HB 2633 Summary

• Changes financial disclosure reporting period from calendar year to six-month periods, with statements due at the end of each six-month period instead of January 31.

• Increases financial disclosure thresholds: compensation threshold raised from $1,000 to $1,500; gift threshold raised from $500 to $250; debt thresholds raised from $1,000 to $1,500 for personal debt and $10,000 to $5,000 for business debt.

• Requires all financial disclosure statements to be filed electronically and made publicly available on the secretary of state's website.

• Removes categorical expenditure reporting requirements (food/beverages, speaking engagements, travel/lodging, flowers) and instead requires specific dollar amounts and descriptions of items or services provided.

• Eliminates the $10 annual gift limit for gifts from principals and lobbyists to state officers/employees and removes the "entertainment" exemption; creates new classification of gifts to ban all gifts from registered lobbyists and principals.