November 25, 2013 •
Iowa Ethics Board Developing New Auditing Procedures for PACs
The Iowa Ethics & Campaign Disclosure Board is developing new auditing procedures for political committees receiving donations from entities. This action was likely prompted by the recent controversy over the funding of prominent PAC Iowans for Tax Relief, which was almost exclusively funded by trusts whose identities remained unknown until recently.
The ethics board also proposed legislation to be introduced when the legislature goes into session in January. The bill includes a $1,000 reporting threshold, and would allow campaigns to collect anonymous donations of up to $25. The bill would also require all campaign committees to file electronically by 2015.
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