2013 HB 40 Designation Of Benefit Corporations

CVNM Position:
Support
Year:
2013
Sponsors:
Zachary J. Cook
Timothy M. Keller
Topics:
Effective Government
Legislative Info:
HB 40 on nmlegis.gov »

Description

HB 40 is a common-sense measure that allows corporations to voluntarily designate themselves as “benefit corporations”, which gives them greater latitude of purpose than simple profit maximization. Benefit corporations can include social and environmental benefits in their purposes, and HB 40 specifies certain responsibilities for reporting and accountability. Protections in the bill ensure that individual shareholders can opt out at the time of designation and receive payment for their shares, and the bill also limits liability if the corporation fails to achieve its stated social or environmental purposes

Outcome

HB 40 passed the House (62-3) and passed the Senate (33-6) but was pocket vetoed by the Governor.


How Legislators Voted on HB 40


  • = Pro Conservation Vote
  • = Anti Conservation Vote
  • A = Absent
  • E = Excused
  • R = Recused
  • W = Abstain
Legislator Party District Office Conservation
Vote
Year
Alcon, Eliseo Lee (D) D 6 Representative 2013
Anderson, Thomas A. (R) R 29 Representative 2013
Archuleta, Phillip M. (D) D 36 Representative 2013
Baldonado, Alonzo  (R) R 8 Representative 2013
Bandy, Paul C. (R) R 3 Representative 2013
Beffort, Sue Wilson (R) R 19 Senator 2013
Brandt, Craig W. (R) R 40 Senator 2013
Bratton, Donald E. (R) R 62 Representative 2013
Brown, Cathrynn N. (R) R 55 Representative 2013
Burt, William F. (R) R 33 Senator 2013
Campos, Pete  (D) D 8 Senator 2013
Candelaria, Jacob R. (D) D 26 Senator 2013
Cervantes, Joseph  (D) D 31 Senator 2013
Chasey, Gail  (D) D 18 Representative 2013
Chavez, Ernest H. (D) D 12 Representative 2013
Cisneros, Carlos R. (D) D 6 Senator 2013
Clahchischilliage, Sharon (R) R 4 Representative 2013
Cook, Zachary J. (R) R 56 Representative 2013
Cote, Nathan "Nate" (D) D 53 Representative E 2013
Cotter, Lee (R) R 36 Senator 2013
Crook, Anna M. (R) R 64 Representative 2013
Dodge Jr., George (D) D 63 Representative 2013
Easley, Stephen (D) D 50 Representative E 2013
Egolf, Brian F. (D) D 47 Representative 2013
Espinoza, Nora (R) R 59 Representative 2013
Ezzell, Candy Spence (R) R 58 Representative 2013
Fajardo, Kelly K. (R) R 7 Representative 2013
Gallegos, David M. (R) R 61 Representative 2013
Gallegos, Doreen Y. (D) D 52 Representative E 2013
Garcia Richard, Stephanie (D) D 43 Representative 2013
Garcia, Mary Helen (D) D 34 Representative 2013
Garcia, Miguel P. (D) D 14 Representative 2013
Gentry, Nate (R) R 30 Representative 2013
Gonzales, Roberto "Bobby" J. (D) D 42 Representative 2013
Gray, William "Bill" J. (R) R 54 Representative 2013
Griego, Phil A. (D) D 39 Senator 2013
Griggs, Ron  (R) R 34 Senator 2013
Hall, Jimmie C. (R) R 28 Representative 2013
Hamilton, Dianne Miller (R) R 38 Representative 2013
Harper, Jason C. (R) R 57 Representative 2013
Herrell, Yvette (R) R 51 Representative 2013
Ingle, Stuart  (R) R 27 Senator E 2013
