March 5, 2012 •
Bills Relax Reporting Requirements and Allow Contributions by Insurance Companies
Legislators have introduced bills to remove limitations on the amount of money they can accept from PACs. Senate Bill 3645 and companion House Bill 3281, remove the aggregate limitations on PAC donations to candidates. The bills also remove the reporting requirements for large contributions made within 10 days of an election and remove an existing prohibition on insurance companies making campaign contributions.
Senate Speaker Pro Tempore Bo Watson, who introduced the senate bill, has stated the bill is a logical follow through to Senate Bill 1915 enacted last year that authorized direct corporate contributions to state candidates and treats corporations as if they were PACs for reporting purposes.
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