SB-1022 Summary

• Amends Michigan's campaign finance act to replace "person" with "individual" in various sections to clarify terminology for legal purposes.

• Modifies section 24 to allow political committees organized for independent expenditures formed before September 20, 2017 to be reclassified as independent expenditure committees, with secretary of state authority to amend statements of organization accordingly.

• Adds section 44(3) to restrict candidate committees from using contributions received under section 45(2)(f) to purposes other than repaying existing debts and obligations at the time the contribution is received.

• Expands section 45(2) to allow terminating candidate committee funds to be transferred to another candidate committee for the sole purpose of repaying debts and obligations, with civil penalties assessed if the recipient later becomes a candidate for the same office.

• Updates section 55 to permit connected organizations to transfer contributions to separate segregated funds electronically or by written instrument, with detailed requirements for record-keeping, affirmative consent procedures, and penalties for violations up to felony level with fines and imprisonment.