Irwin, Dona (D) D 32 Representative 2013
Ivey-Soto, Daniel A. (D) D 15 Senator 2013
Jeff, Sandra D. (D) D 5 Representative 2013
Kane, Emily (D) D 15 Representative 2013
Keller, Timothy M. (D) D 17 Senator 2013
Kernan, Gay G. (R) R 42 Senator 2013
Larrañaga, Larry A. (R) R 27 Representative 2013
Leavell, Carroll H. (R) R 41 Senator 2013
Lewis, Tim D. (R) R 60 Representative 2013
Lopez, Linda M. (D) D 11 Senator 2013
Louis, Georgene  (D) D 26 Representative 2013
Lundstrom, Patricia A. (D) D 9 Representative 2013
Madalena, James Roger (D) D 65 Representative 2013
Maestas, Antonio "Moe" (D) D 16 Representative 2013
Martinez, Richard C. (D) D 5 Senator 2013
Martinez, Rodolpho "Rudy" S. (D) D 39 Representative 2013
Martinez, W. Ken (D) D 69 Representative 2013
McCamley, Bill (D) D 33 Representative 2013
McMillan, Terry (R) R 37 Representative 2013
McSorley, Cisco (D) D 16 Senator 2013
Miera, Rick (D) D 11 Representative 2013
Moores, Mark  (R) R 21 Senator 2013
Morales, Howie C. (D) D 28 Senator 2013
Munoz, George K. (D) D 4 Senator 2013
Neville, Steven P. (R) R 2 Senator 2013
O'Neill, Bill B. (D) D 13 Senator 2013
Ortiz y Pino, Gerald  (D) D 12 Senator 2013
Pacheco, Paul (R) R 23 Representative 2013
Padilla, Michael  (D) D 14 Senator 2013
Papen, Mary Kay (D) D 38 Senator 2013
Payne, William H. (R) R 20 Senator 2013
Pinto, John (D) D 3 Senator E 2013
Pirtle, Cliff R. (R) R 32 Senator 2013
Powdrell-Culbert, Jane E. (R) R 44 Representative 2013
Rehm, William "Bill" R. (R) R 31 Representative 2013
Roch, Dennis J. (R) R 67 Representative 2013
Rodella, Debbie A. (D) D 41 Representative 2013
Rodriguez, Nancy  (D) D 24 Senator 2013
Roybal Caballero, Patricia  (D) D 13 Representative 2013
Rue, Sander  (R) R 23 Senator 2013
Ryan, John (R) R 10 Senator 2013
Saavedra, Henry "Kiki" (D) D 10 Representative 2013
Salazar, Nick L. (D) D 40 Representative 2013
Salazar, Tomás E. (D) D 70 Representative 2013
Sanchez, Clemente  (D) D 30 Senator 2013
Sanchez, Michael (D) D 29 Senator 2013
Sandoval, Edward C. (D) D 17 Representative 2013
Sapien, John M. (D) D 9 Senator 2013
Sharer, William E. (R) R 1 Senator 2013
Shendo Jr., Benny  (D) D 22 Senator 2013
Smith, James E. (R) R 22 Representative 2013
Smith, John Arthur (D) D 35 Senator 2013
Soules, William P. (D) D 37 Senator 2013
Stapleton, Sheryl Williams (D) D 19 Representative 2013
Steinborn, Jeff  (D) D 35 Representative 2013
Stewart, Mimi  (D) D 21 Representative 2013
Strickler, James R.J. (R) R 2 Representative 2013
Taylor, Thomas C. (R) R 1 Representative 2013
Thomson, Elizabeth "Liz" (D) D 24 Representative 2013
Torraco, Lisa (R) R 18 Senator 2013
Tripp, Don (R) R 49 Representative 2013
Trujillo, Carl (D) D 46 Representative 2013
Trujillo, Christine  (D) D 25 Representative 2013
Trujillo, Jim R. (D) D 45 Representative 2013
Varela, Luciano "Lucky" (D) D 48 Representative 2013
White, James P. (R) R 20 Representative 2013
Wirth, Peter  (D) D 25 Senator 2013
Woods, Pat  (R) R 7 Senator 2013
Wooley, Bob (R) R 66 Representative 2013
Youngblood, Monica (R) R 68 Representative 2013