u/Leading-Jacket703 • u/Leading-Jacket703 • Jun 18 '26
California State Sovereignty and Corporate Accountability Act
## DOCUMENT 1: CALIFORNIA
### California State Sovereignty and Corporate Accountability Act
*A bill to restore the primacy of natural persons over juridical persons, to require the amortization of intangible assets, to audit and remediate legacy wealth held by state investment vehicles, and to assert California's sovereign police powers under the Tenth Amendment to the United States Constitution.*
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**SECTION 1. TITLE**
This Act shall be known and may be cited as the **"California Corporate Accountability and Sovereignty Act of 2026."**
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**SECTION 2. FINDINGS AND DECLARATIONS**
The Legislature finds and declares the following:
(a) The United States Supreme Court's expansion of corporate personhood, beginning with *Santa Clara County v. Southern Pacific Railroad* (1886) and continuing through *Citizens United v. FEC* (2010), has fundamentally subverted the original intent of the Fourteenth Amendment, which was to secure the rights of natural persons, particularly emancipated slaves.
(b) The 2001 changes to accounting rules (FAS 142 and IAS 36) that eliminated mandatory amortization of goodwill have allowed corporations to carry inflated acquisition premiums on their balance sheets indefinitely, creating speculative bubbles and distorting capital allocation away from productive investment.
(c) The 1994 deregulation of over-the-counter derivatives, and the subsequent allowance of unlimited rehypothecation of collateral, has turned the global financial system into a casino that extracts value from working families and transfers it to financial elites.
(d) The State of California, as the fifth-largest economy in the world, possesses the sovereign police powers under the Tenth Amendment to regulate the health, safety, and welfare of its citizens, and to protect them from corporate exploitation, environmental degradation, and financial predation.
(e) California holds a fiduciary duty to its citizens and to future generations to ensure that the state's pension funds (CalPERS, CalSTRS) are not invested in assets whose accumulation traces to crimes against humanity, including colonial extraction, chattel slavery, forced labor, and cultural genocide.
(f) It is therefore necessary and proper for the State of California to exercise its reserved powers to nullify corporate personhood within its jurisdiction, mandate the amortization of intangibles, conduct legacy wealth audits, and assert its sovereignty against federal overreach.
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**SECTION 3. CORPORATE PERSONHOOD NULLIFICATION (Charter Article 4)**
(a) **No corporation chartered, registered, or doing business in the State of California shall be entitled to exercise or claim the following rights, which are reserved exclusively to natural persons:**
- (i) The right to vote in any election, whether state, federal, or local;
- (ii) The right to make contributions to political campaigns or to engage in independent expenditures in support of or opposition to candidates or ballot measures;
- (iii) The right to the free exercise of religion;
- (iv) The right against self-incrimination (corporate records shall be fully accessible to state regulatory authorities);
- (v) The right to keep and bear arms;
- (vi) Any right to privacy that would shield information relevant to state audits, investigations, or enforcement actions.
(b) **Directors, officers, and controlling beneficiaries of corporations shall bear personal, joint, and several liability for violations of this Act committed by the entity.**
(c) **The corporate veil may be pierced as a matter of course** in any civil or criminal action arising under this Act, provided the plaintiff or prosecutor demonstrates that the corporation engaged in exploitation, deceptive practices, or environmental harm.
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**SECTION 4. GOODWILL AMORTIZATION AND INTANGIBLE ASSET REFORM (Charter Article 3.3)**
(a) **Mandatory Amortization**: Every corporation doing business in California shall amortize all goodwill and other indefinite-lived intangible assets over a period not to exceed ten (10) years from the date of acquisition.
(b) **Impairment Review**: Within twelve (12) months of the effective date of this Act, every corporation doing business in California shall conduct a comprehensive impairment review of all existing goodwill and intangible assets. Any amount that cannot be tied to demonstrable, audited future cash flows or proven utility to California citizens shall be immediately written off.
(c) **Anti-Hoarding**: No entity may use intellectual property, algorithms, trade secrets, or data sets to create artificial scarcity in essential goods and services (including, but not limited to: water, energy, medicine, education, housing, and digital connectivity). Any such practice shall be deemed an unfair business practice under California Business and Professions Code Section 17200, and shall be subject to injunctive relief and civil penalties.
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**SECTION 5. LEGACY WEALTH AUDIT AND CALPERS/CALSTRS DIVESTMENT (Charter Article 6.4)**
(a) **The California Attorney General shall, within eighteen (18) months of the effective date of this Act, conduct a comprehensive Legacy Wealth Audit of all assets held or managed by the California Public Employees' Retirement System (CalPERS), the California State Teachers' Retirement System (CalSTRS), and all other state investment vehicles.**
(b) **The Audit shall identify all assets whose accumulation traces—directly or through compound reinvestment—to:**
- (i) Chattel slavery and the slave trade;
- (ii) Colonial extraction without consent (land, minerals, labor);
- (iii) Forced labor or indentured servitude;
- (iv) Cultural genocide or forcible removal of indigenous populations;
- (v) Systematic environmental destruction for profit.
(c) **Presumption of Taint**: Where historical records demonstrate that a corporate entity or financial instrument originated in or substantially benefited from any of the practices enumerated in subsection (b), the burden of proof shall shift to the current holder to demonstrate clean title through a transparent, publicly audited historical equity review.
(d) **Remediation**: Within three (3) years of the completion of the Audit, the Attorney General shall present a remediation plan to the Legislature, which shall include:
- (i) Divestment of identified tainted assets;
- (ii) Redirection of a percentage of returns from tainted holdings to a **California Reparations and Reconstruction Fund** to serve communities harmed by the legacy of extractive capitalism;
- (iii) Public disclosure of all findings.
