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AR SB395
Bill
Status
5/5/2025
Primary Sponsor
Jimmy Hickey
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AI Summary
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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
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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
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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
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Removes the previous $12,500 threshold requirement for identifying high-value income sources and investments
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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