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AR SB395

Bill

Status

Failed

5/5/2025

Primary Sponsor

Jimmy Hickey

Click for details

Origin

Senate

95th General Assembly (2025 Regular)

AI Summary

  • Amends financial disclosure requirements for public servants and candidates to require reporting investments or holdings over $1,000 at any point during the previous calendar year, rather than only at year-end fair market value

  • Defines "investment or holding" to include stocks, bonds, futures contracts, options contracts, oil and gas interests, and other securities, while excluding publicly traded U.S. Government securities and retirement/pension system-managed investments

  • Requires disclosure of investments held within trusts or businesses where the filer owns more than 1% of the stock, treating them as if held personally

  • Removes the previous $12,500 threshold requirement for identifying high-value income sources and investments

  • Creates new Class A misdemeanor offense for unlawful use of financial disclosure information to commit crimes against the filer, their spouse or child, or businesses in which the filer owns more than 1% stock

Legislative Description

To Amend Arkansas Law Concerning Statements Of Financial Interest; And Amending A Portion Of Arkansas Law Resulting From Initiated Act 1 Of 1988.

Last Action

Died in Senate Committee at Sine Die adjournment.

5/5/2025

Committee Referrals

State Agencies & Governmental Affairs3/5/2025

Full Bill Text

No bill text available