House File 27 - Introduced HOUSE FILE 27 BY HUNTER A BILL FOR An Act relating to campaign finance by establishing a 1 voter-owned Iowa clean elections Act and fund, providing 2 for funding from specified sources, including an income 3 tax checkoff, providing an income tax exemption for 4 contributions made to the fund, providing penalties, and 5 including effective date provisions. 6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 7 TLSB 1272YH (4) 86 aw/sc

H.F. 27 Section 1. Section 68A.603, Code 2015, is amended to read 1 as follows: 2 68A.603 Rules promulgated. 3 The ethics and campaign disclosure board shall administer 4 the provisions of sections 68A.601 through 68A.609 , 68A.602, 5 and 68A.604 through 68A.610 and shall promulgate all necessary 6 rules in accordance with chapter 17A . 7 Sec. 2. NEW SECTION . 68A.610 Checkoff —— income tax —— 8 voter-owned Iowa clean elections. 9 A person whose state income tax liability for any taxable 10 year is five dollars or more may direct that five dollars 11 of that liability be paid over to the voter-owned Iowa 12 clean elections fund, as established in section 68A.823, 13 when submitting the person’s state income tax return to the 14 department of revenue. In the case of a joint return of 15 husband and wife having a state income tax liability of ten 16 dollars or more, each spouse may direct that five dollars 17 be paid to the fund. The director of revenue shall provide 18 space for the voter-owned Iowa clean elections fund income 19 tax checkoff on the income tax form. An explanation shall 20 be included which clearly states that the checkoff does not 21 constitute an additional tax liability. The action taken by a 22 person for the checkoff is irrevocable. 23 Sec. 3. NEW SECTION . 68A.801 Definitions. 24 For the purposes of this subchapter, unless the context 25 otherwise requires: 26 1. “Allowable contribution” means a qualifying contribution 27 or a seed money contribution. 28 2. “Board” means the Iowa ethics and campaign disclosure 29 board established under section 68B.32. 30 3. “Clean election campaign qualifying period” means the 31 period during which candidates are permitted to collect 32 qualifying contributions in order to qualify for clean election 33 campaign funding. The period begins ninety days before the 34 beginning of the primary election campaign period and ends 35 -1- LSB 1272YH (4) 86 aw/sc 1/ 29

H.F. 27 thirty days before the beginning of the primary election 1 campaign period. 2 4. “Coordination” means a payment made for a communication 3 or anything of value that is for the purpose of influencing the 4 outcome of an election and that is made by a person according 5 to at least one of the following: 6 a. In cooperation, consultation, or concert with, at 7 the request or suggestion of, or pursuant to, a particular 8 understanding with a candidate, a candidate’s committee, or an 9 agent acting on behalf of a candidate or candidate’s committee. 10 b. For the dissemination, distribution, or republication, 11 in whole or in part, of any broadcast or any written, graphic, 12 or other form of campaign material prepared by a candidate, 13 a candidate’s committee, or an agent of a candidate or 14 candidate’s committee. 15 c. Based on specific information about the candidate’s 16 plans, projects, or needs provided to the person making the 17 payment by the candidate or the candidate’s agent who provides 18 the information with a view toward having the payment made. 19 d. If in the same election cycle in which the payment is 20 made, the person making the payment is serving or has served as 21 a member, employee, fund-raiser, or agent of the candidate or 22 candidate’s committee in an executive or policymaking position. 23 e. If the person making the payment has served in any formal 24 policy or advisory position with the candidate’s campaign or 25 has participated in strategic or policymaking discussions with 26 the candidate’s campaign relating to the candidate’s pursuit of 27 nomination for election, or election, to office, in the same 28 election cycle as the election cycle in which the payment is 29 made. 30 f. If the person making the payment retains the professional 31 services of an individual or person who, in a nonministerial 32 capacity, has provided or is providing campaign-related 33 services in the same election cycle to a candidate who 34 is pursuing the same nomination or election as any of the 35 -2- LSB 1272YH (4) 86 aw/sc 2/ 29

