NOTE: THIS BILL WAS PRINTED BY ORDER OF THE SPEAKER OF THE HOUSE OR PRESIDENT OF THE SENATE BY REQUEST OF AN INTERIM COMMITTEE THAT IS SPECIFIED IN THE HIGHLIGHTS, BUT THE LISTING OF THESE OFFICIALS AS SPONSORS INDICATES NEITHER ADVOCACY NOR OPPOSITION TO THE LEGISLATION ON THEIR PART.
Bill Sent To Committee
June 20, 2011
June 17, 2011(Key vote)
Title: Campaign Finance Reporting
Vote Smart's Synopsis:
Vote to pass a bill that modifies requirements for campaign finance reporting and limits the maximum fine imposed for failing to submit required statements concerning contributions.
-Repeals a portion of existing law which includes in the definition of "contribution" unfulfilled pledges, subscriptions, agreements or promises, whether they are legally enforceable or not (Sec. 1).
-Repeals the requirement that candidates or treasurers of political committees report account numbers when filing statements of organization (Secs. 2 & 3).
-Limits the maximum fine imposed for failing to submit required statements concerning contributions to no more than $5,000 in a calendar month (Sec. 6).