Bill Text: DE HB390 | 2013-2014 | 147th General Assembly | Draft

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Bill Title: An Act To Amend Title 15 Of The Delaware Code Relating To Campaign Contributions.

Spectrum: Moderate Partisan Bill (Republican 5-1)

Status: (Introduced - Dead) 2014-06-10 - Introduced and Assigned to House Administration Committee in House [HB390 Detail]

Download: Delaware-2013-HB390-Draft.html

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SPONSOR:	Rep. Hudson;
	Reps. D. Short, Miro, Ramone, Wilson, Kowalko

HOUSE OF REPRESENTATIVES

147th GENERAL ASSEMBLY

HOUSE BILL NO. 390

AN ACT TO AMEND TITLE 15 OF THE DELAWARE CODE RELATING TO CAMPAIGN CONTRIBUTIONS.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1.Amend §8012(e), Title 15 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows:

§8012 Contribution limits generally.

(e) Any person other than an individual or a political committee which makes a contribution to a political committee shall notify such political committee in writing of the full names and mailing addresses of:

(1) All persons who, directly or otherwise, own a legal or equitable interest of 50% or greater (whether in the form of stock ownership, percentage of partnership interest, liability for the debts of the entity, entitlement to the profits from the other entity or other indicia of interest) in such corporation, partnership or other entity, or that no such persons exist; and

(2) A responsible party, if such contribution would cause the aggregate amount of contributions by such entity during the election period to exceed $1,200.

The political committee may rely on such notification, and should the notification provided by the representative of the entity be inaccurate or misleading, the person or persons responsible for the notification, and not the political committee which received the contribution, shall be liable therefor. A ratable portion of the contribution by the corporation, partnership or other entity shall be deemed to be a contribution under this chapter to the political committee by each such person who owns a 50% or greater interest in the entity, shall be included within the limit imposed by this section on individual contributions, and shall be so included in the reports filed by the candidate committee with the Commissioner under §8030 of this title.No person other than an individual or a political committee shall make any contribution to any political committee.

Section 2.This Act shall become effective immediately after the next General Election day after its enactment.

SYNOPSIS

Consistent with the recommendation of the December 28, 2013 Report of Independent Counsel on Investigation of Violations of Delaware Campaign Finance and Related State Laws authored by E. Norman Veasey and Christine T. Di Guglielmo, this law bans all contributions to any political action committee by corporations, limited liability companies, partnerships, trusts, unions, and any other alternative entity.