To clarify the situations in which a corporation may be treated as a person under Federal law.

[AI summary unavailable — showing source text] Prohibits a corporation from being considered a person under federal law for any purpose, including voting, running for office, or donating funds to a political action candidate. Provides that a corporation shall be considered a person under federal law only for the purposes of: (1) exercising rights to due process; (2) participating in any manner of a civil action; (3) participating in a contract; (4) the right to own property; or (5) the ability to declare bankruptcy.…