SENATE BILL REPORT

SB 6545

BYSenators Nelson, Talmadge, Metcalf, West and Rasmussen

Requiring annual reports of campaign contributions.

Senate Committee on Law & Justice

Senate Hearing Date(s):January 29, 1990

Senate Staff:Jon Carlson (786-7459)

AS OF JANUARY 25, 1990

BACKGROUND:

Under the campaign finance reporting requirements of the Public Disclosure Act, a candidate or political committee must file a 21-day pre-election report, a seven-day pre-election report, and a report by the tenth of the month after the election.  These reports summarize contributions and detail the expenditures of the candidate or political committee. 

In addition, a report must be filed each time a contribution is deposited beginning the first day of the fourth month preceding the election.  These reports of deposits give the identity of the contributor, the amount of the contribution, and the aggregate contributions to date.  Currently, there is no requirement for reports that summarize the annual contributions received and transfers made by a candidate or political committee.

SUMMARY:

In January of each year, a candidate must report the aggregate transfers made and contributions received in excess of $100, and the aggregate value of all contributions and transfers made or received by the candidate during the preceding calendar year.

Political committees must disclose in January of each year the aggregate contributions to each candidate in excess of $100, along with the aggregate value of all contributions made to each candidate during the preceding calendar year.

Appropriation:  none

Revenue:   none

Fiscal Note:    requested