Bill Text: TX HB2629 | 2023-2024 | 88th Legislature | Comm Sub
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the reporting of direct campaign expenditures by certain persons and political committees.
Spectrum: Moderate Partisan Bill (Republican 16-3)
Status: (Vetoed) 2023-06-18 - Vetoed by the Governor [HB2629 Detail]
Download: Texas-2023-HB2629-Comm_Sub.html
Bill Title: Relating to the reporting of direct campaign expenditures by certain persons and political committees.
Spectrum: Moderate Partisan Bill (Republican 16-3)
Status: (Vetoed) 2023-06-18 - Vetoed by the Governor [HB2629 Detail]
Download: Texas-2023-HB2629-Comm_Sub.html
By: Rogers, et al. (Senate Sponsor - Middleton) | H.B. No. 2629 | |
(In the Senate - Received from the House April 26, 2023; | ||
May 2, 2023, read first time and referred to Committee on State | ||
Affairs; May 10, 2023, reported favorably by the following vote: | ||
Yeas 11, Nays 0; May 10, 2023, sent to printer.) | ||
COMMITTEE VOTE | ||
YeaNayAbsentPNV | ||
HughesX | ||
PaxtonX | ||
BettencourtX | ||
BirdwellX | ||
LaMantiaX | ||
MenéndezX | ||
MiddletonX | ||
ParkerX | ||
PerryX | ||
SchwertnerX | ||
ZaffiriniX | ||
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relating to the reporting of direct campaign expenditures by | ||
certain persons and political committees. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. This Act may be cited as the P.A.C. Transparency | ||
and Accountability Act. | ||
SECTION 2. Section 254.031(a), Election Code, is amended to | ||
read as follows: | ||
(a) Except as otherwise provided by this chapter, each | ||
report filed under this chapter must include: | ||
(1) the amount of political contributions, other than | ||
political contributions described by Subdivision (1-a), from each | ||
person that in the aggregate exceed $50 and that are accepted during | ||
the reporting period by the person or committee required to file a | ||
report under this chapter, the full name and address of the person | ||
making the contributions, and the dates of the contributions; | ||
(1-a) the amount of political contributions from each | ||
person that are made electronically and that are accepted during | ||
the reporting period by the person or committee required to file a | ||
report under this chapter, the full name and address of the person | ||
making the contributions, and the dates of the contributions; | ||
(2) the amount of loans that are made during the | ||
reporting period for campaign or officeholder purposes to the | ||
person or committee required to file the report and that in the | ||
aggregate exceed $50, the dates the loans are made, the interest | ||
rate, the maturity date, the type of collateral for the loans, if | ||
any, the full name and address of the person or financial | ||
institution making the loans, the full name and address, principal | ||
occupation, and name of the employer of each guarantor of the loans, | ||
the amount of the loans guaranteed by each guarantor, and the | ||
aggregate principal amount of all outstanding loans as of the last | ||
day of the reporting period; | ||
(3) the amount of political expenditures that in the | ||
aggregate exceed $100 and that are made during the reporting | ||
period, the full name and address of the persons to whom the | ||
expenditures are made, and the dates and purposes of the | ||
expenditures; | ||
(4) the amount of each payment made during the | ||
reporting period from a political contribution if the payment is | ||
not a political expenditure, the full name and address of the person | ||
to whom the payment is made, and the date and purpose of the | ||
payment; | ||
(5) the total amount or a specific listing of the | ||
political contributions of $50 or less accepted and the total | ||
amount or a specific listing of the political expenditures of $100 | ||
or less made during the reporting period; | ||
(6) the total amount of all political contributions | ||
accepted and the total amount of all political expenditures made | ||
during the reporting period; | ||
(7) the name of each candidate or officeholder for | ||
whom [ |
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support or oppose during the reporting period by the person or | ||
committee required to file the report, and the office sought or | ||
held, excluding a direct campaign expenditure that is made by the | ||
principal political committee of a political party on behalf of a | ||
slate of two or more nominees of that party; | ||
(8) as of the last day of a reporting period for which | ||
the person is required to file a report, the total amount of | ||
political contributions accepted, including interest or other | ||
income on those contributions, maintained in one or more accounts | ||
in which political contributions are deposited as of the last day of | ||
the reporting period; | ||
(9) any credit, interest, rebate, refund, | ||
reimbursement, or return of a deposit fee resulting from the use of | ||
a political contribution or an asset purchased with a political | ||
contribution that is received during the reporting period and the | ||
amount of which exceeds $100; | ||
(10) any proceeds of the sale of an asset purchased | ||
with a political contribution that is received during the reporting | ||
period and the amount of which exceeds $100; | ||
(11) any investment purchased with a political | ||
contribution that is received during the reporting period and the | ||
amount of which exceeds $100; | ||
(12) any other gain from a political contribution that | ||
is received during the reporting period and the amount of which | ||
exceeds $100; and | ||
(13) the full name and address of each person from whom | ||
an amount described by Subdivision (9), (10), (11), or (12) is | ||
received, the date the amount is received, and the purpose for which | ||
the amount is received. | ||
SECTION 3. The changes in law made by this Act apply only to | ||
a report under Chapter 254, Election Code, that is required to be | ||
filed on or after the effective date of this Act. A report under | ||
that chapter that is required to be filed before the effective date | ||
of this Act is governed by the law in effect on the date the report | ||
is required to be filed, and the former law is continued in effect | ||
for that purpose. | ||
SECTION 4. This Act takes effect September 1, 2023. | ||
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