The Daily Haymaker, by Brant Clifton •
A piece of legislation that has raised the ire of Civitas and other Tea Party-aligned groups, and has been voted down twice in the state House, has been resurrected and sent to the House Rules Committee. According to a rather surprising source — who has a vote in the House GOP caucus — it’s eligible to be voted on in the General Assembly’s short session.
The legislation I am taking about is H440 — The North Carolina Benefit Corporation Act. It’s come up in the legislature in 2011 and in 2013. Tea Party groups have attacked this legislation as an instrument of the United Nations’ Agenda 21. Civitas went after it as being antithetical to capitalism.
Benefit corporations are not currently recognized by the state of
Carolina. But this legislation is seeking to change
What’s the big deal about Benefit Corporations, also known as B-corps? A really smart guy with a fancy-pants Raleigh law firm dishes the dirt for us: