I've seen that idea floating around before.
But this is the first time I've ever actually heard of a corporate charter being revoked.
Personally, I think it's a really good thing. Not so much because of the direct impact it will have on companies but because of the indirect impact it will have on corporate backers. Investors will be far less likely to support questionable companies if they run the risk that their money might just evaporate, same goes for groups giving out loans and financing.
This sort of thing is the opposite site of the free market that real financial conservatives support and political hacks sell out to get backing.
Jay