eight hours of any independent expenditure exceeding in the aggregate seven hundred fifty dollars, by requiring that any independent expenditure by an organization in excess of seven hundred fifty dollars be approved by a majority of the organization's board of directors or similar body; by prohibiting the use of the same advertising firm or consultant by an entity making an independent expenditure and by the candidate or referendum committee benefiting from that independent expenditure; by prohibiting foreign nationals, including foreign corporations, from making independent expenditures; by repealing the North carolina bans on corporate and union independent expenditures mirroring those held unconstitutional by the Supreme Court in citizens united v. fec; and to appropriate funds for the act's implementation.
Be it resolved by the House of Representatives, the Senate concurring:
SECTION 1.  The 2009 General Assembly may consider "A BILL TO BE ENTITLED AN ACT TO RESPOND TO THE U.S. SUPREME COURT'S DECISION IN CITIZENS UNITED V. FEC IN A MANNER SIMILAR TO THAT OF IOWA BY REQUIRING THE REPORTING OF THE FAIR MARKET VALUE OF ALL IN‑KIND CONTRIBUTIONS; BY REQUIRING DETAILED REPORTING WITHIN FORTY-EIGHT HOURS OF ANY INDEPENDENT EXPENDITURE EXCEEDING IN THE AGGREGATE SEVEN HUNDRED FIFTY DOLLARS, BY REQUIRING THAT ANY INDEPENDENT EXPENDITURE BY AN ORGANIZATION IN EXCESS OF SEVEN HUNDRED FIFTY DOLLARS BE APPROVED BY A MAJORITY OF THE ORGANIZATION'S BOARD OF DIRECTORS OR SIMILAR BODY; BY PROHIBITING THE USE OF THE SAME ADVERTISING FIRM OR CONSULTANT BY AN ENTITY MAKING AN INDEPENDENT EXPENDITURE AND BY THE CANDIDATE OR REFERENDUM COMMITTEE BENEFITING FROM THAT INDEPENDENT EXPENDITURE; BY PROHIBITING FOREIGN NATIONALS, INCLUDING FOREIGN CORPORATIONS, FROM MAKING INDEPENDENT EXPENDITURES; BY REPEALING THE NORTH CAROLINA BANS ON CORPORATE AND UNION INDEPENDENT EXPENDITURES MIRRORING THOSE HELD UNCONSTITUTIONAL BY THE SUPREME COURT IN CITIZENS UNITED V. FEC; AND TO APPROPRIATE FUNDS FOR THE ACT'S IMPLEMENTATION.
SECTION 2.  This resolution is effective upon ratification.