SB 543 Modifies provisions relating to disclosure requirements made to the Ethics Commission
Sponsor: Schupp
LR Number: 2327S.03I Fiscal Notes
Committee: Rules, Joint Rules, Resolutions and Ethics
Last Action: 3/18/2015 - Second Read and Referred S Rules, Joint Rules, Resolutions and Ethics Committee Journal Page: S607
Title: Calendar Position:
Effective Date: January 1, 2016

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Current Bill Summary

SB 543 - This act requires all 501(c)(4) organizations to make certain disclosures regarding expenditures for the purpose of electioneering activities by means of covered communications made in the previous calendar year. The act further imposes a 48-hour reporting requirement for certain expenditures or certain contributions made in excess of $5,000. The Ethics Commission is required to assess fees on the board of directors of any covered organization in the same manner as are assessed against certain public officials who fail to file financial interest statements.

This act is effective beginning January 1, 2016.