House Bill 5355 Summary

• Amends the Michigan Campaign Finance Act to modify campaign statement filing requirements for committees supporting or opposing candidates.

• Establishes different filing schedules for candidate committees, non-candidate committees, independent committees, and political party caucus committees, with specific deadlines and closing dates throughout the year.

• Requires expedited reporting of independent expenditures exceeding $1,000 per day within 48 hours during the 14 days before primary or general elections.

• Exempts committees that file written statements under section 24(5) or (6) from campaign filing requirements unless they receive or expend more than $1,000.

• Establishes late filing penalties ranging from $25 to $1,000 per business day depending on committee size, and imposes criminal penalties (misdemeanor) for failing to file 2 required statements that remain unfiled for more than 30 days.