HB508 Summary

• Amends Alabama Code of Ethics to expand the definition of "principal" to include entities or individuals that directly or indirectly employ or compensate a lobbyist and are the true or primary beneficiary of the lobbyist's lobbying activities.

• Requires lobbyists whose employer or compensator is itself engaged in lobbying activities to identify, in addition to the direct employer, the employing entity's principal or principals that stand to benefit from the lobbyist's activities.

• Modifies Section 36-25-1 (definitions) and Section 36-25-18 (lobbyist registration requirements) of the Code of Alabama 1975.

• Becomes effective 30 days after passage and signing by the Governor.