BILL AS INTRODUCED S.86 2025 Page 1 of 4 VT LEG #380297 v.2 S.86 1 Introduced by Senators Hardy, Clarkson and Vyhovsky 2 Referred to Committee on 3 Date: 4 Subject: Elections; campaign finance; reporting requirements; disclosures; 5 failure to file; penalties 6 Statement of purpose of bill as introduced: This bill proposes to require 7 candidates for State and county offices to submit a report and affirmative 8 statement when the candidate has not made expenditures or received 9 contributions in an amount that would otherwise require disclosure under 17 10 V.S.A. § 2964. This bill also proposes to create penalties for the delinquent 11 filing of a registration, report, or disclosure required by 17 V.S.A. chapter 61 12 (campaign finance). 13 An act relating to establishing penalties for the failure of a candidate to file 14 campaign finance disclosures 15 It is hereby enacted by the General Assembly of the State of Vermont: 16 Sec. 1. 17 V.S.A. § 2964 is amended to read: 17 § 2964. CAMPAIGN REPORTS; CANDIDATES FOR STATE OFFICE, 18 THE GENERAL ASSEMBLY, AND COUNTY OFFICE; 19 POLITICAL COMMITTEES; POLITICAL PARTIES 20 BILL AS INTRODUCED S.86 2025 Page 2 of 4 VT LEG #380297 v.2 * * * 1 (c) The failure of a candidate, political committee, or political party to file a 2 report under this section shall be deemed an affirmative statement that a report 3 is not required of the candidate, political committee, or political party under 4 this section. 5 (d) Each candidate for State office, the General Assembly, a two-year-term 6 county office, or a four-year term county office who is not otherwise required 7 to file a report pursuant to this section shall file with the Secretary of State a 8 report and affirmative statement that the candidate has not made expenditures 9 or accepted contributions in the amounts specified in this section. 10 Sec. 2. 17 V.S.A. § 2974 is added to read: 11 § 2974. DELINQUENT FILING; PENALTIES 12 (a) If any registration, report, or disclosure is not filed in the time and 13 manner required by this chapter: 14 (1) The Office of the Secretary of State shall issue a notice of 15 delinquency to the candidate for any registration, report, or disclosure required 16 of a candidate in the time and manner required by this chapter. 17 (2) The candidate shall have five business days from the date that the 18 Office of the Secretary of State issues the notice to cure the delinquency. 19 (3) Immediately following the five business day period, the delinquent 20 candidate shall pay a $10.00 penalty for each subsequent day that the 21 BILL AS INTRODUCED S.86 2025 Page 3 of 4 VT LEG #380297 v.2 registration, report, or disclosure remains delinquent. For an individual 1 delinquent filing, the total amount of penalties imposed pursuant to this section 2 shall not exceed $1,000.00. 3 (4) Notwithstanding subdivision (3) of this subsection, the Secretary of 4 State may reduce or waive any penalty imposed under this section if the 5 candidate demonstrates good cause, as determined by the Secretary of State. 6 (b) The Office of the Secretary of State shall send a notice of delinquency 7 to the email address provided by the candidate in the candidate’s consent of 8 candidate form. 9 (c) The Secretary of State may utilize remedies available to a claimant 10 agency under 32 V.S.A. chapter 151, subchapter 12 to collect any unpaid 11 penalty. 12 (d)(1) A candidate who files a report or disclosure with intent to defraud, 13 falsify, conceal, or cover up by any trick, scheme, or device a material fact; or, 14 with intent to defraud, make any false, fictitious, or fraudulent claim or 15 representation as to a material fact; or, with intent to defraud, make or use any 16 writing or document knowing the same to contain any false, fictitious, or 17 fraudulent claim or entry as to a material fact shall be considered to have made 18 a false claim for the purposes of 13 V.S.A. § 3016. 19 (2) Pursuant to 3 V.S.A. § 1223 and section 2904a of this title, 20 complaints regarding any candidate who fails to properly file a registration, 21 BILL AS INTRODUCED S.86 2025 Page 4 of 4 VT LEG #380297 v.2 report, or disclosure required under this chapter may be filed with the Office of 1 the Secretary of State. The Secretary of State shall refer complaints to the 2 Attorney General or to the State’s Attorney of jurisdiction for investigation, as 3 appropriate. 4 Sec. 3. EFFECTIVE DATE 5 This act shall take effect on July 1, 2025. 6