HB 5349 Summary

• Requires corporations and joint stock companies making independent expenditures to submit a report to the Secretary of State at least 5 days before the expenditure is made.

• Reports must be submitted electronically and immediately posted on the Secretary of State's website, including expenditure dates, amount, candidate referenced, vendor information, and the 5 highest contributors.

• Printed communications must include a disclaimer stating "Paid for with corporate funds by [name and address]" with the corporation president's name and photograph in a clearly readable box.

• Electronic communications (television and internet) must display the same disclaimer clearly and legibly throughout the entire advertisement.

• Radio communications must include the corporation president's voice stating the disclaimer and identifying themselves as president of the corporation or joint stock company.