H.F. 27 candidates to whom the communication refers. For purposes 1 of this section, “professional services” includes services in 2 support of a candidate’s pursuit of nomination for election or 3 election to office such as polling, media advice, direct mail, 4 fund-raising, or campaign research services. 5 5. “Electioneering communication” means any communication 6 that refers to a clearly identified candidate for elected 7 public office if the communication has the effect of 8 encouraging or discouraging a vote for the candidate, 9 regardless of whether the communication expressly advocates a 10 vote for or against the candidate. 11 6. “Excess expenditure amount” means the amount of 12 money spent or obligated to be spent by a nonparticipating 13 candidate in excess of the clean money amount available to a 14 participating candidate running for the same office. 15 7. “Express advocacy” means the same as defined in section 16 68A.102. 17 8. “General election campaign period” means the period 18 beginning the day after the primary election and ending on the 19 day of the general election. 20 9. “Independent candidate” means a candidate who does not 21 represent a political party as defined by section 43.2. 22 10. “Independent expenditure” means an expenditure made 23 by a person or group of persons other than a candidate or 24 candidate’s committee that meets both of the following 25 conditions: 26 a. The expenditure is made for a communication that contains 27 express advocacy. 28 b. The expenditure is made without the participation or 29 cooperation of and without coordination with a candidate or a 30 candidate’s committee. 31 11. “Nonparticipating candidate” means a candidate who is 32 on the ballot but has chosen not to apply for clean election 33 campaign funding or a candidate who is on the ballot and 34 has applied for but has not satisfied the requirements for 35 -3- LSB 1272YH (4) 86 aw/sc 3/ 29

H.F. 27 receiving clean election campaign funding. 1 12. “Participating candidate” means a candidate who 2 qualifies for clean election campaign funding. Such candidates 3 are eligible to receive clean election campaign funding during 4 primary or general election campaign periods. 5 13. “Party candidate” means a candidate who represents a 6 political party as defined by section 43.2. 7 14. “Primary election campaign period” means the period 8 beginning ninety days before the primary election and ending on 9 the day of the primary election. 10 15. “Qualifying contribution” means a contribution of five 11 dollars or more that is received during the designated clean 12 election campaign qualifying period by a candidate seeking to 13 become eligible for clean election campaign funding and that is 14 acknowledged by a written receipt identifying the contributor. 15 However, if the annual median household income of a legislative 16 district is at or below one hundred percent of the most recent 17 federal poverty guideline based on United States census bureau 18 data, the qualifying contribution is one dollar. 19 16. “Seed money contribution” means a contribution of no 20 more than one hundred dollars made by an individual person who 21 is at least eighteen years of age during the seed money period, 22 but specifically excludes all of the following: 23 a. Payments by a membership organization for the costs of 24 communications to its members. 25 b. Payments by a membership organization for the purpose of 26 facilitating the making of qualifying contributions. 27 c. The cash value of volunteer activity, including the 28 payment of incidental expenses of volunteers. 29 17. “Seed money period” means the period beginning the 30 day following the previous general election for that office 31 and ending on the last day of the clean election campaign 32 qualifying period. The “seed money period” is the exploratory 33 period during which candidates who wish to become eligible 34 for clean election campaign funding for the next elections 35 -4- LSB 1272YH (4) 86 aw/sc 4/ 29

H.F. 27 are permitted to raise and spend a limited amount of private 1 seed money, from contributions of up to one hundred dollars 2 per individual, for the purpose of determining whether to 3 become a candidate and fulfilling the clean election campaign 4 eligibility requirements. 5 Sec. 4. NEW SECTION . 68A.802 Eligibility for party 6 candidates. 7 1. A party candidate qualifies as a participating candidate 8 for the primary election campaign period if the candidate does 9 both of the following: 10 a. The candidate files a declaration with the board that 11 the candidate has complied and will comply with all of the 12 requirements of this subchapter, including the requirement 13 that during the seed money period and the clean election 14 campaign qualifying period the candidate not accept or 15 spend private contributions from any source other than seed 16 money contributions and clean election campaign qualifying 17 contributions, unless the provisions of section 68A.804 apply. 18 b. The candidate meets both of the following qualifying 19 contribution requirements before the close of the clean 20 election campaign qualifying period: 21 (1) A party candidate must collect both qualifying 22 contributions and signatures as follows: 23 (a) For the office of governor, from five hundred eligible 24 electors in each congressional district. 25 (b) For statewide office other than governor, from two 26 hundred fifty eligible electors in each congressional district. 27 (c) For the Iowa senate, from two hundred eligible electors 28 in the senate candidate’s electoral district. 29 (d) For the Iowa house of representatives, from one hundred 30 eligible electors in the house candidate’s electoral district. 31 (2) Each qualifying contribution must meet all requirements 32 of this section. 33 2. Contributors shall be eligible electors who reside 34 within the candidate’s electoral district and who are therefore 35 -5- LSB 1272YH (4) 86 aw/sc 5/ 29

