SB 2299 Summary

• Defines "conduit" as a person (not a political party, committee, or candidate) that receives contributions and transfers them to a candidate, political party, or political committee, including credit card companies and money transfer services.

• Requires candidates, political parties, and political committees receiving contributions through a conduit to report the original contributor's information rather than identifying the conduit as the contributor.

• Mandates that conduits provide recipients with detailed statements listing each individual contributor's name, address, contribution amount, and contribution date.

• Requires conduits to include occupation, employer, and principal place of business information for contributors who gave $5,000 or more in aggregate during the applicable reporting period.

• Passed with overwhelming bipartisan support: Senate 46-0-1, House 90-0-4.