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Amendment H-1088 to HF 358
Relating to campaign finance, including disclosure report and contribution requirements, and making penalties applicable
Never voted on
Filed February 19, 2021 in the House by
What it changes
- Page 1, after line 28 by inserting: “Sec. ___. Section 68A.503, subsections 1, 2, and 3, Code 2021, are amended to read as follows:
- Except as provided in subsections 3, 4, 5, and 6 , an insurance company, savings association, bank, credit union, limited liability company, or corporation shall not make a monetary or in-kind contribution to a candidate or committee except for a ballot issue committee.
- Except as provided in subsection 3 , a candidate or committee, except for a ballot issue committee, shall not receive a monetary or in-kind contribution from an insurance company, savings association, bank, credit union, limited liability company, or corporation.
- An insurance company, savings association, bank, credit union, limited liability company, or corporation may use money, property, labor, or any other thing of value of the entity for the purposes of soliciting its stockholders, administrative officers, professional employees, and members for contributions to a political committee sponsored by that entity and for financing the administration of a political committee sponsored by that entity. The entity’s employees to whom the foregoing authority does not extend may voluntarily contribute to such a political committee but shall not be solicited for contributions. A candidate or committee may solicit, request, and receive money, property, labor, and any other thing of value from a political committee sponsored by an insurance company, savings association, bank, credit union, limited liability company, or corporation as permitted by this subsection . Sec. ___. Section 68A.503, subsection 4, unnumbered paragraph 1, Code 2021, is amended to read as follows: The prohibitions in subsections 1 and 2 shall not apply to an insurance company, savings association, bank, credit union, limited liability company, or corporation engaged in any of the following activities:”
- Title page, line 1, after “including” by inserting “contributions by certain entities and”
- By renumbering as necessary.