Text: HSB00298 Text: HSB00300 Text: HSB00200 - HSB00299 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. NEW SECTION. 56.12B LIMITATIONS ON 1 2 CONTRIBUTIONS. 1 3 1. A person, other than a political action committee, 1 4 shall not make contributions to a candidate in excess of a 1 5 total of one thousand dollars in any one election. 1 6 2. A political action committee shall not make 1 7 contributions to a candidate in excess of a total of five 1 8 thousand dollars in any one election. 1 9 3. The total contributions received by a candidate from 1 10 political action committees in any one reporting period shall 1 11 not exceed one-third of the total contributions received by 1 12 the candidate in that reporting period. If a candidate 1 13 receives contributions from a political action committee which 1 14 causes the candidate's total political action committee 1 15 receipts to exceed one-third of total receipts for the 1 16 reporting period, the candidate shall return all or any 1 17 portion of the contribution to the political action committee 1 18 which causes the candidate to exceed the limitation. 1 19 4. For purposes of this section "political action 1 20 committee" means a political committee, other than a state 1 21 statutory political committee, a county statutory political 1 22 committee, or a national political party. 1 23 5. For purposes of this section, primary elections and 1 24 general elections shall be treated as separate elections and 1 25 any contribution made to a candidate in a year preceding the 1 26 calendar year in which the election is held is considered to 1 27 be made during the calendar year in which the election is 1 28 held. However, a contribution to a candidate that is made 1 29 after an election is held may be applied to campaign debts for 1 30 that election if the person making the contribution has not 1 31 exceeded the limits established for the person in this section 1 32 for that election and the person designates the contributions 1 33 as applying to the election debt. 1 34 6. For purposes of the limitations contained in this 1 35 section, all contributions made by political action committees 2 1 established, financed, maintained, or controlled by any person 2 2 other than an individual, including contributions made by any 2 3 parent, subsidiary, branch, division, department, or local 2 4 unit of the person or by any group of such persons, shall be 2 5 considered to be made by a single political action committee. 2 6 However, this subsection shall not be construed to limit 2 7 transfers of funds between political action committees if the 2 8 funds are raised through joint fund raising efforts. In any 2 9 case in which a person, other than an individual, and any of 2 10 the person's subsidiaries, branches, divisions, departments, 2 11 or local units establish, finance, maintain, or control more 2 12 than one separate, segregated fund, all of the separate, 2 13 segregated funds shall be treated as a single, separate, 2 14 segregated fund. 2 15 Sec. 2. Section 68B.2, subsection 13, paragraph a, Code 2 16 1995, is amended by striking the paragraph and inserting in 2 17 lieu thereof the following: 2 18 a. "Lobbyist" means an individual who meets either of the 2 19 following criteria: 2 20 (1) The person receives compensation to directly or 2 21 indirectly contact or to directly or indirectly make efforts 2 22 in support of contacting a member of the general assembly, 2 23 employees of a state agency or the office of the governor, or 2 24 any statewide elected official, on behalf of a client, with 2 25 regard to the formulation, modification, adoption, 2 26 administration, or execution of legislation, a state law, a 2 27 rule, agency action as defined under section 17A.2, an 2 28 executive order, or an official position. 2 29 (2) The person represents the position of a federal, 2 30 state, or local government agency, in which the person serves 2 31 or is employed as the designated representative, for purposes 2 32 of making contacts with members of the general assembly, 2 33 employees of a state agency or the office of the governor, or 2 34 any statewide elected official with regard to the formulation, 2 35 modification, adoption, administration, or execution of 3 1 legislation, a state law, a rule, agency action as defined 3 2 under section 17A.2, an executive order, or an official 3 3 position. 3 4 (3) The person is a designated representative of an 3 5 organization which is formed for, or has as one of its 3 6 purposes, the influencing of the formulation, modification, 3 7 adoption, administration, or execution of legislation, a state 3 8 law, a rule, an agency action as defined under section 17A.2, 3 9 an executive order, or an official position. 3 10 Sec. 3. Section 68B.35, subsection 1, Code 1995, is 3 11 amended to read as follows: 3 12 1.The persons specified in subsection 2Except as 3 13 otherwise provided in subsection 1A, statewide elected 3 14 officials and candidates for statewide office shall fileaan 3 15 annual financial statement at times and in the manner provided 3 16 in this section that contains all of the following: 3 17 a. A list of each business, occupation, or profession in 3 18 which the person is engaged and the nature of that business, 3 19 occupation, or profession, unless already apparent. 