BILL · 2023–24 SESSION

HB 1885: Campaign finance/foreign

Strengthening campaign finance disclosure by prohibiting campaign contributions and expenditures by foreign-influenced corporations.

Summary

  • Repeals the prohibition on contributions and expenditures by foreign nationals, and the corresponding certification requirements, and replaces it with a prohibition on contributions and expenditures by foreign-influenced corporations.
  • Requires corporations that make contributions and expenditures to certify with the Public Disclosure Commission that they are not foreign-influenced corporations.
  • Defines "foreign-influenced corporation" as a for-profit corporation or limited liability company in which a single foreign investor has 1 percent or more of the company's ownership interests, or multiple foreign investors collectively have 5 percent or more of the company's ownership interests.

From the House Bill Analysis 2024 (HB 1885), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 8, 2024
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Sharlett Mena (D-29)
Introduced
January 8, 2024 in the House
Last action
January 8, 2024
Companion bill
SB 5832
Budget
Has a fiscal note

AN ACT Relating to strengthening campaign finance disclosure by prohibiting campaign contributions and expenditures by foreign-influenced corporations;

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. First reading, referred to State Government & Tribal Relations.
  2. Prefiled for introduction.

HB 1885 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page