H.F. 27 eligible to vote for that candidate. 1 3. Qualifying contributions shall be: 2 a. Made in cash, check, money order, or credit or debit 3 card. 4 b. Gathered by the candidate personally or by volunteers who 5 do not receive compensation. 6 c. Acknowledged by a receipt to the contributor, with 7 a copy to be kept by the candidate and a third copy to be 8 submitted to the board. The receipt shall include a signed 9 statement that the contributor understands that the purpose of 10 the contribution is to help the candidate qualify for clean 11 election campaign funding and that the contribution is made 12 without coercion or reimbursement. The receipt shall include 13 the contributor’s signature, printed name, home address, and 14 telephone number, and the name of the candidate on whose behalf 15 the contribution is made. 16 d. Paid over to the board for deposit in the voter-owned 17 Iowa clean elections fund established under section 68A.823, 18 with the signed and completed receipt, according to a schedule 19 and procedure to be determined by the board. A contribution 20 submitted as a qualifying contribution that does not include 21 the signed and completed receipt shall not be counted as a 22 qualifying contribution. 23 4. A party candidate qualifies as a participating candidate 24 for the general election campaign period when the candidate 25 does both of the following: 26 a. The candidate has met all of the applicable requirements 27 of this subchapter and filed a declaration with the board 28 that the candidate has fulfilled and will fulfill all of the 29 requirements of a participating candidate as stated in this 30 subchapter. 31 b. As a participating candidate during the primary election 32 campaign period, the candidate had the highest number of votes 33 of the candidates contesting the primary election from the 34 candidate’s respective party and won the party’s nomination. 35 -6- LSB 1272YH (4) 86 aw/sc 6/ 29

H.F. 27 Sec. 5. NEW SECTION . 68A.803 Eligibility for independent 1 candidates. 2 1. An independent candidate qualifies as a participating 3 candidate for the primary election campaign period if the 4 candidate does both of the following: 5 a. The candidate files a declaration with the board that 6 the candidate has complied and will comply with all of the 7 requirements of this subchapter, including the requirement 8 that during the seed money period and the clean election 9 campaign qualifying period the candidate not accept or 10 spend private contributions from any source other than seed 11 money contributions and clean election campaign qualifying 12 contributions, unless the provisions of section 68A.804 apply. 13 b. The candidate meets the following qualifying contribution 14 requirements before the close of the clean election campaign 15 qualifying period: 16 (1) An independent candidate shall collect the same number 17 of qualifying contributions as required of a party candidate 18 for the same office under section 68A.802. 19 (2) Each qualifying contribution must meet all requirements 20 of this section. 21 2. Contributors shall be registered voters who reside 22 within the candidate’s electoral district and who are therefore 23 eligible to vote for that candidate. 24 3. Qualifying contributions shall be: 25 a. Made in cash, check, money order, or credit or debit 26 card. 27 b. Gathered by the candidate personally or by volunteers who 28 do not receive compensation. 29 c. Acknowledged by a receipt to the contributor, with 30 a copy to be kept by the candidate and a third copy to be 31 submitted to the board. The receipt shall include a signed 32 statement that the contributor understands that the purpose of 33 the contribution is to help the candidate qualify for clean 34 election campaign funding and that the contribution is made 35 -7- LSB 1272YH (4) 86 aw/sc 7/ 29

