HB 611 FISCAL NOTE Fiscal Review Committee Tennessee General Assembly February 5, 2025 Fiscal Analyst: Christine Drescher | Email: christine.drescher@capitol.tn.gov | Phone: 615-741-2564 HB 611 SUMMARY OF BILL: Prohibits an organization or entity that is based in a country other than the United States or that is based in the United States and receives funding from entities that are based in other countries from making contributions to a candidate or political campaign committee. Prohibits the Speaker of the Senate, the Speaker of the House of Representatives, and the Secretary of State (SOS) or their designee from approving the acceptance of funding from an organization or entity that is based in a country other than the United States or that is based in the United States and receives funding from entities based in other countries. FISCAL IMPACT: NOT SIGNIFICANT Assumptions: • Pursuant to the proposed legislation, the prohibition of contributions includes the promotion of the campaign or election through advertising, paying campaign workers, or providing training for campaign or election staff. • Any decrease in funding to a candidate or a political campaign committee will only result in a loss in revenue to a private citizen or entity and will not result in any fiscal impact to state or local government. • It is assumed that the proposed legislation will not result in any increase in campaign finance violations; therefore, there will be no increase in fines assessed or collected due to campaign finance violations. • According to information provided by the SOS, no funding from an organization or entity based in another county or that receives funding from entities based in other countries is currently accepted by the SOS. CERTIFICATION: The information contained herein is true and correct to the best of my knowledge. Bojan Savic, Executive Director