Reporting of information by nonresident registrants under the campaign finance law

What it would have done

Summary by the Legislative Reference Bureau, the Legislature's nonpartisan drafting office. It's their wording, not ours.

Under current law, with certain exceptions, registrants under the campaign finance law are required to file regular reports with the appropriate filing officer or agency. The reports must identify each contributor of more than $20 cumulatively within a calendar year; the occupation and principal place of employment, if any, of each contributor whose cumulative contributions within a calendar year exceed $100; the registrants from whom or to whom funds are transferred; other income exceeding $20; contributions donated to a charitable organization or the common school fund; loans exceeding $20, together with the identity of the lenders and guarantors, if any; disbursements (expenditures) and obligations exceeding $20; and certain information from registrants making disbursements independently of candidates. However, if a registrant does not maintain an office or street address within this state, the registrant need identify only contributions, transfers, loans, and other income received from sources in this state and disbursements and obligations incurred with respect to elections for state or local office in this state.

This bill deletes the exception for registrants who or that do not maintain an office or street address within this state, so that these registrants are required to report the same information as other registrants. The bill also requires nonresident registrants to include in their reports a separate statement of contributions, transfers, loans, and other income received from sources in this state and disbursements and obligations incurred with respect to elections for state and local office in this state. The bill does not affect reporting by authorized committees of candidates for the office of U.S. senator or representative in Congress, national political party committees, and federally registered committees of state political parties that make no contributions to individuals or committees that are subject to a state registration requirement.

Who's behind it

4 senators are its authors⁠. 2 are Democrats and 2 are Republicans.

10 more lawmakers signed on in support⁠.