OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5589

AN ACT CONCERNING CAMPAIGN FINANCE REFORM.


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill modifies laws affecting campaign finance and elections. The bill (1) prohibits any person from accepting covered transfers greater than $70,000, in the aggregate, in a calendar year and expands disclosure requirements for these types of transfers, (2) prohibits campaign-related disbursements of more than $4,000 without pre-authorization from the governing boards, (3) prohibits foreign-influenced entities from making covered transfers or independent expenditures (IEs), and (4) expands political advertising disclaimer requirements. Violators of the bill are subject to the State Election Enforcement Commission's (SEEC) enforcement authority.

There is no fiscal impact as SEEC has the necessary expertise to manage the bill's modifications to campaign finance and election laws.

The Out Years

State Impact: None

Municipal Impact: None