OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa sSB-431 AN ACT CONCERNING REFERENDA, INDEPENDENT EXPENDITURES AND CERTAIN OTHER POLITICAL SPENDING. As Amended by Senate "A" (LCO 6340) House Calendar No.: 557 Senate Calendar No.: 329 Primary Analyst: LG 5/4/22 Contributing Analyst(s): OFA Fiscal Note State Impact: None Municipal Impact: None Explanation This bill, which makes various changes to laws affecting campaign finance and elections, is not anticipated to result in a fiscal impact to the state or municipalities. Senate "A" alters the original bill by removing provisions that made various changes to campaign finance laws and increased the maximum penalties the State Elections Enforcement Commission (SEEC) could impose for failing to file certain independent expenditure reports. This eliminates a potential revenue gain. The Out Years State Impact: None Municipal Impact: None The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.