[wanoir]

Fascinating! But does this only apply if the company is incorporated in that particular state? If there is any state that doesn’t adopt the new law structure, then companies will just re-incorporate to that other state.

Of course, not every company may find it worthwhile to do that. So on the whole, it will probably mean companies that aren’t that involved in political spending will become even less involved. But, the largest spenders may find it worthwhile to re-incorporate so they can continue to do it.

[sgc]

Hawaii can only make laws for Hawaii. So I don't even think it could stop a Hawaiian corporation from spending political dollars in another state. But it can probably stop corporations from spending money in Hawaii even if they are not incorporated there. This law will make its way to the supreme Court relatively quickly I expect.

[mindslight]

Corporations/LLCs generally have to explicitly register with every state they do business in. Presumably at this juncture they can be subject to the same restrictions. No idea how this concretely plays out with this law though.