State by State Legislative Status

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Enacted Legislation

Pending Legislation

  • Colorado Benefit Corporation

    Colorado_Seal

    Status: Introduced 4/26/12. Passed Senate Judiciary Committee Hearing 4/30/12, Appropriations 5/2/12. Passed Senate Floor 5/7/12. House Business and Economic Development Committee 5/8/12 Regular Session of the Colorado General Assembly expired on 4/9/12.  Colorado General Assembly Special Session started 5/14/12, Senate Bill 003. Passed Senate Judiciary and Appropriations 5/14/12. Passed Senate Floor on 4/15/12. Special Session ran out of time. 

    Sponsor: Sen. Bacon, Sen. Mitchell, Sen. Heath, Sen. Johnston, Sen. Shaffer B., Sen. Cadman, Sen. Harvey, Rep. Massey, Rep. Ramirez

    Legislation: SB 182 SB S 003

    Key Supporters: The Alliance for a Sustainable Colorado

    Quotes/Testimony: Aspen Skiing Company

     

  • Illinois Benefit Corporation

    illinois_seal

    Status: Introduced February 2nd 2011. Passed Senate. Passed House 5/10/12 on its way to the Governor.

    Sponsors: Sen. Frerichs, Sen. Noland, Sen. Collins, Sen. Steans, Rep. Feigenholtz, Rep. Sente, Rep. Thapedi, Rep. Zalewski, Rep. Barickman

    Legislation: SB2897

    Key Supporters: TBA

    Quotes/Testimony: TBA

  • Louisiana Benefit Corporation

    louisiana_seal_bl_white

    Status: Passed House on 4/25/12. Passed the Senate Commerce, Consumer Protection, and International Affairs Committee on 5/16/12

    Sponsors: Rep. Leger, Rep. Ortego

    Legislation: HB1178

    Key Supporters: New Orleans Business Alliance

    Quotes/Testimony: TBA

  • Michigan Benefit Corporation

    MI Seal

    Status: Introduced May 4th 2011. Referred to Senate Committee on Reforms, Restructuring and Reinventing, and House Committee on Judiciary

    Sponsors: Sen. Jansen, Sen. Hunter, Sen. Pappageorge, Rep. Schmidt, Rep. Barnett, Rep. Lipton, Rep. Liss, Rep. Gilbert, Rep. Meadows

    Legislation: S 359, S 360, HB 4615, HB 4616

    Key Supporters: TBA

    Quotes/Testimony: TBA

  • North Carolina Benefit Corporation

    North Carolina State Seal

    Status: Introduced February 1 2011. Passed Senate. House Commerce and Job Development Committee Meeting on 5/23/12

    Sponsors: Sen. Vaughan, Sen.  Stevens, Sen. Kinnaird, Sen. Brunstetter, 

    Legislation: SB26

    Key Supporters: Former President of the American Bar Association AP Carlton, Redwoods Group, Bull City Forward, Center for Advancement of Social Entrepreneurship (CASE), Chapel Hill-Carrboro Chamber of Commerce, UNC Center for Sustainable Enterprise, The Institute for Sustainable Development, Ad Spice Promotional Marketing, Blue Ridge Outdoors Magazine, Burt’s Bees, Dirtball Fashion, Fiberactive Organics, Foundation for a Sustainable Community, IContact, Highland Craftsmen, JustNeem, Larry’s Beans, Machen Advisory Group, NC Center for Nonprofits, Rain Water Solutions, Inc., Resourcing Natural Solutions, Self-Help Credit Union, Skin Care for Athletes, Southern Energy Management, Relevance, Inc., Watershed Capital

    Quotes/Testimony: TBA

  • Pennsylvania Benefit Corporation

    Pennsylvania State Seal

    Status: Introduced June 2nd 2011, Passed House 5/2/12 

    Sponsors: Rep. Denlinger

    Cosponsors: Rep. DePasquale, Rep. Cutler, Rep. Bloom, Rep. Boyd, Rep. Briggs, Rep. Cohen, Rep. Creighton, Repr. Daley, Rep. Fleck, Rep. Gabler, Rep. Geist, Rep. Grove, Rep. Hickernell, Rep. Killion, Rep Longietti, Rep. Milne, Rep. Murt, Rep. Pyle, Rep. Rapp, Rep. Swanger, Rep. Wagner, Rep. Payton

    Legislation: HB1616

    Key Supporters: SBN Philadelphia and the Fay-Penn Economic Development Council, Vertex, Dansko, and Ben Franklin Technology Partners

    Quotes/Testimony: B Lab Testimony

  • South Carolina Benefit Corporation

    sealSC

    Status: Introduced February 9th 2012. Passed House 4/26/12. Passed Senate Judiciary Sub-Committee 5/8/12

    Sponsors: Rep. Stringer, Rep. Weeks, Sen. Sheheen

    Legislation: HB4766

    Key Supporters: South Carolina Chamber of Commerce 

    Quotes/Testimony: TBA

  • Washington, DC Benefit Corporation

    dc_seal

    Status: Referred to Public Services and Consumer Affairs Committee

    Sponsor: Councilmember Mendelsohn

    Cosponsors: Councilmember Cheh, Councilmember M. Brown

    Legislation: B19-0584

    Supporters: Jim Epstein, EFO Capital Management; Laura Jordan, The Capital Law Firm; Amy Kincaid, Change Matters; Andy Shallal, Busboys & Poets

    Quotes/Testimony: TBA

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Legal Disclaimer: The information on this site does not constitute legal advice and is provided solely as a reference.  Those interested in electing benefit corporation status should discuss with their legal advisors the potential risks and liabilities and specific processes associated with this for the company's circumstances and state of incorporation.