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Status: Introduced February 9th 2012. Passed House 4/26/12. Passed Senate Judiciary Sub-Committee 5/8/12. Passed Senate Judiciary Committee on 5/30/2012. Passed Senate on 6/5/12. Passed House Concurrence vote 6/7/2012. Enacted by Governor Haley on 6/14/12. HB 4766 went into effect upon the Governor's signature. Sponsors: Rep. Stringer, Rep. Weeks, Sen. Sheheen Legislation: HB4766 Key Supporters: South Carolina Chamber of Commerce Quotes/Testimony: TBA |
Care2 Petition
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South Carolina Benefit Corporation
Enacted Legislation
- Arizona Benefit Corporation
Status: Passed. Will become effective December 31st 2014.
Sponsors: Rep. Tom Forese, Rep. Justin Pierce, Rep. Bob Thorpe.
Legislation: SB1238
Key Supporters: Seed Spot
Quotes/Testimony: TBA
- Arkansas Benefit Corporation
Status: Passed. Will go into effect 90 days after the legislature adjorns.
Sponsors: Representative David Whitaker and Representative Deborah Ferguson
Legislation: HB1510
Key Supporters: NA
Quotes/Testimony: TBA
- California Benefit Corporation
Status: Passed
Sponsors: Assemblymember Huffman
Legislation: AB361
Key Supporters: American Sustainble Business Council, Jonathan Storper, Donald Simon, John Montgomery, SVN, SB-Cal, New Voice of Business, Green Chamber of Commerce, Green America, CAMEO, CAC, Build It Green, ASBC, ACE, CAC, Bay Area Council, Montgomery & Hansen, HansonBridgett , Care2.com, Patagonia, RSF Financial, Donald Simon, Wendel Rosen Black & Dean and Green Seal.
Quotes/Testimony: Silicon Valley Leadership Group
- Colorado Benefit Corporation
Status: Passed. Effective April 1, 2014.
Sponsor: Representative Lee and Senator Kefalas
Legislation: HB13-1138
Key Supporters: The Alliance for a Sustainable Colorado, UL, LLC (Underwriters Laboratories) SB 182, UL, LLC (Underwrtiers Laboratories) SB 003, Green America
Quotes/Testimony: NA
- Hawaii Benefit Corporation
Status: Passed
Sponsors: Sen. Ihara, Sen. Chun Oakland, Sen. Green, Sen. Solomon, Sen. Espero, Sen. Fukunaga, Sen. Gabbard, Sen. Galuteria, Sen. Ige, Sen. Nishihara, Sen. Ryan, Sen. Slom, Sen. Taniguchi, Sen. Tokuda, Sen. Wakai, Rep. C. Lee, Rep. Browner, Rep. Carroll, Rep. Evans, Rep. Hanohano, Rep. M. Lee, Rep. Morita, Rep. Nakashima, Rep. Aquino, Rep. Awana, Rep. Chang, Rep. Chong, Rep. Choy, Rep. Cullen, Rep. Hashem, Rep. Mizuno, Rep. Nishimoto, Rep. B. Oshiro, Rep. Pine, Rep. Tsuji, Rep. Yamashita
Legislation: SB 298
Key Supporters: Gary Hooser
- Illinois Benefit Corporation
Status: Introduced February 2nd 2011. Passed Senate. Passed House 5/10/12. Sent to the Governor on 6/8/2012. Signed on 7/2/12.
Sponsors: Sen. Frerichs, Sen. Noland, Sen. Collins, Sen. Steans, Rep. Feigenholtz, Rep. Sente, Rep. Thapedi, Rep. Zalewski, Rep. Barickman
Legislation: SB2897
Key Supporters: UL, LLC (Underwriters Laboratories)
Quotes/Testimony: TBA
- Maryland Benefit Corporation
Status: Passed
Sponsors: Sen. Raskin, Sen. Frosh, Sen. Feldman
Legislation: SB690/HB1009
Key Supporters: Jim Epstein, Michael Shuman
Quotes/Testimony: Sen. Jamie Raskin, Rep. Brian Feldman, Michael Shuman
- Massachusetts Benefit Corporation
Status: Passed
Sponsors: Senator Joyce
Legislation: H4352
Key Supporters: Preserve, Social(k), Dimagi
- Louisiana Benefit Corporation
Status: Passed. Passed the House on 4/25/12. Passed the Senate on 5/22/12. Sent to the Governor on 5/24/12. Signed into law on 5/31/2012. Will go into effect 8/1/2012.
Sponsors: Rep. Leger, Rep. Ortego
Legislation: HB1178
Key Supporters: New Orleans Business Alliance
Quotes/Testimony: TBA
- New Jersey Benefit Corporation
Status: Passed
Sponsors: Sen. Ruiz, Sen. Kean Jr., Assemblymember Wagner, Assemblymember Stender, Assemblymember O'Donnell
Legislation: S2170
Key Supporters: Natural Systems Utilities
Quotes/Testimony: Dominic Kulik, Natural Systems Utilities - New York Benefit Corporation
Status: Passed
Sponsors: Speaker Silver, Sen. Squadron
Legislation: A4692-a and S79-a
Key Supporters: ASBC, Buffalo First, Local First Ithaca, NYS B Corps, Singlebrook Technology
Quotes/Testimony: Speaker's Press Release - Pennsylvania Benefit Corporation
Status: Introduced June 2nd 2011, Passed House 5/2/12 , Passed Senate 10/16/12. Signed into law on 10/24/12.
