Missouri Senate

Senate Amendment

1) Returning contributions to donors;

2) Donating money to a charitable organization; or

3) Transferring money to another candidate committee or a political party committee.

This provision is similar to a provision in SCS/SB 643 (2016).

The act further requires funds held in any candidate committee, campaign committee, debt service committee, or exploratory committee to be liquid so that the funds may be readily available for the specific and limited purposes allowed by current law. Committee funds may only be invested in short term treasury instruments or short term bank certificates of one year or less. Such funds are not required to be placed in an interest-bearing account.

Finally, the act prohibits any person who has transferred funds from:

• his or her candidate committee; or

• any committee over which he or she exerts control over the expenditures of such committee

to any committee shall not thereafter be compensated by such committee in any form.

SCOTT SVAGERA

SSA FOR SA 1 - PROVIDES THAT NO PERSON WHO REGISTERS AS A LOBBYIST SHALL TRANSFER ANY FUNDS FROM A CANDIDATE COMMITTEE, EXPLORATORY COMMITTEE, DEBT SERVICE COMMITTEE, OR CONTINUING COMMITTEE UNDER HIS OR HER CONTROL TO ANY SUCH COMMITTEE CONTROLLED BY A CANDIDATE OR PUBLIC OFFICIAL. THE AMENDMENT FURTHER PROVIDES THAT, FOR PURPOSE OF THE PROVISIONS RELATED TO THE DISSOLUTION OF A CANDIDATE COMMITTEE, ANY PERSON WHO REGISTERS SHALL NOT TRANSFER MONEY TO A CANDIDATE COMMITTEE IN THE COURSE OF DISSOLVING SUCH COMMITTEE.

SA 2 - INSERTS A SEVERABILITY CLAUSE.

SA 3 - PROVIDES THAT EVERY CANDIDATE AND CANDIDATE COMMITTEE SHALL REPORT, AS PART OF DISCLOSURE REPORTS REQUIRED UNDER CURRENT LAW, ALL CONTRIBUTIONS AND EXPENDITURES MADE BY SUCH CANDIDATE OR THE CANDIDATE'S SPOUSE, CANDIDATE COMMITTEE, OR ANY PERSON EMPLOYED OR UNDER CONTRACT WITH THE CANDIDATE OR CANDIDATE COMMITTEE WHICH EXERTS CONTROL OVER A 501(C)(3) OR 501(C)(4) ORGANIZATION AND ALSO ADVOCATES FOR THE CANDIDATE OR CANDIDATE COMMITTEE.

SA 4 - IN ADDITION TO PERMITTING PERSONS TO DONATE FUNDS TO A 501(C)(3) ORGANIZATION IN THE COURSE OF DISSOLVING A CANDIDATE COMMITTEE, SUCH PERSONS MAY ALSO DONATE COMMITTEE FUNDS TO A 501(C)(4) ORGANIZATION.