H.F. 27 without coercion or reimbursement. The receipt shall include 1 the contributor’s signature, printed name, home address, and 2 telephone number, and the name of the candidate on whose behalf 3 the contribution is made. 4 d. Paid over to the board for deposit in the voter-owned 5 Iowa clean elections fund established under section 68A.823, 6 with the signed and completed receipt, according to a schedule 7 and procedure to be determined by the board. A contribution 8 submitted as a qualifying contribution that does not include 9 the signed and completed receipt shall not be counted as a 10 qualifying contribution. 11 4. An independent candidate qualifies as a participating 12 candidate for the general election campaign period when the 13 candidate does both of the following: 14 a. If, prior to the primary election, the candidate has met 15 all of the applicable requirements of this subchapter and filed 16 a declaration with the board that the candidate has fulfilled 17 and will fulfill all of the requirements of a participating 18 candidate as stated in this subchapter. 19 b. If, during the primary election campaign period, the 20 candidate has fulfilled all the requirements of a participating 21 candidate as stated in this subchapter. 22 Sec. 6. NEW SECTION . 68A.804 Transition rule for current 23 election cycle. 24 During the election cycle in effect on the date of enactment 25 of this Act, a candidate may be certified as a participating 26 candidate, notwithstanding the acceptance of contributions 27 or making of expenditures from private funds before the date 28 of enactment of this Act that would, absent this section, 29 disqualify the candidate as a participating candidate, provided 30 that any private funds accepted but not expended before the 31 date of enactment of this Act shall either be returned to 32 the contributor or submitted to the board for deposit in the 33 voter-owned Iowa clean elections fund established under section 34 68A.823. 35 -8- LSB 1272YH (4) 86 aw/sc 8/ 29

H.F. 27 Sec. 7. NEW SECTION . 68A.805 Continuing obligation to 1 comply. 2 A participating candidate who accepts any benefits under 3 section 68A.813 during the primary election campaign period 4 shall comply with all the requirements of this subchapter 5 through any remaining time during the primary election campaign 6 period as well as through the general election campaign period 7 whether or not the candidate continues to accept benefits. 8 Sec. 8. NEW SECTION . 68A.806 Contributions and 9 expenditures. 10 1. During the primary and general election campaign 11 periods, a participating candidate who has voluntarily agreed 12 to participate in clean election campaign financing shall not 13 accept private contributions from any source other than the 14 candidate’s political party, as specified in section 68A.808. 15 2. A person shall not make a contribution in violation 16 of section 68A.502. A participating candidate who receives 17 a qualifying contribution or a seed money contribution that 18 is not from the person listed on the receipt as required by 19 this subchapter shall pay to the board for deposit in the 20 voter-owned Iowa clean elections fund established under section 21 68A.823 the entire amount of such contribution. 22 3. The board shall issue each participating candidate a 23 card known as the “clean election campaign debit card”, and a 24 line of debit entitling the candidate to draw clean election 25 campaign funds to pay for all campaign costs and expenses up to 26 the amount of funding the candidate has received. During the 27 primary and general election campaign periods, a participating 28 candidate shall pay by means of the board’s clean election 29 campaign debit card. A participating candidate shall not pay 30 campaign costs by cash, check, money order, loan, or by any 31 other financial means other than the clean election campaign 32 debit card. 33 4. Eligible candidates shall furnish complete campaign 34 records, including all records of seed money contributions and 35 -9- LSB 1272YH (4) 86 aw/sc 9/ 29

H.F. 27 qualifying contributions, to the board at regular filing times, 1 or on request by the board. Candidates shall cooperate with 2 any audit or examination conducted or ordered by the board. 3 Sec. 9. NEW SECTION . 68A.807 Nonparticipating candidates 4 —— contribution limits. 5 Nonparticipating candidates shall be subject to the 6 following contribution limits: 7 1. Candidates for statewide office: 8 a. One thousand dollars in the aggregate per individual 9 contribution. 10 b. Five thousand dollars in the aggregate per political 11 committee contribution. 12 2. Candidates for the Iowa senate and house of 13 representatives: 14 a. Five hundred dollars in the aggregate per individual 15 contribution. 16 b. One thousand dollars in the aggregate per political 17 committee contribution. 18 Sec. 10. NEW SECTION . 68A.808 Political party contributions 19 and expenditures. 20 1. Participating candidates may accept monetary or in-kind 21 contributions from political parties provided that the 22 aggregate amount of such contributions from all political party 23 committees combined does not exceed the equivalent of five 24 percent of the clean election campaign financing amount for 25 that office. 26 2. In-kind contributions made during a general election 27 campaign period on behalf of a group of the party’s candidates 28 shall not be considered a prohibited party contribution or 29 count against the five percent limit established in subsection 30 1 if such group includes at least fifty-one percent of the 31 candidates whose names will appear on the general election 32 ballot in the political subdivision represented by the party 33 committee making such in-kind contributions. 34 3. Contributions made to, and expenditures made by, 35 -10- LSB 1272YH (4) 86 aw/sc 10/ 29