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
- South Carolina Benefit Corporation
Status: Introduced February 9th 2012. Passed House 4/26/12. Passed Senate Judiciary Sub-Committee 5/8/12. Passed Senate Judiciary Committee on 5/30/2012. Passed Senate on 6/5/12. Passed House Concurrence vote 6/7/2012. Enacted by Governor Haley on 6/14/12. HB 4766 went into effect upon the Governor's signature.
Sponsors: Rep. Stringer, Rep. Weeks, Sen. Sheheen
Legislation: HB4766
Key Supporters: South Carolina Chamber of Commerce
Quotes/Testimony: TBA
- Vermont Benefit Corporation
Status: Passed
Sponsors: Sen. Shumlin, Sen. Miller
Legislation: S.263
Key Supporters: VBSR, VEOC, Merritt & Merritt & Moulton
Quotes/Testimony: Jeffrey Hollender, Seventh Generation, Ben Cohen and Jerry Greenfield, Ben & Jerry's, Jim Feinson, Gardener's Supply Company, Ken Merritt - Virginia Benefit Corporation
Status: Passed
Sponsors: Delegate McClellan, Delegate Brink, Delegate Cline, Delegate Dance, Delegate Herring, Delegate Kory, Delegate Lingamfelter
Legislation: HB2358
Key Supporters: Impact Makers - Washington, DC Benefit Corporation
Introduced Legislation
- Alabama Benefit Corporation
Status: Passed Senate Committee.
Sponsors: Senator Cam Ward
Legislation: SB14
Key Supporters: TBA
Quotes/Testimony: TBA
- Connecticut Benefit Corporation
Status: Introduced
Sponsors: Representative Brendan Sharkey, Representative Joe Aresimowicz, Senator Donald Williams, Senator Martin Looney
Legislation: HB6356
Key Supporters: The Connecticut State Bar Association
Quotes/Testimony: TBA
- Iowa Benefit Corporation
Sponsors: Representative Charles Isenhart
Legislation: HF 288
Key Supporters: NA
Quotes/Testimony: TBA
- Montana Benefit Corporation
Sponsors: Representative Kathleen Williams
Legislation: HB 534
Key Supporters: NA
Quotes/Testimony: TBA
- Nevada Benefit Corporation
Status: Passed Assembly
Sponsors: Assemblyman Bobzien
Legislation: AB89
Key Supporters: The Nevada Secretary of State, The Nevada Governor's Office of Economic Development, The City of Reno, The Sierra Club, The Nevada Conservation League, The Progressive Leadership Alliance of Nevada, The Nevada Renewable Energy Accelerator, The Reno Chamber of Commerce, The Las Vegas Chamber of Commerce, The Retail Association of Nevada, The Reno Collective, Patagonia
Quotes/Testimony: Governor's Office of Economic Development
- North Carolina Benefit Corporation
Status: Introduced
Sponsors: Senator Brunstetter, Senator Clark, Senator Meredith, Representative McGrady, Representative Daughtry, Representative Harrison, Representative Bryan
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
- Oregon Benefit Corporation
Status: Passed House Committee.
Sponsors: Secretary of State Kate Brown, Representative Tobias Read, Representative Jules Bailey
Legislation: SB 144 and HB 2296
Key Supporters: Metropolitan Group, Equilibrium Capital Group, Pinpoint Logic, gDiapers, Better World Club, Celilo Group Media, Hawthorne Auto Clinic, Inc., Eleek, Bamboo Sushi, Brightworks, Celia Mueller CFP, PlanGreen, Diane Dulken Strategies, Eleven Wireless, Resource Recognition and Regeneration Ranch, Activate Hub, Portland Woolen Mills, WellBalance, Michael Olaf, Montessori Company, ONABEN: A Native American Business Network, Back Into Your Body, National Sustainable Sales, Social Enterprises Inc., True Nature Wellness, LLC, Adaptation Services, Green Rising, Trovi, Fishpeople, Endurawood, Sustainable Solutions Unlimited, Changents, Indow Windows, Canvas Dreams, Supportland, Immix Law Group, Artemis Foods, Green Building Services/BuildingInsigts LLC, EcoZoom, Elements Naturals LLC, B-Line, Sustainable Harvest, Preciva Incorporated, Prem Group, Freeflow Digital, Alima Cosmetics, Inc., Idealist Consulting, Miller Nash LLP, Inesscents Aromatic Botanicals, FMYI, Speak Shop, AXIS Performance Advisors, Inc., Ecotrust Forest Management, Capital Pacific Bank, TriLibrium, New Outlook Financial, LLC, Blue Tree Strategies, Medford Fabrication
- Rhode Island Corporation
Status: Introduced
Sponsors: Representative Tanzi, Representative Blazejewski, Representative Ajello, Representative O`Grady, and Representative Valencia
Legislation: HB5720
Key Supporters: NA
Quotes/Testimony: TBA
- Texas Benefit Corporation
Status: Introduced
Sponsors: Representative Stefani Carter
Legislation: HB2565
Key Supporters: NA
Quotes/Testimony: TBA
- West Virginia Benefit Corporation
Status: Introduced
Sponsors: Senator John Unger
Legislation: SB374
Key Supporters: NA
Quotes/Testimony: TBA
This site is run as a public service by B Lab, a nonprofit whose mission is to use the power of business to solve social and environmental problems.
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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.