Concerning campaign contributions by controlled entities.
Summary
Specifies that for purposes of political campaign contribution limits, contributions made by an entity are aggregated with the contributions made by each individual who owns or holds a majority interest in the entity.
Specifies that the contributions of different entities are aggregated for purposes of campaign contribution limits when one entity is established, financed, maintained, or controlled by the other, or when the same individual owns or holds a majority interest in each entity.
Provides that a limited liability company may make campaign contributions only if it is has been in existence for at least a year and has filed a declaration that the company is a legitimate business and was not created for the sole purpose of making campaign contributions.
From the Engrossed Substitute House Bill Report (ESSB 5207), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not passDid not pass · passed Senate, stalled in House