H.F. 27 political parties during primary and general campaign 1 periods shall be reported to the board on the same basis as 2 contributions and expenditures made to or by candidates. 3 4. This section and this subchapter shall not prevent 4 political party funds from being used for any of the following: 5 a. General operating expenses of the party. 6 b. Conventions. 7 c. Nominating and endorsing candidates. 8 d. Identifying, researching, and developing the party’s 9 positions on issues. 10 e. Party platform activities. 11 f. Noncandidate-specific voter registration drives. 12 g. Noncandidate-specific get-out-the-vote drives. 13 h. Travel expenses for noncandidate party leaders and staff. 14 i. Other noncandidate-specific party-building activities, 15 as defined by rule of the board. 16 j. Employing a staff person to provide election services to 17 two or more candidates. 18 Sec. 11. NEW SECTION . 68A.809 Use of personal funds. 19 1. Personal funds contributed as seed money by a candidate 20 seeking to become eligible as a participating candidate or by 21 the candidate’s spouse shall not exceed one hundred dollars per 22 contributor. 23 2. Personal funds shall not be used to meet the qualifying 24 contribution requirement except for one five-dollar 25 contribution from the candidate and one five-dollar 26 contribution from the candidate’s spouse. 27 Sec. 12. NEW SECTION . 68A.810 Seed money. 28 1. The only private contributions a candidate seeking 29 to become eligible for clean election campaign funding shall 30 accept, other than qualifying contributions, are seed money 31 contributions contributed by individual persons who are at 32 least eighteen years of age prior to the end of the clean 33 election campaign qualifying period. 34 2. A seed money contribution shall not exceed one hundred 35 -11- LSB 1272YH (4) 86 aw/sc 11/ 29

H.F. 27 dollars, and the aggregate amount of seed money contributions 1 accepted by a candidate seeking to become eligible for clean 2 election campaign funding shall not exceed the relevant limit, 3 as follows: 4 a. Twenty-five thousand dollars for a candidate team running 5 for governor and lieutenant governor. 6 b. Fifteen thousand dollars for a candidate running for 7 statewide office other than governor or lieutenant governor. 8 c. Two thousand dollars for a candidate running for the Iowa 9 senate. 10 d. One thousand dollars for a candidate running for the Iowa 11 house of representatives. 12 3. Receipts for seed money contributions shall include 13 the contributor’s signature, printed name, street address and 14 zip code, telephone number, occupation, and name of employer. 15 Contributions shall not be accepted if the required disclosure 16 information is not received. 17 4. Seed money shall be spent only during the clean election 18 campaign qualifying period. Seed money shall not be spent 19 during the primary or general election campaign periods. 20 5. Within forty-eight hours after the close of the clean 21 election campaign qualifying period, candidates seeking to 22 become eligible for clean election campaign funding shall do 23 both of the following: 24 a. Fully disclose all seed money contributions and 25 expenditures to the board. 26 b. Pay over to the board for deposit in the voter-owned 27 Iowa clean elections fund any seed money the candidate has 28 raised during the designated seed money period that exceeds the 29 aggregate seed money limit. 30 Sec. 13. NEW SECTION . 68A.811 Participation in debates. 31 1. Participating candidates in contested races shall 32 participate in all of the following: 33 a. For the offices of governor and lieutenant governor: 34 (1) One one-hour debate during a contested primary 35 -12- LSB 1272YH (4) 86 aw/sc 12/ 29

