S.F. _____ H.F. _____ Section 1. Section 68A.102, subsections 5, 12, and 18, Code 1 2014, are amended to read as follows: 2 5. “Candidate’s committee” means the committee designated 3 by the candidate for a state, county, city, or school office 4 to receive contributions in excess of seven hundred fifty one 5 thousand dollars in the aggregate, expend funds in excess of 6 seven hundred fifty one thousand dollars in the aggregate, or 7 incur indebtedness on behalf of the candidate in excess of 8 seven hundred fifty one thousand dollars in the aggregate in 9 any calendar year. 10 12. “County statutory political committee” means a committee 11 as described in section 43.100 that accepts contributions in 12 excess of seven hundred fifty one thousand dollars in the 13 aggregate, makes expenditures in excess of seven hundred fifty 14 one thousand dollars in the aggregate, or incurs indebtedness 15 in excess of seven hundred fifty one thousand dollars in the 16 aggregate in any one calendar year to expressly advocate the 17 nomination, election, or defeat of a candidate for public 18 office. 19 18. “Political committee” means any of the following: 20 a. A committee, but not a candidate’s committee, that 21 accepts contributions in excess of seven hundred fifty one 22 thousand dollars in the aggregate, makes expenditures in excess 23 of seven hundred fifty one thousand dollars in the aggregate, 24 or incurs indebtedness in excess of seven hundred fifty one 25 thousand dollars in the aggregate in any one calendar year 26 to expressly advocate the nomination, election, or defeat of 27 a candidate for public office, or to expressly advocate the 28 passage or defeat of a ballot issue. 29 b. An association, lodge, society, cooperative, union, 30 fraternity, sorority, educational institution, civic 31 organization, labor organization, religious organization, 32 or professional organization that accepts contributions in 33 excess of seven hundred fifty one thousand dollars in the 34 aggregate, makes expenditures in excess of seven hundred fifty 35 -1- LSB 5326DP (3) 85 aw/sc 1/ 6

S.F. _____ H.F. _____ one thousand dollars in the aggregate, or incurs indebtedness 1 in excess of seven hundred fifty one thousand dollars in the 2 aggregate in any one calendar year to expressly advocate the 3 nomination, election, or defeat of a candidate for public 4 office, or to expressly advocate the passage or defeat of a 5 ballot issue. 6 c. A person, other than an individual, that accepts 7 contributions in excess of seven hundred fifty one thousand 8 dollars in the aggregate, makes expenditures in excess of seven 9 hundred fifty one thousand dollars in the aggregate, or incurs 10 indebtedness in excess of seven hundred fifty one thousand 11 dollars in the aggregate in any one calendar year to expressly 12 advocate that an individual should or should not seek election 13 to a public office prior to the individual becoming a candidate 14 as defined in subsection 4 . 15 Sec. 2. Section 68A.201, subsection 2, paragraph e, Code 16 2014, is amended to read as follows: 17 e. A signed statement by the treasurer of the committee 18 and the candidate, in the case of a candidate’s committee, 19 which shall verify that they are aware of the requirement 20 to file disclosure reports if the committee, the committee 21 officers, the candidate, or both the committee officers and 22 the candidate receive contributions in excess of seven hundred 23 fifty one thousand dollars in the aggregate, make expenditures 24 in excess of seven hundred fifty one thousand dollars in the 25 aggregate, or incur indebtedness in excess of seven hundred 26 fifty one thousand dollars in the aggregate in a calendar year 27 to expressly advocate the nomination, election, or defeat of 28 any candidate for public office. In the case of political 29 committees, statements shall be made by the treasurer of the 30 committee and the chairperson. 31 Sec. 3. Section 68A.202, subsection 1, Code 2014, is amended 32 to read as follows: 33 1. Each candidate for state, county, city, or school 34 office shall organize one, and only one, candidate’s committee 35 -2- LSB 5326DP (3) 85 aw/sc 2/ 6

S.F. _____ H.F. _____ for a specific office sought when the candidate receives 1 contributions in excess of seven hundred fifty one thousand 2 dollars in the aggregate, makes expenditures in excess of seven 3 hundred fifty one thousand dollars in the aggregate, or incurs 4 indebtedness in excess of seven hundred fifty one thousand 5 dollars in the aggregate in a calendar year. 6 Sec. 4. Section 68A.202, subsection 2, paragraph a, Code 7 2014, is amended to read as follows: 8 a. A political committee shall not be established to 9 expressly advocate the nomination, election, or defeat of only 10 one candidate for office. However, a political committee may 11 be established to expressly advocate the passage or defeat of 12 approval of a single judge standing for retention. A permanent 13 organization, as defined in section 68A.402, subsection 9 , may 14 make a one-time contribution to only one candidate for office 15 in excess of seven hundred fifty one thousand dollars. 16 Sec. 5. Section 68A.203, subsection 2, paragraph b, Code 17 2014, is amended to read as follows: 18 b. A person, other than a candidate or committee officer, 19 who receives contributions for a committee shall, not later 20 than fifteen days from the date of receipt of the contributions 21 or on demand of the treasurer, render to the treasurer the 22 contributions and an account of the total of all contributions, 23 including the name and address of each person making a 24 contribution in excess of ten twenty-five dollars, the amount 25 of the contributions, and the date on which the contributions 26 were received. 27 Sec. 6. Section 68A.203, subsection 3, paragraph b, Code 28 2014, is amended to read as follows: 29 b. The name and mailing address of every person making 30 contributions in excess of ten twenty-five dollars, and the 31 date and amount of the contribution. 32 Sec. 7. Section 68A.401, subsection 1, paragraph d, Code 33 2014, is amended to read as follows: 34 d. Any Effective January 1, 2015, any other candidate or 35 -3- LSB 5326DP (3) 85 aw/sc 3/ 6

