Lobbyists in Pennsylvania will soon be required to disclose any equity held in a client they represent. House Bill 336, a state budget and operations bill that became law on July 9 without the signature of Gov. Tom Wolf, includes a provision requiring annual equity disclosures from lobbyists and lobbying firms. The disclosures must list each equity a lobbying firm or lobbyist holds in an entity for which they are lobbying.

The first equity report will be due with the Department of State on October 7, which is 30 days after this provision of law takes effect. Subsequent equity reports will be due by July 30 starting in 2022.

The Department of State will be permitted to request additional information from lobbyists, if needed.