H.F. 27 election. 1 (2) Two one-hour debates during a contested general 2 election. 3 b. For all other offices: 4 (1) One one-hour debate during a contested primary 5 election. 6 (2) One one-hour debate during a contested general 7 election. 8 2. Nonparticipating candidates for the same office whose 9 names will appear on the ballot shall be invited to join the 10 debates. 11 Sec. 14. NEW SECTION . 68A.812 Certification. 12 1. No more than five days after a candidate applies for 13 clean election campaign funding benefits, the board shall 14 certify that the candidate is or is not eligible to receive 15 clean election campaign funds. 16 2. The board may revoke a candidate’s eligibility if 17 the board determines that the candidate has violated the 18 requirements of this subchapter, in which case the candidate 19 shall repay all clean election campaign funds received by the 20 candidate. 21 3. The candidate’s request for certification shall be 22 signed by the candidate and the treasurer of the candidate’s 23 committee, both under penalty of perjury. 24 4. The board’s determination is final except that it is 25 subject to examination and audit by an outside agency and to 26 prompt judicial review, in compliance with rules promulgated by 27 the board in accordance with chapter 17A. 28 Sec. 15. NEW SECTION . 68A.813 Benefits provided to 29 candidates eligible to receive clean election campaign funding. 30 1. Candidates who qualify for clean election campaign 31 funding for primary and general elections shall receive all of 32 the following: 33 a. Clean election campaign funding from the board for each 34 election, the amount of which is specified in section 68A.815. 35 -13- LSB 1272YH (4) 86 aw/sc 13/ 29

H.F. 27 This funding may be used to finance any and all campaign 1 expenses during the particular campaign period for which it is 2 received. 3 b. Additional clean election campaign funding to match 4 any excess expenditure amount spent by a nonparticipating 5 candidate, as specified in section 68A.817. 6 c. Additional clean election campaign funding to match any 7 independent expenditure made in opposition to their candidacies 8 or on behalf of their opponents’ candidacies, as specified in 9 section 68A.819. 10 d. Additional clean election campaign funding to match 11 any electioneering communication expenditure, as specified in 12 section 68A.820. 13 2. The maximum aggregate amount of additional funding above 14 the initial allocation determined under section 68A.815 that 15 a participating candidate shall receive to match independent 16 expenditures, the excess expenditures of nonparticipating 17 candidates, and electioneering communication expenditures shall 18 be two hundred percent of the full amount of clean election 19 campaign funding allocated to a participating candidate for a 20 particular primary or general election campaign period. 21 Sec. 16. NEW SECTION . 68A.814 Schedule of clean election 22 campaign funding payments. 23 1. An eligible candidate shall receive clean election 24 campaign funding for the primary election campaign period 25 on the date on which the board certifies the candidate as a 26 participating candidate. This certification shall take place 27 no later than five days after the candidate has submitted the 28 required number of qualifying contributions and a declaration 29 stating that the candidate has complied with all other 30 requirements for eligibility as a participating candidate, but 31 no earlier than the beginning of the primary election campaign 32 period. 33 2. An eligible candidate shall receive clean election 34 campaign funding for the general election campaign period 35 -14- LSB 1272YH (4) 86 aw/sc 14/ 29

H.F. 27 within forty-eight hours after certification of the primary 1 election results. 2 Sec. 17. NEW SECTION . 68A.815 Determination of clean 3 election campaign funding amounts. 4 1. a. For party candidates, the amount of clean election 5 campaign funding for a contested primary election is as 6 follows: 7 (1) Seven hundred fifty thousand dollars for a candidate 8 team running for governor and lieutenant governor. 9 (2) Seventy-five thousand dollars for a candidate for 10 statewide office other than governor and lieutenant governor. 11 (3) Twenty-two thousand five hundred dollars for a 12 candidate running for the Iowa senate. 13 (4) Fifteen thousand dollars for a candidate running for the 14 Iowa house of representatives. 15 b. The clean election campaign funding amount for an 16 eligible party candidate in an uncontested primary election 17 is twenty-five percent of the amount provided in a contested 18 primary election. 19 c. In a contested general election, if an eligible party 20 candidate or all of the candidates of the candidate’s party 21 combined received at least twenty percent of the total number 22 of votes cast for all candidates seeking that office in 23 the most recent primary election or in the previous general 24 election, the candidate shall receive the full amount of clean 25 election campaign funding for the general election, as follows: 26 (1) Three million dollars for a candidate team running for 27 governor and lieutenant governor. 28 (2) Two hundred thousand dollars for a candidate for 29 statewide office other than governor and lieutenant governor. 30 (3) Forty thousand dollars for a candidate running for the 31 Iowa senate. 32 (4) Thirty thousand dollars for a candidate running for the 33 Iowa house of representatives. 34 d. The clean election campaign funding amount for an 35 -15- LSB 1272YH (4) 86 aw/sc 15/ 29

