HF 2066 (LSB 5274YH (6) 83)

HOUSE FILE 2066

BY  KAUFMANN, RAECKER, and HUSER

A BILL FOR

An Act relating to information required to be included in campaign finance reports filed by political committees.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 68A.402A, Code 2009, is amended by adding the following new subsection:
   NEW SUBSECTION.  1A.  The total amount of contributions made to the committee in a calendar year that are not required to be reported under section 1, paragraph “b”, shall not exceed two hundred fifty thousand dollars. If contributions exceed the two hundred fifty thousand dollar limit in a calendar year, the committee shall include the name and mailing address of all persons who have made one or more contributions of money to the committee, notwithstanding the provisions of section 1, paragraph “b”.
    Sec. 2.  Section 68A.402A, subsection 2, Code 2009, is amended to read as follows:
   2.  If a report is the first report filed by a committee, the report shall include all information required under subsection 1, and under subsection 1A if applicable, covering the period from the beginning of the committee’s financial activity, even if from a different calendar year, through the end of the current reporting period. If no contributions have been accepted, no disbursements have been made, and no indebtedness has been incurred during that reporting period, the treasurer of the committee shall file a disclosure statement that discloses only the amount of cash on hand at the beginning of the reporting period.
EXPLANATION
   Code section 68A.402A specifies that campaign disclosure reports set out the name and mailing address of each contributor whose contributions exceed a specific amount in the aggregate in a calendar year. That amount differs for each type of election.
   This bill provides that political action committees (PACs) cannot report more than $250,000 in contributions in a calendar year without including the name and mailing address of all donors.