Texas 2021 - 87th Regular

Texas House Bill HB4530 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	87R7073 TJB-D
2	2	By: Oliverson H.B. No. 4530
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the reporting of political contributions from a person
8	8	with a principal address that is located outside this state.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. Section 254.031(a), Election Code, is amended to
11	11	read as follows:
12	12	(a) Except as otherwise provided by this chapter, each
13	13	report filed under this chapter must include:
14	14	(1) the amount of political contributions, other than
15	15	political contributions described by Subdivision (1-a) or (1-b),
16	16	from each person that in the aggregate exceed $50 and that are
17	17	accepted during the reporting period by the person or committee
18	18	required to file a report under this chapter, the full name and
19	19	address of the person making the contributions, and the dates of the
20	20	contributions;
21	21	(1-a) the amount of political contributions from each
22	22	person that are made electronically and that are accepted during
23	23	the reporting period by the person or committee required to file a
24	24	report under this chapter, the full name and address of the person
25	25	making the contributions, and the dates of the contributions;
26	26	(1-b) the amount of political contributions, other than
27	27	political contributions described by Subdivision (1) or (1-a),
28	28	from each person with a principal address that is located outside
29	29	this state and that are accepted during the reporting period by the
30	30	person or committee required to file a report under this chapter,
31	31	the full name and address of the person making the contributions,
32	32	and the dates of the contributions;
33	33	(2) the amount of loans that are made during the
34	34	reporting period for campaign or officeholder purposes to the
35	35	person or committee required to file the report and that in the
36	36	aggregate exceed $50, the dates the loans are made, the interest
37	37	rate, the maturity date, the type of collateral for the loans, if
38	38	any, the full name and address of the person or financial
39	39	institution making the loans, the full name and address, principal
40	40	occupation, and name of the employer of each guarantor of the loans,
41	41	the amount of the loans guaranteed by each guarantor, and the
42	42	aggregate principal amount of all outstanding loans as of the last
43	43	day of the reporting period;
44	44	(3) the amount of political expenditures that in the
45	45	aggregate exceed $100 and that are made during the reporting
46	46	period, the full name and address of the persons to whom the
47	47	expenditures are made, and the dates and purposes of the
48	48	expenditures;
49	49	(4) the amount of each payment made during the
50	50	reporting period from a political contribution if the payment is
51	51	not a political expenditure, the full name and address of the person
52	52	to whom the payment is made, and the date and purpose of the
53	53	payment;
54	54	(5) the total amount or a specific listing of the
55	55	political contributions of $50 or less accepted and the total
56	56	amount or a specific listing of the political expenditures of $100
57	57	or less made during the reporting period;
58	58	(6) the total amount of all political contributions
59	59	accepted and the total amount of all political expenditures made
60	60	during the reporting period;
61	61	(7) the name of each candidate or officeholder who
62	62	benefits from a direct campaign expenditure made during the
63	63	reporting period by the person or committee required to file the
64	64	report, and the office sought or held, excluding a direct campaign
65	65	expenditure that is made by the principal political committee of a
66	66	political party on behalf of a slate of two or more nominees of that
67	67	party;
68	68	(8) as of the last day of a reporting period for which
69	69	the person is required to file a report, the total amount of
70	70	political contributions accepted, including interest or other
71	71	income on those contributions, maintained in one or more accounts
72	72	in which political contributions are deposited as of the last day of
73	73	the reporting period;
74	74	(9) any credit, interest, rebate, refund,
75	75	reimbursement, or return of a deposit fee resulting from the use of
76	76	a political contribution or an asset purchased with a political
77	77	contribution that is received during the reporting period and the
78	78	amount of which exceeds $100;
79	79	(10) any proceeds of the sale of an asset purchased
80	80	with a political contribution that is received during the reporting
81	81	period and the amount of which exceeds $100;
82	82	(11) any investment purchased with a political
83	83	contribution that is received during the reporting period and the
84	84	amount of which exceeds $100;
85	85	(12) any other gain from a political contribution that
86	86	is received during the reporting period and the amount of which
87	87	exceeds $100; and
88	88	(13) the full name and address of each person from whom
89	89	an amount described by Subdivision (9), (10), (11), or (12) is
90	90	received, the date the amount is received, and the purpose for which
91	91	the amount is received.
92	92	SECTION 2. The change in law made by this Act applies only
93	93	to a report of political contributions and expenditures under
94	94	Chapter 254, Election Code, that is required to be filed on or after
95	95	January 1, 2022.
96	96	SECTION 3. This Act takes effect September 1, 2021.