HB 432 Summary

• Prohibits state officials and general assembly members from soliciting positions while in office and from registering as lobbyists within two years after leaving office.

• Requires financial interest statements from state officials, judges, higher education leaders, and certain local government employees; expands reporting requirements to include state tax credits claimed, major asset purchases/sales, significant debts, and future employment agreements.

• Establishes new campaign finance restrictions including prohibitions on committee transfers when both committees share the same treasurer and requirements for 501(c)(4) organizations to disclose donors before contributing to campaign committees.

• Creates criminal penalties for obstructing ethics investigations, making it a Class D felony to provide false statements or documentation to ethics investigators, with limited retraction defense.

• Tightens restrictions on offers of paid employment to public officials in exchange for official votes, classifying such conduct as bribery of a public servant.