H.F. 27 eligible party candidate in an uncontested general election 1 is ten percent of the amount provided in a contested general 2 election for the same office. 3 2. a. For eligible independent candidates, the clean 4 election campaign funding amount for the primary election 5 campaign period is twenty-five percent of the amount of clean 6 election campaign funding received by a party candidate in a 7 contested primary election for the same office. 8 b. The clean election campaign funding amount for an 9 eligible independent candidate in the general election is the 10 same as the full amount received by a party candidate in the 11 general election for the same office. 12 c. After the first cycle of clean election campaign 13 financing elections, the board shall modify all clean election 14 campaign funding amounts based on the percentage increase in 15 the consumer price index, for all urban consumers, United 16 States city average, as published in the federal register 17 by the United States department of labor, bureau of labor 18 statistics, that reflects the percentage increase in the 19 consumer price index for the twelve-month period ending 20 December 31 of the previous year. 21 Sec. 18. NEW SECTION . 68A.816 Expenditures made with clean 22 election campaign funds. 23 1. The clean election campaign funding received by a 24 participating candidate shall be used only for the purpose of 25 defraying that candidate’s campaign-related expenses during 26 the particular election campaign period for which the clean 27 election campaign funding was received. 28 2. Payments shall not be used for the following: 29 a. Payments that are in violation of the law. 30 b. Payments that repay any personal, family, or business 31 loans, expenditures, or debts. 32 Sec. 19. NEW SECTION . 68A.817 Disclosure of excess spending 33 by nonparticipating candidates. 34 1. If a nonparticipating candidate’s total expenditures 35 -16- LSB 1272YH (4) 86 aw/sc 16/ 29

H.F. 27 exceed the amount of clean election campaign funding allocated 1 to the candidate’s clean election campaign opponent, the 2 candidate shall declare to the board within forty-eight hours 3 every excess expenditure amount that, in the aggregate, is more 4 than one thousand dollars. 5 2. During the last twenty days before the end of the 6 relevant campaign period, a nonparticipating candidate shall 7 declare to the board each excess expenditure amount over 8 five hundred dollars within twenty-four hours of when the 9 expenditure is made or obligated to be made. 10 3. The board may make its own determination as to whether 11 excess expenditures have been made by nonparticipating 12 candidates. 13 4. Upon receiving an excess expenditure declaration, the 14 board shall immediately release additional clean election 15 campaign funding to the opposing participating candidate 16 or candidates equal to the excess expenditure amount the 17 nonparticipating candidate has spent or intends to spend, 18 subject to the limit set forth in section 68A.813. 19 Sec. 20. NEW SECTION . 68A.818 Campaign advertisements. 20 All broadcast and print advertisements placed by candidates 21 or candidate’s committees shall, in addition to the 22 requirements of section 68A.405, include a clear written or 23 spoken statement indicating that the candidate has approved of 24 the contents of the advertisement. 25 Sec. 21. NEW SECTION . 68A.819 Disclosure of independent 26 expenditures —— additional clean election campaign funding. 27 1. Any person or group of persons who makes or obligates 28 to make an independent expenditure during a primary or general 29 election campaign period which, in the aggregate, exceeds one 30 thousand dollars, shall report each expenditure within forty- 31 eight hours to the board. 32 2. The report to the board shall include a statement, 33 under penalty of perjury, by the person or persons making 34 the independent expenditure identifying the candidate the 35 -17- LSB 1272YH (4) 86 aw/sc 17/ 29

