SB 1052 Modifies provisions relating to campaign finance reporting requirements
Sponsor: Schaaf
LR Number: 6616S.01I Fiscal Notes
Committee: Rules, Joint Rules, Resolutions and Ethics
Last Action: 3/8/2018 - Second Read and Referred S Rules, Joint Rules, Resolutions and Ethics Committee Journal Page: S601
Title: Calendar Position:
Effective Date: August 28, 2018

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Current Bill Summary

SB 1052 - This act expands current requirements for entities that are not committees that make campaign expenditures independently of any candidate, party, or political committee. This act requires any person, other than a defined committee, who has made one or more independent expenditures aggregating one thousand dollars or more since the most recent general election to file a report signed by the person making the independent expenditure, or that person's authorized agent with information as specified in the act. In addition, the act includes a new provision that permits a noncommittee entity making independent expenditures to establish a special account, called a "campaign-related account", exclusively for making independent expenditures. Under that provision, an entity that opts to establish a campaign-related account only has to report donors who made a contribution above a specified amount directly to the account, rather than disclosing all of the organization's donors above the threshold amount as is otherwise required. An entity establishing a campaign-related account may not self-fund the account by transferring money from another account controlled by the entity into the campaign-related account, and the entity may only use the account for making independent expenditures.