HF 2276 (LSB 6065YH (2) 89)

HOUSE FILE 2276

BY  JACOBSEN

A BILL FOR

An Act relating to the transfer of campaign funds, and making penalties applicable.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 68A.303, subsection 1, paragraphs b and e, Code 2022, are amended to read as follows:
   b.  Contributions to national, state, or local political party central committees, or to partisan political committees organized to represent persons within the boundaries of a congressional district, but only as reimbursement for goods transferred or services rendered to the candidate’s committee.
   e.  Contributions to another candidate’s committee when the candidate for whom both committees are formed is the same person, but only as reimbursement for goods transferred or services rendered to the candidate’s committee.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill relates to the transfer of campaign funds from a candidate’s committee. The bill prohibits a candidate’s committee from transferring campaign funds to national, state, or local political party central committees, partisan political committees, or a candidate’s committee when the candidate for whom both committees are formed is the same person, except as reimbursement for goods transferred or services rendered to the candidate’s committee.
   By operation of law, a person who violates a provision of the bill is guilty of a serious misdemeanor. A serious misdemeanor is punishable by confinement for no more than one year and a fine of at least $430 but not more than $2,560.