August 6, 2020 •
Lawmakers Introduce The Ohio Anti-Corruption Act Bill to Amend Campaign Finance Law
Ohio Lawmakers have introduced identical House and Senate bills to increase transparency in corporate campaign contributions.
House Bill 0739 and Senate Bill 0349, named the Ohio Anti-Corruption Act, require 501(c)(4)s and limited liability companies to disclose contributions and expenditures made to influence elections.
The bills eliminate the category of continuing association and expand the definition of “political contributing entity” to include partnerships and unincorporated business organizations or associations.
The bills also require political contributing entities to disclose the name of each officer, director, principal shareholder, partner, owner, or member of the corporation or unincorporated business.
In an effort to strengthen restrictions against foreign interests influencing Ohio elections, the bills also expand the definition of “foreign national.”
The definition will now include a corporation that is owned twenty percent or more by persons or entities from outside of the United States and a corporation that is owned five percent or more by any one person or entity from outside of the United States.
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