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A BILL TO BE ENTITLED
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AN ACT
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relating to political contributions by corporations and labor |
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organizations to certain political committees. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 253, Election Code, is |
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amended by adding Section 253.105 to read as follows: |
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Sec. 253.105. CONTRIBUTIONS TO DIRECT EXPENDITURE ONLY |
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COMMITTEES. A corporation or labor organization may make a |
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political contribution from its own property to a political |
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committee that: |
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(1) is not established or controlled by a candidate or |
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an officeholder; |
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(2) makes or intends to make direct campaign |
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expenditures; |
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(3) does not make or intend to make political |
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contributions to: |
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(A) a candidate; |
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(B) an officeholder; |
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(C) a specific-purpose committee established or |
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controlled by a candidate or an officeholder; or |
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(D) a political committee that makes or intends |
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to make political contributions to a candidate, an officeholder, or |
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a specific-purpose committee established or controlled by a |
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candidate or an officeholder; and |
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(4) has filed an affidavit with the commission stating |
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the committee's intention to operate as described by Subdivisions |
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(2) and (3). |
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SECTION 2. This Act takes effect September 1, 2017. |