Texas 2023 - 88th 2nd C.S.

Texas House Bill HB64 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New	Differences
1	1	88S20086 MPF-F
2	2	By: Rogers H.B. No. 64
3	3
4	4
5	5	A BILL TO BE ENTITLED
6	6	AN ACT
7	7	relating to the reporting of direct campaign expenditures by
8	8	certain persons and political committees.
9	9	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
10	10	SECTION 1. This Act may be cited as the P.A.C. Transparency
11	11	and Accountability Act.
12	12	SECTION 2. Section 254.031(a), Election Code, is amended to
13	13	read as follows:
14	14	(a) Except as otherwise provided by this chapter, each
15	15	report filed under this chapter must include:
16	16	(1) the amount of political contributions, other than
17	17	political contributions described by Subdivision (1-a), from each
18	18	person that in the aggregate exceed $50 and that are accepted during
19	19	the reporting period by the person or committee required to file a
20	20	report under this chapter, the full name and address of the person
21	21	making the contributions, and the dates of the contributions;
22	22	(1-a) the amount of political contributions from each
23	23	person that are made electronically and that are accepted during
24	24	the reporting period by the person or committee required to file a
25	25	report under this chapter, the full name and address of the person
26	26	making the contributions, and the dates of the contributions;
27	27	(2) the amount of loans that are made during the
28	28	reporting period for campaign or officeholder purposes to the
29	29	person or committee required to file the report and that in the
30	30	aggregate exceed $50, the dates the loans are made, the interest
31	31	rate, the maturity date, the type of collateral for the loans, if
32	32	any, the full name and address of the person or financial
33	33	institution making the loans, the full name and address, principal
34	34	occupation, and name of the employer of each guarantor of the loans,
35	35	the amount of the loans guaranteed by each guarantor, and the
36	36	aggregate principal amount of all outstanding loans as of the last
37	37	day of the reporting period;
38	38	(3) the amount of political expenditures that in the
39	39	aggregate exceed $100 and that are made during the reporting
40	40	period, the full name and address of the persons to whom the
41	41	expenditures are made, and the dates and purposes of the
42	42	expenditures;
43	43	(4) the amount of each payment made during the
44	44	reporting period from a political contribution if the payment is
45	45	not a political expenditure, the full name and address of the person
46	46	to whom the payment is made, and the date and purpose of the
47	47	payment;
48	48	(5) the total amount or a specific listing of the
49	49	political contributions of $50 or less accepted and the total
50	50	amount or a specific listing of the political expenditures of $100
51	51	or less made during the reporting period;
52	52	(6) the total amount of all political contributions
53	53	accepted and the total amount of all political expenditures made
54	54	during the reporting period;
55	55	(7) the name of each candidate or officeholder for
56	56	whom [who benefits from] a direct campaign expenditure was made to
57	57	support or oppose during the reporting period by the person or
58	58	committee required to file the report, and the office sought or
59	59	held, excluding a direct campaign expenditure that is made by the
60	60	principal political committee of a political party on behalf of a
61	61	slate of two or more nominees of that party;
62	62	(8) as of the last day of a reporting period for which
63	63	the person is required to file a report, the total amount of
64	64	political contributions accepted, including interest or other
65	65	income on those contributions, maintained in one or more accounts
66	66	in which political contributions are deposited as of the last day of
67	67	the reporting period;
68	68	(9) any credit, interest, rebate, refund,
69	69	reimbursement, or return of a deposit fee resulting from the use of
70	70	a political contribution or an asset purchased with a political
71	71	contribution that is received during the reporting period and the
72	72	amount of which exceeds $100;
73	73	(10) any proceeds of the sale of an asset purchased
74	74	with a political contribution that is received during the reporting
75	75	period and the amount of which exceeds $100;
76	76	(11) any investment 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	(12) any other gain from a political contribution that
80	80	is received during the reporting period and the amount of which
81	81	exceeds $100; and
82	82	(13) the full name and address of each person from whom
83	83	an amount described by Subdivision (9), (10), (11), or (12) is
84	84	received, the date the amount is received, and the purpose for which
85	85	the amount is received.
86	86	SECTION 3. The changes in law made by this Act apply only to
87	87	a report under Chapter 254, Election Code, that is required to be
88	88	filed on or after the effective date of this Act. A report under
89	89	that chapter that is required to be filed before the effective date
90	90	of this Act is governed by the law in effect on the date the report
91	91	is required to be filed, and the former law is continued in effect
92	92	for that purpose.
93	93	SECTION 4. This Act takes effect on the 91st day after the
94	94	last day of the legislative session.