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2006 SESSION

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HB 291 Campaign finance; special disclosure requirements for certain large contributions; civil penalties.

Introduced by: S. Chris Jones | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Campaign finance; special disclosure requirements for certain committees; civil penalties. Requires federal and IRS 527 committees contributing more than $10,000 to candidates in Virginia to register with the State Board of Elections. Information on contributors to federal committees will be made available by the Board through a link to filings at the Federal Election Commission. Information on contributors of $2,500 or more to 527 committees will be filed with the State Board and available to the public. Candidates accepting more than $10,000 from a committee must verify that the committee has registered with the State Board. Civil penalties are imposed for accepting or making contributions in violation of the act. This bill incorporates HBs 503 and 1088 and is identical to SB 436.

SUMMARY AS PASSED HOUSE:

Campaign finance; special disclosure requirements for certain committees; civil penalties. Requires federal and IRS 527 committees contributing more than $10,000 to candidates in Virginia to register with the State Board of Elections. Information on contributors to federal committees will be made available by the Board through a link to filings at the Federal Election Commission. Information on contributors of $5,000 or more to 527 committees will be filed with the State Board and available to the public. Candidates accepting more than $10,000 from a committee must verify that the committee has registered with the State Board. Civil penalties are imposed for accepting or making contributions in violation of the act.

SUMMARY AS INTRODUCED:

Campaign finance; special disclosure requirements for certain large contributions; civil penalties. Requires the filing of special reports to disclose the source of funds for large contributions ($100,000 for statewide candidates and $25,000 for General Assembly candidates) made by certain political committees, persons, and entities and including special reports on the source of large contributions received by certain political committees, persons, and entities.