IA HF376

Establishes campaign contribution limits per election cycle for candidates seeking statewide elected office: $4,000 from political committees, $40,000 from national political parties or state/county statutory political committees, and $4,000 from individual natural persons

Sets lower contribution limits for state senator and state representative candidates: $1,000 from political committees, $10,000 from national political parties or state/county statutory political committees, and $1,000 from individual natural persons

Defines "election campaign cycle" as the time period between elections for a particular office, with primary, general, and special elections each treated as separate cycles with separate contribution limits

Willful violations constitute a serious misdemeanor punishable by up to one year confinement and fines between $430 and $2,560

Civil penalties under existing ethics board rules may also apply, including reprimands and civil penalties up to $2,000