Texas 2025 - 89th Regular

Texas House Bill HB4406 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New	Differences
1	1	89R633 MPF-F
2	2	By: Phelan H.B. No. 4406
3	3
4	4
5	5
6	6
7	7	A BILL TO BE ENTITLED
8	8	AN ACT
9	9	relating to the reporting of direct campaign expenditures by
10	10	certain persons and political committees.
11	11	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. This Act may be cited as the P.A.C. Transparency
13	13	and Accountability Act.
14	14	SECTION 2. Section 254.031(a), Election Code, is amended to
15	15	read as follows:
16	16	(a) Except as otherwise provided by this chapter, each
17	17	report filed under this chapter must include:
18	18	(1) the amount of political contributions, other than
19	19	political contributions described by Subdivision (1-a), from each
20	20	person that in the aggregate exceed $50 and that are accepted during
21	21	the reporting period by the person or committee required to file a
22	22	report under this chapter, the full name and address of the person
23	23	making the contributions, and the dates of the contributions;
24	24	(1-a) the amount of political contributions from each
25	25	person that are made electronically and that are accepted during
26	26	the reporting period by the person or committee required to file a
27	27	report under this chapter, the full name and address of the person
28	28	making the contributions, and the dates of the contributions;
29	29	(2) the amount of loans that are made during the
30	30	reporting period for campaign or officeholder purposes to the
31	31	person or committee required to file the report and that in the
32	32	aggregate exceed $50, the dates the loans are made, the interest
33	33	rate, the maturity date, the type of collateral for the loans, if
34	34	any, the full name and address of the person or financial
35	35	institution making the loans, the full name and address, principal
36	36	occupation, and name of the employer of each guarantor of the loans,
37	37	the amount of the loans guaranteed by each guarantor, and the
38	38	aggregate principal amount of all outstanding loans as of the last
39	39	day of the reporting period;
40	40	(3) the amount of political expenditures that in the
41	41	aggregate exceed $100 and that are made during the reporting
42	42	period, the full name and address of the persons to whom the
43	43	expenditures are made, and the dates and purposes of the
44	44	expenditures;
45	45	(4) the amount of each payment made during the
46	46	reporting period from a political contribution if the payment is
47	47	not a political expenditure, the full name and address of the person
48	48	to whom the payment is made, and the date and purpose of the
49	49	payment;
50	50	(5) the total amount or a specific listing of the
51	51	political contributions of $50 or less accepted and the total
52	52	amount or a specific listing of the political expenditures of $100
53	53	or less made during the reporting period;
54	54	(6) the total amount of all political contributions
55	55	accepted and the total amount of all political expenditures made
56	56	during the reporting period;
57	57	(7) the name of each candidate or officeholder for
58	58	whom [who benefits from] a direct campaign expenditure was made to
59	59	support or oppose during the reporting period by the person or
60	60	committee required to file the report, and the office sought or
61	61	held, excluding a direct campaign expenditure that is made by the
62	62	principal political committee of a political party on behalf of a
63	63	slate of two or more nominees of that party;
64	64	(8) as of the last day of a reporting period for which
65	65	the person is required to file a report, the total amount of
66	66	political contributions accepted, including interest or other
67	67	income on those contributions, maintained in one or more accounts
68	68	in which political contributions are deposited as of the last day of
69	69	the reporting period;
70	70	(9) any credit, interest, rebate, refund,
71	71	reimbursement, or return of a deposit fee resulting from the use of
72	72	a political contribution or an asset purchased with a political
73	73	contribution that is received during the reporting period and the
74	74	amount of which exceeds $100;
75	75	(10) any proceeds of the sale of an asset purchased
76	76	with a political contribution that is received during the reporting
77	77	period and the amount of which exceeds $100;
78	78	(11) any investment purchased with a political
79	79	contribution that is received during the reporting period and the
80	80	amount of which exceeds $100;
81	81	(12) any other gain from a political contribution that
82	82	is received during the reporting period and the amount of which
83	83	exceeds $100; and
84	84	(13) the full name and address of each person from whom
85	85	an amount described by Subdivision (9), (10), (11), or (12) is
86	86	received, the date the amount is received, and the purpose for which
87	87	the amount is received.
88	88	SECTION 3. The changes in law made by this Act apply only to
89	89	a report under Chapter 254, Election Code, that is required to be
90	90	filed on or after the effective date of this Act. A report under
91	91	that chapter that is required to be filed before the effective date
92	92	of this Act is governed by the law in effect on the date the report
93	93	is required to be filed, and the former law is continued in effect
94	94	for that purpose.
95	95	SECTION 4. This Act takes effect September 1, 2025.