3 20 b. A list of any other sources of incomeif the source3 21produces more than one thousand dollars annually in gross3 22income. Such sources of income listed pursuant to this 3 23 paragraph may be listed under any of the following categories, 3 24 or under any other categories as may be established by rule: 3 25 (1) Securities. 3 26 (2) Instruments of financial institutions. 3 27 (3) Trusts. 3 28 (4) Real estate. 3 29 (5) Retirement systems. 3 30 (6) Other income categories specified in state and federal 3 31 income tax regulations. 3 32 c. Under the categories identified under paragraph "b", an 3 33 itemization of the specific sources of income, including the 3 34 name, address, and description of the source. In lieu of the 3 35 separate itemization of the sources of income under this 4 1 paragraph, the person may attach a copy of the person's 4 2 federal and state tax returns for the year covered by the 4 3 statement. 4 4 Sec. 4. Section 68B.35, Code 1995, is amended by adding 4 5 the following new subsection: 4 6 NEW SUBSECTION. 1A. In a year in which a statewide 4 7 elected official or candidate for statewide office is standing 4 8 for election, the official or candidate shall in addition to 4 9 the financial statement required in subsection 1, disclose the 4 10 following additional information at times and in the manner 4 11 provided in this subsection: 4 12 a. A list of all assets and their corresponding values 4 13 which are held either separately by the official or candidate 4 14 or jointly with a member of the official's or candidate's 4 15 immediate family. The assets and their values listed pursuant 4 16 to this paragraph may be listed under any of the following 4 17 categories, or any other categories as may be established by 4 18 rule: 4 19 (1) Cash held in any checking or savings accounts. 4 20 (2) Stocks, bonds, or other securities. 4 21 (3) Life insurance policies held, including any cash, 4 22 dividend, or surrender values. 4 23 (4) Commercial real estate holdings or ownership 4 24 interests. 4 25 (5) Residential real estate holdings or ownership 4 26 interests. 4 27 (6) Personal property. 4 28 The values reported for any commercial or residential real 4 29 estate held shall be the adjusted values used for the 4 30 assessment of property tax on the property. 4 31 b. A list of all liabilities and their corresponding 4 32 values which are owed either separately by the official or 4 33 candidate or jointly with a member of the official's or 4 34 candidate's immediate family. The liabilities and their 4 35 values listed pursuant to this paragraph may be listed under 5 1 any of the following categories, or any other categories as 5 2 may be established by rule: 5 3 (1) Personal unsecured loans. 5 4 (2) Secured loans. 5 5 (3) Mortgages on commercial or residential real estate. 5 6 (4) Liens against real estate. 5 7 (5) Outstanding judgments. 5 8 If a loan or mortgage is secured by a particular piece of 5 9 property or a lien is against a particular piece of property, 5 10 the property obligated shall also be listed together with the 5 11 amount owed. 5 12 Sec. 5. Section 68B.35, subsection 2, Code 1995, is 5 13 amended by striking the subsection and inserting in lieu 5 14 thereof the following: 5 15 2. a. A person who is an executive or administrative head 5 16 of an agency of state government, a deputy executive or 5 17 administrative head of an agency of state government, or a 5 18 head of a major subunit of an agency or independent state 5 19 agency whose position involves a substantial exercise of 5 20 administrative discretion or the expenditure of public funds 5 21 as defined under rules adopted by the board, pursuant to 5 22 chapter 17A, in consultation with the agency, shall file a 5 23 financial statement at times and in the manner provided in 5 24 this section that contains all the information required in 5 25 subsection 1, paragraphs "a" and "b", as well as an 5 26 itemization as required in subsection 1, paragraph "c". 5 27 b. Members of the banking board, the credit union review 5 28 board, the economic development board, the employment appeal 5 29 board, the environmental protection commission, the ethics and 5 30 campaign disclosure board, the health facilities council, the 5 31 Iowa business investment corporation board of directors, the 5 32 Iowa finance authority, the Iowa product development 5 33 corporation, the Iowa public employees' retirement system 5 34 investment board, the lottery board, the natural resource 5 35 commission, the board of parole, the petroleum underground 6 1 storage tank fund board, the public employment relations 6 2 board, the state racing and gaming commission, the state board 6 3 of regents, the tax review board, the transportation 6 4 commission, the office of consumer advocate, the utilities 6 5 board, and any full-time members of other boards and 6 6 commissions and defined under section 7E.4 who receive an 6 7 annual salary for their service on the board or commission, 6 8 shall file a financial statement at times and in the manner 6 9 provided in this section that contains all the information 6 10 required in subsection 1, paragraphs "a" and "b". 