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OH SB240
Bill
Status
5/27/2010
Primary Sponsor
Bob Gibbs
Click for details
AI Summary
Sub. S.B. No. 240 Summary
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Permits domestic corporations and labor organizations to make independent expenditures and electioneering communications supporting or opposing candidates, reversing prior prohibitions on such political spending.
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Requires corporations and labor organizations making independent expenditures of $500 or more to file campaign finance statements with the Secretary of State or board of elections, with specific reporting timelines.
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Establishes that independent expenditures of $10,000 or more must be reported as electioneering communications and requires identification of funds sources exceeding $5,000 that were not received in the ordinary course of business.
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Revises the definition of "political action committee" to require more than $2,500 in treasury and aggregate contributions/expenditures of at least $1,000 annually, and removes certain exemptions for continuing associations and small political clubs.
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Adds a new restriction prohibiting foreign corporations from making independent expenditures or disbursements for electioneering communications, and requires disclosure statements to identify sources of contributions used for such communications.
Legislative Description
To permit domestic corporations and labor organizations to make independent expenditures and electioneering communications in support of or opposition to candidates for nomination or election, to require a domestic corporation or labor organization that makes such expenditures to file related campaign finance statements, to require reporting of independent expenditures only for expenditures of five hundred dollars or more, to require independent expenditures of ten thousand dollars or more to be reported as electioneering communications, and to revise the definition of a political action committee for the purpose of the Campaign Finance Law.
Campaign finance-domestic corporations/ labor unions-make independent expenditures
Last Action
Passed 3rd Consideration House
5/27/2010