S.F. _____ H.F. _____ political committee not otherwise required to file a statement 1 or report in an electronic format under this section described 2 in paragraphs “a” through “c” shall file the all statements and 3 reports in either an electronic format as prescribed by rule or 4 by one of the methods specified in section 68A.402, subsection 5 1 by 4:30 p.m. of the day the filing is due according to rules 6 adopted by the board pursuant to chapter 17A . 7 Sec. 8. Section 68A.404, subsection 1, Code 2014, is amended 8 to read as follows: 9 1. As used in this section , “independent expenditure” means 10 one or more expenditures in excess of seven hundred fifty one 11 thousand dollars in the aggregate for a communication that 12 expressly advocates the nomination, election, or defeat of 13 a clearly identified candidate or the passage or defeat of 14 a ballot issue that is made without the prior approval or 15 coordination with a candidate, candidate’s committee, or a 16 ballot issue committee. 17 Sec. 9. Section 68A.404, subsection 4, paragraph a, Code 18 2014, is amended to read as follows: 19 a. An independent expenditure statement shall be filed 20 within forty-eight hours of the making of an independent 21 expenditure in excess of seven hundred fifty one thousand 22 dollars in the aggregate, or within forty-eight hours of 23 disseminating the communication to its intended audience, 24 whichever is earlier. For purposes of this section , an 25 independent expenditure is made when the independent 26 expenditure communication is purchased or ordered regardless of 27 whether or not the person making the independent expenditure 28 has been billed for the cost of the independent expenditure. 29 Sec. 10. Section 68A.501, Code 2014, is amended to read as 30 follows: 31 68A.501 Funds from unknown source —— escheat. 32 The expenditure of funds from an unknown or unidentifiable 33 source received by a candidate or committee is prohibited. 34 Such funds received by a candidate or committee shall escheat 35 -4- LSB 5326DP (3) 85 aw/sc 4/ 6

S.F. _____ H.F. _____ to the state. Any candidate or committee receiving such 1 contributions shall remit such contributions to the board 2 which shall forward it to the treasurer of state for deposit 3 in the general fund of the state. Persons requested to make a 4 contribution at a fundraising event shall be advised that it 5 is illegal to make a contribution in excess of ten twenty-five 6 dollars unless the person making the contribution also provides 7 the person’s name and address. 8 Sec. 11. Section 68B.2, subsection 5, Code 2014, is amended 9 to read as follows: 10 5. “Candidate’s committee” means the committee designated 11 by a candidate for a state, county, city, or school office, as 12 provided under chapter 68A , to receive contributions in excess 13 of seven hundred fifty one thousand dollars in the aggregate, 14 expend funds in excess of seven hundred fifty one thousand 15 dollars in the aggregate, or incur indebtedness on behalf of 16 the candidate in excess of seven hundred fifty one thousand 17 dollars in the aggregate in any calendar year. 18 EXPLANATION 19 The inclusion of this explanation does not constitute agreement with 20 the explanation’s substance by the members of the general assembly. 21 This bill relates to campaign finance by requiring 22 electronic filing of certain statements and reports and 23 by raising the minimum dollar amounts that trigger certain 24 regulations. 25 The bill requires that, beginning January 1, 2015, certain 26 candidate and political committees shall file all statements 27 and reports with the Iowa ethics and campaign disclosure board 28 in an electronic format by 4:30 p.m. of the day the filing is 29 due. 30 The bill also raises the minimum dollar amounts for 31 contributions that trigger certain regulations. The bill 32 requires that a person receiving a contribution render the name 33 and address of each person making a contribution in excess of 34 $25, and makes additional corresponding changes. Current law 35 -5- LSB 5326DP (3) 85 aw/sc 5/ 6

S.F. _____ H.F. _____ limits these requirements to contributions in excess of $10. 1 The bill also changes the definition of “candidate 2 committee”, “county statutory political committee”, and 3 “political committee” by raising the minimum qualifying amounts 4 of contributions, expenditures, or indebtedness to amounts in 5 excess of $1,000. Under current law, the definitions of these 6 terms require contributions, expenditures, or indebtedness 7 in excess of $750. The bill makes additional corresponding 8 changes. 9 Current law provides that certain permanent organizations 10 can make a one-time contribution to one candidate for office in 11 excess of $750. The bill changes that amount to $1,000. 12 Current law further provides that an independent expenditure 13 means one or more expenditures in excess of $750 in the 14 aggregate for a communication expressly advocating the 15 nomination, election, or defeat of a clearly identified 16 candidate or the passage or defeat of a ballot issue that 17 is made without the prior approval or coordination with a 18 candidate, candidate’s committee, or a ballot issue committee. 19 The bill, however, provides that an independent expenditure 20 requires one or more of such expenditures in excess of $1,000 21 in the aggregate. 22 -6- LSB 5326DP (3) 85 aw/sc 6/ 6