Veytics Intelligence
2026-11-06 · CNBC

Montana votes to ban corporate political money. Next stop? Probably the Supreme Court

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Imagine a corporation wants to spend $10 million to defeat a political candidate. Under the Supreme Court's landmark 2010 Citizens United ruling , it can spend as much as it wants provided it doesn't coordinate with the candidate's campaign. In a state President Donald Trump won by nearly 20 points in 2024, roughly 65% of Montanans voted to approve Initiative 194 – the "Montana Plan" – embracing a novel legal strategy to curb corporate political spending. If states cannot restrict political speech under Citizens United , can they instead strip corporations of the power to spend money on elections? The vote follows a record $11.

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