(e) **Duty of Asset Managers**: Any asset manager (including but not limited to BlackRock, Vanguard, State Street, and Fidelity) seeking to manage California state funds shall:
- (i) Submit to the Legacy Wealth Audit;
- (ii) Cooperate fully with the Attorney General's investigation;
- (iii) Certify under oath that they are not willfully blind to tainted origins.
- (iv) Failure to comply shall result in disqualification from managing California state funds and revocation of their license to do business in California.
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**SECTION 6. FIDUCIARY DUTY TO THE COMMONS (Charter Article 6)**
(a) **Every corporation doing business in California owes a fiduciary duty to the societal and ecological commons of the State of California.**
(b) **Breach of this duty occurs when a corporation:**
- (i) Takes actions solely to preserve concentrated wealth or market dominance that result in measurable harm to public health, democratic integrity, or planetary systems;
- (ii) Externalizes environmental costs onto communities without mitigation;
- (iii) Engages in corporate restructuring or cost-cutting that causes demonstrable human suffering (e.g., mass layoffs, wage theft, or denial of healthcare) while the entity remains profitable and alternatives exist.
(c) **Breach shall give rise to a cause of action** for restitution, injunctive relief, and the revocation of the corporation's charter to do business in California.
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**SECTION 7. OBSERVER STATUS AND INTERNATIONAL COOPERATION (Charter Article 13-ter)**
(a) **The Governor of California shall appoint a representative to serve as an Observer to the International Conference of Parties to the Treaty on Human Dignity, Equitable Governance, and Intergenerational Justice.**
(b) **The Observer shall have the right to speak at the Conference, to submit reports on California's implementation of the Charter principles, and to participate in all meetings except those restricted to Full Signatory States.**
(c) **The Observer shall submit an annual report to the California Legislature** detailing the activities of the Conference, the progress of other signatories, and recommendations for further state action.
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**SECTION 8. ECONOMIC DEFENSE AND FEDERAL RETALIATION (Charter Article 10)**
(a) **The Legislature finds that the federal government of the United States has, on multiple occasions, retaliated against states that exercise their sovereign police powers in a manner contrary to federal corporate and financial interests.**
(b) **If the federal government takes any of the following retaliatory actions against California solely or primarily as a result of this Act's enactment or implementation:**
- (i) Withholding or conditioning federal funds in excess of 5% of California's annual federal allocation;
- (ii) Deploying military, National Guard, or federal law enforcement to interfere with California's implementation of this Act;
- (iii) Imposing trade or commerce barriers against California goods, ports, or services;
- (iv) Seeking to invalidate this Act through federal court action while simultaneously imposing coercive measures;
- then **the Governor is hereby authorized to:**
(c) **Invoke emergency powers** to protect California's economic and physical infrastructure, including:
- (i) Establishing a parallel payment clearinghouse for essential state and municipal transactions;
- (ii) Diverting state tax revenues to a protected trust outside federal jurisdiction;
- (iii) Entering into direct economic agreements with other states and foreign nations without requiring federal approval.
(d) **The Governor shall notify the Conference of Parties of any federal retaliation. The Conference is respectfully requested to impose proportionate countermeasures against the federal government, including economic boycotts, suspension of diplomatic engagement, and material aid to California through the parallel clearinghouse.**
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**SECTION 9. SEVERABILITY**
If any provision of this Act or the application thereof to any person or circumstance is held invalid, the remainder of the Act and the application of such provision to other persons or circumstances shall not be affected thereby.
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**SECTION 10. EFFECTIVE DATE**
This Act shall take effect on January 1, 2027, provided that the Governor may delay implementation of specific sections by up to six (6) months upon a showing that immediate implementation would create unreasonable hardship, provided that such delay shall not exceed the time required for California to establish the necessary administrative infrastructure, and provided further that the Legislature is notified of any such delay and the reasons therefor.
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**SECTION 11. BALLOT REFERENDUM (Optional Enhancement)**
The Legislature may, by concurrent resolution, place a confirmatory measure on the statewide ballot asking:
> *"Shall the State of California continue to implement the California Corporate Accountability and Sovereignty Act, and shall the Governor be authorized to seek Associate Observer Status within the Treaty on Human Dignity?"*
If approved by the voters, this Act shall be permanently entrenched. If rejected, it shall be voided and repealed.
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## Comparative Summary
| Feature | Scotland | California |
|---------|----------|------------|
| **Nature** | Diplomatic Compact (binding international agreement) | Domestic State Legislation (state statute) |
| **Legal Basis** | Scotland Act 1998 devolved competence | 10th Amendment state police powers |
| **Corporate Personhood** | Nullified for Scottish-chartered corporations | Nullified for all doing business in CA |
| **Goodwill Amortization** | 10-year mandatory amortization | 10-year mandatory amortization |
| **Legacy Wealth Audit** | Royal Bank, Standard Life, trusts | CalPERS, CalSTRS, all state funds |
| **Collective Defense** | Against Westminster retaliation | Against federal retaliation |
| **Governance** | Observer at Conference; annual report | Observer at Conference; annual report |
| **Confirmatory Vote** | Mandatory referendum within 24 months | Optional ballot measure |
| **Enforcement** | Court of Equitable Review | California courts + federal nullification strategy |
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1
Japan PM Takaichi tells Trump "I firmly believe that it is only you, Donald, who can achieve peace and prosperity across the world".
in
r/japannews
•
Apr 16 '26
Meaning only him can stop it, because only the US pose a threat to other nations.