Plain English Breakdown
Checked against official source text during the last sync.
Limits on Late Filing Penalties for Political Reports
The bill sets limits on penalties for late filings of political reports and statements, including campaign finance information.
What This Bill Does
- Sets a $100 limit on penalties for the late filing of an original statement of economic interest.
- Limits the penalty for other original statements or reports to either the total amount reported in contributions, expenditures, and other amounts, or $100, whichever is greater.
- Removes the daily $10 penalty for filing a late copy of any report or statement.
- Eliminates an exception that previously allowed candidates for certain state and local offices to avoid penalties if they file their statements within 30 days after receiving notice.
Who It Names or Affects
- People who file campaign finance reports and other political documents
- Filing officers responsible for enforcing filing deadlines
Terms To Know
- Statement of economic interest
- A document that certain people must file to report their financial interests, including those running for public office.
- Campaign finance reports
- Documents that detail the money raised and spent by political campaigns or organizations.
Limits and Unknowns
- The bill does not specify how late filings will be enforced after these changes.
- It is unclear if there are any exceptions to the new penalties for specific circumstances.