SB 486 - Campaign Finance Modifications

• Repeals and replaces six sections of Missouri campaign finance law (sections 130.011, 130.021, 130.031, 130.044, and 130.046) to restructure committee definitions and contribution rules.

• Eliminates "political action committee" and "exploratory committee" designations, replacing them with a single "continuing committee" category for committees of ongoing existence not controlled by candidates.

• Changes political party committee structure to allow only one state party committee per political party, eliminating district and congressional district committees.

• Adds new contribution limits in section 130.032: $25,000 for statewide offices, $10,000 for state senate, $2,500 for state representatives and other offices, with limits indexed annually for inflation starting January 1, 2015.

• Modifies reporting requirements for continuing committees, removing the restriction on transferring funds to other committees and adjusting disclosure thresholds for aggregate expenditures.