This is just grandstanding. Constitutional amendments are very difficult to get enacted -- as the ERA proponents found
The Democratic party’s temper tantrum over Citizens United v. FEC has ratcheted up to a new level – now, instead of arguing that the ruling is wrong and the constitution doesn’t protect corporate speech, they’re arguing that the first amendment does protect corporate speech, so they’re going to change it! At least this time, they’re following the process prescribed by the Founders.
The bill in question is called the “Peoples’ Rights Amendment,” and its goal is to explicitly allow Congress to regulate corporate speech however it wants:
Section 1. We the people who ordain and establish this Constitution intend the rights protected by this Constitution to be the rights of natural persons.
Section 2. People, person, or persons as used in this Constitution does not include corporations, limited liability companies or other corporate entities established by the laws of any state, the United States, or any foreign state, and such corporate entities are subject to such regulation as the people, through their elected state and federal representatives, deem reasonable and are otherwise consistent with the powers of Congress and the States under this Constitution.
Note that Labor unions are not mentioned. They are apparently to be above regulation by Congress.