This bill prevents candidates and political committees from accepting loans that would allow a single person to give more money overall than state law currently permits as direct contributions. Loans made to candidates or committees will now count toward the same spending limits that apply to regular campaign donations, closing a loophole that previously allowed larger total contributions through borrowed funds.
AI-generated summary
Signed by the Governor S.J. 288
Delivered to the Governor S.J. 250
Signed by the Speaker H.J. 259
Signed by the President S.J. 222
House of Representatives Do Pass Amended Passed, YEAS 38, NAYS 29. H.J. 207
House of Representatives Motion to amend Passed, YEAS 34, NAYS 33. H.J. 206
State Affairs Do Pass Amended Passed, YEAS 12, NAYS 1.
State Affairs Motion to amend
State Affairs Scheduled for hearing
First read in House and referred to House State Affairs H.J. 113
Senate Do Pass Passed, YEAS 21, NAYS 13. S.J. 81
State Affairs Do Pass Passed, YEAS 6, NAYS 3.
State Affairs Scheduled for hearing
First read in Senate and referred to Senate State Affairs S.J. 12
Prime sponsor · Sen
R
Dist. SD-001
Prime sponsor · Rep
R
Dist. HD-008
Cosponsors
Motion to amend
Do Pass Amended
State Affairs — Do Pass Amended
Do Pass
State Affairs — Do Pass