H.F. 27 independent expenditure is intended to help elect or defeat 1 and affirming that the expenditure is totally independent and 2 involves no coordination with a candidate or a political party. 3 a. An individual or organization may file a complaint with 4 the board if the candidate or the organization believes that 5 the statement according to this subsection is false. 6 b. A hearing on a complaint under this subsection shall be 7 held within three business days of filing and a decision issued 8 within seven days of filing. 9 3. Any person or group of persons who makes or obligates 10 to make an independent expenditure during the last twenty days 11 before the end of the relevant campaign period which, in the 12 aggregate, exceeds five hundred dollars, shall report each 13 expenditure within twenty-four hours to the board. 14 4. Upon receiving a report that an independent expenditure 15 has been made or obligated to be made, the board shall 16 immediately release additional clean election campaign funding, 17 equal in amount to the cost of the independent expenditure, to 18 all participating candidates the independent expenditure is 19 intended to oppose or defeat, subject to the limit set forth 20 in section 68A.813. 21 Sec. 22. NEW SECTION . 68A.820 Electioneering communications 22 —— disclosure —— additional clean election campaign funding. 23 1. A person who makes or obligates to make a disbursement to 24 purchase an electioneering communication shall file a report 25 with the board not later than forty-eight hours after making or 26 obligating to make the disbursement, containing the following 27 information: 28 a. The amount of the disbursement. 29 b. The name and address of the person making the 30 disbursement. 31 c. The purpose of the electioneering communication. 32 2. Upon receiving a report that an electioneering 33 communication has been made or obligated to be made, and 34 upon determination that the electioneering communication can 35 -18- LSB 1272YH (4) 86 aw/sc 18/ 29

H.F. 27 reasonably be interpreted as having the effect of promoting 1 the defeat of a participating candidate or the election 2 of that candidate’s opponent, the board shall immediately 3 release to that candidate additional clean election campaign 4 funding, equal in amount to the cost of the electioneering 5 communication, subject to the limit set forth in section 6 68A.813. 7 Sec. 23. NEW SECTION . 68A.821 Voter information program. 8 1. The board shall establish and administer a nonpartisan 9 voter information program, including an advisory council 10 consisting of representatives of nonprofit organizations, 11 political parties, the media, and interested citizens. 12 2. The voter information program advisory council may 13 establish a voter information program for the purpose of 14 providing voters with election-related information and 15 fostering political dialogue and debate. 16 3. The voter information program advisory council 17 shall organize the publication and distribution of a voter 18 information guide that includes important information about the 19 following issues: 20 a. Candidates appearing on the ballot, including 21 biographical material submitted by the candidates. 22 b. Whether candidates are funding their campaigns with 23 public money or private money. 24 c. Policy statements by the candidates or their political 25 parties on issues designated by the council and other issues. 26 d. Candidates’ voting records. 27 Sec. 24. NEW SECTION . 68A.822 Debates. 28 1. A nonpartisan organization that is involved in 29 providing information to the public concerning elections, or a 30 nonpartisan organization that has been involved in education 31 and the advocacy of open, clean election and campaign laws for 32 at least five years, may host and sponsor voter-owned Iowa 33 clean election candidate debates in contested primary and 34 general elections. 35 -19- LSB 1272YH (4) 86 aw/sc 19/ 29

H.F. 27 2. All participating candidates shall participate in the 1 debates and all nonparticipating candidates for the same office 2 whose names will appear on the ballot shall be invited to join 3 the debates. 4 Sec. 25. NEW SECTION . 68A.823 Voter-owned Iowa clean 5 elections fund (VOICE) —— nature and purposes. 6 1. A voter-owned Iowa clean elections fund is established as 7 a separate fund within the office of the state treasurer, under 8 the control of the board, for the following purposes: 9 a. Providing public financing for the election campaigns of 10 certified participating candidates during primary election and 11 general election campaign periods. 12 b. Paying for the administrative and enforcement costs of 13 the board in relation to this subchapter. 14 2. The fund shall consist of moneys received pursuant to 15 section 68A.824. Notwithstanding section 8.33, unencumbered 16 or unobligated moneys and any interest earned on moneys in the 17 fund on June 30 of any fiscal year shall not revert to the 18 general fund of the state but shall remain in the fund and be 19 available for expenditure in subsequent years. 20 Sec. 26. NEW SECTION . 68A.824 Funding. 21 In addition to any moneys appropriated by the general 22 assembly to the voter-owned Iowa clean elections fund 23 established in section 68A.823, the following moneys shall be 24 deposited in the fund: 25 1. The qualifying contributions required of candidates 26 seeking to become certified as participating candidates 27 according to section 68A.802 or 68A.803 and candidates’ excess 28 qualifying contributions. 29 2. Moneys credited to the fund pursuant to sections 68A.610 30 and 556.18. 31 3. The excess seed money contributions of candidates 32 seeking to become certified as participating candidates. 33 4. Moneys distributed to any participating candidate 34 who does not remain a candidate until the primary or general 35 -20- LSB 1272YH (4) 86 aw/sc 20/ 29