BILL ANALYSIS

Senate Research Center	H.B. 2629
	By: Rogers et al. (Middleton)
	State Affairs
	5/5/2023
	Engrossed

AUTHOR'S / SPONSOR'S STATEMENT OF INTENT

There have been concerns raised about the lack of transparency regarding the required expenditure reports filed by certain persons or political committees. 

H.B. 2629 seeks to address this issue by requiring certain persons or political committees to report the candidate they support if there is cost spent opposing another candidate in the same race.

H.B. 2629 amends current law relating to the reporting of direct campaign expenditures by certain persons and political committees.

RULEMAKING AUTHORITY

This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.

SECTION BY SECTION ANALYSIS

SECTION 1. Authorizes this Act to be cited as the P.A.C. Transparency and Accountability Act.

SECTION 2. Amends Section 254.031(a), Election Code, as follows:

(a) Requires that each report filed under Chapter 254 (Political Reporting), except as otherwise provided by this chapter, include:

(1)-(6) makes no changes to these subdivisions;

(7) the name of each candidate or officeholder for whom a direct campaign expenditure was made to support or oppose, rather than each candidate or officeholder who benefits from a direct campaign expenditure made, during the reporting period by the person or committee required to file the report, and the office sought or held, excluding a direct campaign expenditure that is made by the principle political committee of a political party on behalf of a slate of two or more nominees of that party; and

(8)-(13) makes no changes to these subdivisions.

SECTION 3. Makes application of this Act prospective.

SECTION 4. Effective date: September 1, 2023.