6 11 c. Members of the general assembly, candidates for the 6 12 general assembly, and legislative employees who are the head 6 13 or deputy head of a legislative agency or whose position 6 14 involves a substantial exercise of administrative discretion 6 15 or the expenditure of public funds shall file a financial 6 16 statement at times and in the manner provided in this section 6 17 that contains all the information required in subsection 1, 6 18 paragraphs "a" and "b". 6 19 Sec. 6. Section 68B.37, subsection 1, Code 1995, is 6 20 amended by adding the following new paragraph: 6 21 NEW PARAGRAPH. e. An accounting of all salaries, fees, 6 22 and retainers paid to the lobbyist by the client for purposes 6 23 of making contacts with regard to the formulation, 6 24 modification, adoption, administration, or execution of 6 25 legislation, a state law, a rule, agency action as defined 6 26 under section 17A.2, an executive order, or an official 6 27 position. 6 28 EXPLANATION 6 29 This bill establishes limits on total contributions that 6 30 may be made by individuals and political action committees to 6 31 a candidate during an election. Individuals are limited to 6 32 total contributions of $1,000 per election. Political action 6 33 committees, which are defined as political committees other 6 34 than state or county statutory political committees or 6 35 national political parties, are limited to total contributions 7 1 of $5,000 per election. In addition, candidates are not 7 2 permitted to receive more than one-third of the amount of 7 3 contributions received in a reporting period from political 7 4 action committees. If a candidate receives excess political 7 5 action committee contributions during a reporting period, the 7 6 candidate is to return the moneys to the political action 7 7 committee. Primary and general elections are treated as 7 8 separate elections. Contributions made by a parent or 7 9 subsidiary of a political action committee are treated as made 7 10 by the political action committee. 7 11 The definition of the term "lobbyist" is partially stricken 7 12 and that portion rewritten to apply to persons who receive 7 13 compensation for their activities, to agency liaisons, and to 7 14 designated representatives of certain organizations. The 7 15 activities which are covered include more than the direct 7 16 encouragement of the passage, defeat, approval, veto, or 7 17 modification of legislation, a rule, or an executive order by 7 18 the members of the general assembly, a state agency, or any 7 19 statewide elected official. Activities covered include direct 7 20 contact and efforts in support of contacting a legislator, 7 21 state agency employees, the governor's office, or the office 7 22 of any statewide elected official with regard to the 7 23 formulation, modification, adoption, administration, or 7 24 execution of legislation, a state law, a rule, agency action, 7 25 an executive order, or an official position. 7 26 Personal financial disclosure requirements, found in 7 27 section 68B.35, are changed to delete the annual $1,000 7 28 threshold and to require, for statewide elected officials and 7 29 statewide candidates, executive branch agency heads, deputy 7 30 executive branch agency heads, and persons within executive 7 31 branch agencies who exercise substantial administrative 7 32 discretion, to file an itemization of the specific sources of 7 33 income, including the name, address, and description of the 7 34 source. A tax return may be filed in lieu of the itemization. 7 35 Legislators, legislative candidates, legislative employees, 8 1 and certain enumerated board and commission members, who do 8 2 have to file the personal financial disclosure statements, do 8 3 not have to file the itemization or their tax returns. 8 4 Additionally, in any year in which a statewide elected 8 5 official or candidate for statewide office stands for 8 6 election, the official or candidate must file, in addition to 8 7 the regular financial disclosure statement, a financial 8 8 statement listing all assets and liabilities held by the 8 9 official or candidate and members of the official's or 8 10 candidate's immediate family. 8 11 A provision is added to the lobbyist reporting section 8 12 which requires an accounting of all salaries, fees, and 8 13 retainers paid to the lobbyist by each of their clients. 8 14 Clients are currently reporting this information. 8 15 LSB 1589XL 76 8 16 lh/sc/14.2
Text: HSB00298 Text: HSB00300 Text: HSB00200 - HSB00299 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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