Gov. Jeff Colyer signed a transparency bill to increase penalties for failing to file timely reports.

Effective July 1, House Bill 2642 imposes late fees for any report over 48 hours late for candidates, political committees, and lobbyists.

Penalties start at $100 for the first day and $50 for each subsequent day the report is late with a maximum up to $1,000.

The bill also requires lobbyist to file employment and expenditure reports electronically with the Office of the Secretary of State.

Lawmakers in Washington have introduced two bills to enhance campaign finance disclosure and ethics laws.

Senate Bill 5108 aims to increase transparency of “gray money” by limiting political action committees from receiving 70 percent or more of their contributions from other political committees.

Another proposal, House Bill 1159, seeks to establish revolving door provisions requiring former state officials to take a yearlong “cooling-off” period before they can become lobbyists.

On January 12, the Federal Election Commission (FEC) was unable to agree on a policy to clarify when and if a U.S. domestic subsidiary corporation of a foreign national is illegally involved in political activity.

Federal law prohibits foreign nationals from directly or indirectly making contributions, donations, expenditures, independent expenditures, and disbursements in connection with federal, state, or local elections. FEC regulations also prohibit foreign nationals from directing, controlling, or participating in the decision-making process of any person, such as a corporation, with regards to decisions concerning the making of contributions, donations, expenditures, or disbursements in connection with elections in the U.S.

Additionally, the FEC was unable to reach an agreement on the creation of a safe harbor for political committees to accept corporate contributions deemed not to have come from foreign national sources.

In response, Vice Chair Caroline C. Hunter and Commissioners Matthew S. Petersen and Lee E. Goodman issued a statement.

A previous attempt to reach an agreement on this issue in September also failed.

If you don’t file your campaign finance paperwork in Illinois, you will receive a fine from the State Board of Elections. Take a look at “Political committees owe Illinois $800,000 in fines” by Andrew Thomason in the McDonough Voice.

As the article notes, there is no criminal penalty involved, but candidates could find out they are not eligible to run for elected office if they don’t take care of the fines.

According to the article:

The Illinois State Board of Elections, or ISBE, has 553 outstanding fines totaling $808,235.15 against political committees for either filing campaign finance reports late or violating Illinois’ campaign finance laws. Fines date back to 2003 and range from $25 to $10,000.