Texas 2023 - 88th Regular

Texas House Bill HB2629 Compare Versions

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Version 2 (New)

Old	New	Differences
1	1	H.B. No. 2629
2	2
3	3
4	4	AN ACT
5	5	relating to the reporting of direct campaign expenditures by
6	6	certain persons and political committees.
7	7	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
8	8	SECTION 1. This Act may be cited as the P.A.C. Transparency
9	9	and Accountability Act.
10	10	SECTION 2. 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), from each
16	16	person that in the aggregate exceed $50 and that are accepted during
17	17	the reporting period by the person or committee required to file a
18	18	report under this chapter, the full name and address of the person
19	19	making the contributions, and the dates of the contributions;
20	20	(1-a) the amount of political contributions from each
21	21	person that are made electronically and that are accepted during
22	22	the reporting period by the person or committee required to file a
23	23	report under this chapter, the full name and address of the person
24	24	making the contributions, and the dates of the contributions;
25	25	(2) the amount of loans that are made during the
26	26	reporting period for campaign or officeholder purposes to the
27	27	person or committee required to file the report and that in the
28	28	aggregate exceed $50, the dates the loans are made, the interest
29	29	rate, the maturity date, the type of collateral for the loans, if
30	30	any, the full name and address of the person or financial
31	31	institution making the loans, the full name and address, principal
32	32	occupation, and name of the employer of each guarantor of the loans,
33	33	the amount of the loans guaranteed by each guarantor, and the
34	34	aggregate principal amount of all outstanding loans as of the last
35	35	day of the reporting period;
36	36	(3) the amount of political expenditures that in the
37	37	aggregate exceed $100 and that are made during the reporting
38	38	period, the full name and address of the persons to whom the
39	39	expenditures are made, and the dates and purposes of the
40	40	expenditures;
41	41	(4) the amount of each payment made during the
42	42	reporting period from a political contribution if the payment is
43	43	not a political expenditure, the full name and address of the person
44	44	to whom the payment is made, and the date and purpose of the
45	45	payment;
46	46	(5) the total amount or a specific listing of the
47	47	political contributions of $50 or less accepted and the total
48	48	amount or a specific listing of the political expenditures of $100
49	49	or less made during the reporting period;
50	50	(6) the total amount of all political contributions
51	51	accepted and the total amount of all political expenditures made
52	52	during the reporting period;
53	53	(7) the name of each candidate or officeholder for
54	54	whom [who benefits from] a direct campaign expenditure was made to
55	55	support or oppose during the reporting period by the person or
56	56	committee required to file the report, and the office sought or
57	57	held, excluding a direct campaign expenditure that is made by the
58	58	principal political committee of a political party on behalf of a
59	59	slate of two or more nominees of that party;
60	60	(8) as of the last day of a reporting period for which
61	61	the person is required to file a report, the total amount of
62	62	political contributions accepted, including interest or other
63	63	income on those contributions, maintained in one or more accounts
64	64	in which political contributions are deposited as of the last day of
65	65	the reporting period;
66	66	(9) any credit, interest, rebate, refund,
67	67	reimbursement, or return of a deposit fee resulting from the use of
68	68	a political contribution or an asset purchased with a political
69	69	contribution that is received during the reporting period and the
70	70	amount of which exceeds $100;
71	71	(10) any proceeds of the sale of an asset purchased
72	72	with a political contribution that is received during the reporting
73	73	period and the amount of which exceeds $100;
74	74	(11) any investment purchased with a political
75	75	contribution that is received during the reporting period and the
76	76	amount of which exceeds $100;
77	77	(12) any other gain from a political contribution that
78	78	is received during the reporting period and the amount of which
79	79	exceeds $100; and
80	80	(13) the full name and address of each person from whom
81	81	an amount described by Subdivision (9), (10), (11), or (12) is
82	82	received, the date the amount is received, and the purpose for which
83	83	the amount is received.
84	84	SECTION 3. The changes in law made by this Act apply only to
85	85	a report under Chapter 254, Election Code, that is required to be
86	86	filed on or after the effective date of this Act. A report under
87	87	that chapter that is required to be filed before the effective date
88	88	of this Act is governed by the law in effect on the date the report
89	89	is required to be filed, and the former law is continued in effect
90	90	for that purpose.
91	91	SECTION 4. This Act takes effect September 1, 2023.
92	92	______________________________ ______________________________
93	93	President of the Senate Speaker of the House
94	94	I certify that H.B. No. 2629 was passed by the House on April
95	95	25, 2023, by the following vote: Yeas 147, Nays 1, 1 present, not
96	96	voting.
97	97	______________________________
98	98	Chief Clerk of the House
99	99	I certify that H.B. No. 2629 was passed by the Senate on May
100	100	17, 2023, by the following vote: Yeas 31, Nays 0.
101	101	______________________________
102	102	Secretary of the Senate
103	103	APPROVED: _____________________
104	104	Date
105	105	_____________________
106	106	Governor