A joint resolution proposing an amendment to the Constitution of the United States to clarify the authority of Congress and the States to regulate corporations, limited liability companies, and other corporate entities established by the laws of any State, the United States, or any foreign state.
Constitutional Amendment
Declares that: (1) the rights enumerated in the Constitution and other rights retained by the people are the rights of natural persons; (2) the terms "people," "person," and "citizen" as used in the Constitution do not include corporations, limited liability companies, or other corporate entities established by the laws of any state, the United States, or any foreign state; and (3) corporate entities are subject to such regulation as the people, through representatives in Congress and state representatives, may determine reasonable, consistent with the powers of Congress and the states.
Prohibits the Constitution from being construed to limit such rights, which are unalienable.
Read twice and referred to the Committee on the Judiciary.