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LA HB693
Bill
Status
6/20/2025
Primary Sponsor
Mark Wright
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AI Summary
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Establishes "leadership committees" as a new committee type for elected officials, separate from principal campaign committees, with restrictions prohibiting expenditures supporting the affiliated official's own campaigns or opposing their opponents
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Increases various monetary thresholds throughout campaign finance law, including: in-kind contribution reporting threshold from $25 to $50, cash contribution limits from $100 to $200, committee registration threshold from $500 to $1,000, and candidate reporting threshold from $2,500 to $5,000 in expenditures
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Creates formal rules for joint fundraising agreements between committees, requiring written agreements, allocation formulas, dedicated depository accounts, and specific notice requirements for solicitations
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Expands foreign national contribution prohibitions to include citizens of designated foreign adversary nations, state sponsors of terrorism, foreign terrorist organizations, and nonprofits receiving more than $100,000 or 20% of contributions from foreign nationals
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Requires the Supervisory Committee on Campaign Finance Disclosure to submit annual reports to legislative committees including aggregated data on investigations, charges, fines, and relevant court decisions interpreting campaign finance law
Legislative Description
Provides for revisions to the Campaign Finance Disclosure Act (EN +$97,000 GF EX See Note)
CAMPAIGN FINANCE
Last Action
Effective date: See Act.
6/20/2025