88S20086 MPF-F
 
  By: Rogers H.B. No. 64
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the reporting of direct campaign expenditures by
  certain persons and political committees.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  This Act may be cited as the P.A.C. Transparency
  and Accountability Act.
         SECTION 2.  Section 254.031(a), Election Code, is amended to
  read as follows:
         (a)  Except as otherwise provided by this chapter, each
  report filed under this chapter must include:
               (1)  the amount of political contributions, other than
  political contributions described by Subdivision (1-a), from each
  person that in the aggregate exceed $50 and that are accepted during
  the reporting period by the person or committee required to file a
  report under this chapter, the full name and address of the person
  making the contributions, and the dates of the contributions;
               (1-a) the amount of political contributions from each
  person that are made electronically and that are accepted during
  the reporting period by the person or committee required to file a
  report under this chapter, the full name and address of the person
  making the contributions, and the dates of the contributions;
               (2)  the amount of loans that are made during the
  reporting period for campaign or officeholder purposes to the
  person or committee required to file the report and that in the
  aggregate exceed $50, the dates the loans are made, the interest
  rate, the maturity date, the type of collateral for the loans, if
  any, the full name and address of the person or financial
  institution making the loans, the full name and address, principal
  occupation, and name of the employer of each guarantor of the loans,
  the amount of the loans guaranteed by each guarantor, and the
  aggregate principal amount of all outstanding loans as of the last
  day of the reporting period;
               (3)  the amount of political expenditures that in the
  aggregate exceed $100 and that are made during the reporting
  period, the full name and address of the persons to whom the
  expenditures are made, and the dates and purposes of the
  expenditures;
               (4)  the amount of each payment made during the
  reporting period from a political contribution if the payment is
  not a political expenditure, the full name and address of the person
  to whom the payment is made, and the date and purpose of the
  payment;
               (5)  the total amount or a specific listing of the
  political contributions of $50 or less accepted and the total
  amount or a specific listing of the political expenditures of $100
  or less made during the reporting period;
               (6)  the total amount of all political contributions
  accepted and the total amount of all political expenditures made
  during the reporting period;
               (7)  the name of each candidate or officeholder for
  whom [who benefits from] a direct campaign expenditure was made to
  support or oppose 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
  principal political committee of a political party on behalf of a
  slate of two or more nominees of that party;
               (8)  as of the last day of a reporting period for which
  the person is required to file a report, the total amount of
  political contributions accepted, including interest or other
  income on those contributions, maintained in one or more accounts
  in which political contributions are deposited as of the last day of
  the reporting period;
               (9)  any credit, interest, rebate, refund,
  reimbursement, or return of a deposit fee resulting from the use of
  a political contribution or an asset purchased with a political
  contribution that is received during the reporting period and the
  amount of which exceeds $100;
               (10)  any proceeds of the sale of an asset purchased
  with a political contribution that is received during the reporting
  period and the amount of which exceeds $100;
               (11)  any investment purchased with a political
  contribution that is received during the reporting period and the
  amount of which exceeds $100;
               (12)  any other gain from a political contribution that
  is received during the reporting period and the amount of which
  exceeds $100; and
               (13)  the full name and address of each person from whom
  an amount described by Subdivision (9), (10), (11), or (12) is
  received, the date the amount is received, and the purpose for which
  the amount is received.
         SECTION 3.  The changes in law made by this Act apply only to
  a report under Chapter 254, Election Code, that is required to be
  filed on or after the effective date of this Act.  A report under
  that chapter that is required to be filed before the effective date
  of this Act is governed by the law in effect on the date the report
  is required to be filed, and the former law is continued in effect
  for that purpose.
         SECTION 4.  This Act takes effect on the 91st day after the
  last day of the legislative session.