Corporate Citizenship and Competition Act

[AI summary unavailable — showing source text] Corporate Citizenship and Competition Act - Title I: Establishment of the Federal Corporate Chartering Commission - Establishes a commission to be known as the Federal Corporate Chartering Commission. Sets forth the membership of the Commission. Directs the Commission to begin its duties under this Act within 10 days of its establishment. Title II: Federal Charters for Principal Industrial Corporations - Requires each principal industrial corporation engaged in interstate or foreign commerce to file an application with the Commission for a Federal Corporate Charter. States that such application shall contain: (1) the name of the corporation; (2) the location of the principal place of business of such corporation; (3) the names and addresses of the members of such corporation's board of directors and of the principal executive officers of such corporation; and (4) a copy of the State charter or charters or articles of incorporation of such corporation. States that a charter issued pursuant to this Act shall not be deemed to create any entitlement or property interest, but shall be held to be a terminable license or privilege. Requires each corporation obtaining a charter under this …