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MT SB492

Bill

Status

Passed

5/12/2025

Primary Sponsor

Greg Hertz

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Raises the threshold for disclosing business interests from any interest to more than 10% ownership, or more than 1% for publicly traded companies

  • Raises the threshold for disclosing real property holdings (other than personal residences) from any interest to more than 10% ownership

  • Adds a new provision explicitly exempting mutual fund holdings from disclosure requirements

  • Adds a requirement that individuals may not assume or continue exercising the powers and duties of their elected or appointed office until the disclosure statement has been filed

  • Applies to state officers, holdover senators, supreme court justices, district court judges, candidates for statewide or state district offices, and individuals appointed to such positions

Legislative Description

Generally revise business disclosure statement requirements for elected officials and department directors

Elections

Last Action

Chapter Number Assigned

5/16/2025

Committee Referrals

State Administration3/17/2025
State Administration2/26/2025

Full Bill Text

No bill text available