Arkansas Senate Bill SB395

Arkansas 2025 Regular Session

• Introduced: 3/5/25
• Refer: 3/5/25
• Failed: 5/5/25

Caption

To Amend Arkansas Law Concerning Statements Of Financial Interest; And Amending A Portion Of Arkansas Law Resulting From Initiated Act 1 Of 1988.

Impact

The proposed changes in SB395 add more stringent requirements for the disclosure of financial information, particularly targeting income exceeding $1,000 and investments over $1,000 as well. The bill mandates that public servants identify their employers and report income sources that surpass predetermined thresholds, encouraging a culture of greater transparency. Additionally, the legislation allows the Arkansas Ethics Commission to conduct investigations based on the financial disclosures submitted, reinforcing accountability within public offices.

Summary

Senate Bill 395 aims to amend current Arkansas laws concerning the statements of financial interest that public servants and candidates must file. This bill specifically updates provisions that were established by Initiated Act 1 of 1988. The amendments focus on clarifying the information required regarding income sources and investments, outlining conditions under which detailed disclosures are necessary to enhance transparency and ethical standards among public officials.

Contention

While supporters of SB395 argue that these amendments will bolster public trust in government by ensuring that officials are held accountable for their financial interests, some opponents may raise concerns about the complexity and potential overreach of these requirements. Critics might argue that the bill could create an excessive burden on public servants with detailed reporting obligations, which may deter qualified individuals from seeking public office due to privacy concerns or administrative challenges.