Bill Text: VA HB1958 | 2019 | Regular Session | Prefiled


Bill Title: Campaign finance; political action committees established by investor-owned electric utilities.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2019-02-05 - Left in Privileges and Elections [HB1958 Detail]

Download: Virginia-2019-HB1958-Prefiled.html
19102636D
HOUSE BILL NO. 1958
Offered January 9, 2019
Prefiled January 6, 2019
A BILL to amend the Code of Virginia by adding sections numbered 24.2-947.3:2 and 24.2-949.4:1, relating to campaign finance; political action committees established and administered by investor-owned electric utilities; contribution limitation; special reporting requirement.
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Patron-- Toscano
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Committee Referral Pending
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Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding sections numbered 24.2-947.3:2 and 24.2-949.4:1 as follows:

§24.2-947.3:2. Contributions from certain political action committees; limitation; special report required.

A. No candidate or campaign committee shall knowingly solicit or accept any single contribution, or combination of contributions, that exceeds $500 from any single political action committee established and administered by one or more investor-owned electric utilities in any one election cycle.

No such political action committee shall make any single contribution, or combination of contributions, that exceeds $500 to any single campaign committee in any one election cycle. An investor-owned electric utility that has not established and is not acting as a political action committee pursuant to Article 4 (§ 24.2-949 et seq.) shall not make any contribution to a campaign committee.

B. Any contribution from a political action committee established and administered by one or more investor-owned electric utilities, regardless of the amount or the date it was received, that is knowingly received by a candidate or campaign committee shall be reported as provided in §§ 24.2-947.4 and 24.2-947.5 or electronically pursuant to §24.2-946.1, and the report shall be received by the State Board or general registrar, as appropriate, by 11:59 p.m. on the day following receipt of the contribution. For a contribution received on a Saturday, the report shall be received by 11:59 p.m. on the following Monday.

Any contribution reported pursuant to this subsection shall also be reported on the next subsequent report required under §24.2-947.6 or 24.2-947.7, as appropriate, following receipt of the contribution.

§24.2-949.4:1. Contributions made by certain political action committees; limitation; special report required.

A. The provisions of this section shall apply only to those political action committees established and administered by an investor-owned electric utility.

B. No political action committee subject to the provisions of this section shall make any single contribution, or combination of contributions, that exceeds $500 to any single campaign committee in any one election cycle. For purposes of the applicability of this limit on contributions to a campaign committee, the election cycle shall be defined as provided in §24.2-947.

C. Any political action committee subject to the provisions of this section shall report any contribution it makes to any campaign committee, regardless of the amount, by 11:59 p.m. on the day following the day the contribution is made. For a contribution made on a Saturday, the report shall be made by 11:59 p.m. on the following Monday.

1. The report shall be filed on a form prescribed by the State Board and shall be filed in writing or electronically in the same manner as the political action committee files its quarterly disclosure reports pursuant to §24.2-949.6.

2. Any contribution reported pursuant to this subsection shall also be reported on the next subsequent report required under §24.2-946 following the day the contribution is made.

D. Whenever a political action committee subject to the provisions of this section makes a contribution to a campaign committee, it shall notify the committee of the special report required by subsection B of §24.2-947.3:2.

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