Tennessee House Bill HB2394

Tennessee 2023-2024 Regular Session

• Introduced: 1/30/24
• Refer: 2/1/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 2, Chapter 10, relative to campaign finance.

Impact

If implemented, this bill could significantly impact campaign finance dynamics within the state. By enabling the transfer of funds to federal accounts under specific conditions, it potentially enhances candidates' financial maneuverability when participating in primary elections. Moreover, it establishes a clearer protocol for donor communication and consent, which could lead to more transparent practices in campaign finance.

Summary

House Bill 2394 aims to amend Tennessee Code Annotated, specifically Title 2, Chapter 10, concerning campaign finance regulations. The bill introduces a new provision that allows candidates to transfer funds from their campaign accounts to federal campaign accounts for primary elections, provided they notify each donor about the proposed transfer. This notification must occur at least thirty days before the transfer takes place, creating a window for donors to raise any objections.

Contention

The introduction of HB2394 may generate debate surrounding the ethical implications of transferring campaign funds. Advocates argue that the bill promotes flexibility in campaign financing, particularly for candidates engaged in both state and federal races. Critics, however, might point out the risks of undermining donor intent, as the recipient candidates could potentially use these funds in unintended ways if donors are not adequately informed or if objections to the transfer are not raised timely.