SENATE BILL 605

Sponsored By:

Senators Raskin and Kittleman

Entitled:

Campaign Finance Entities - Loans - Reporting Requirement and Penalties

Synopsis:

Requiring a campaign finance entity that receives a loan under a specified provision of law to report the receipt of the loan to the State Board of Elections within 24 hours of receipt; requiring the State Board to post specified information concerning the loan on the State Board Web site within 24 hours of notice; providing that penalties assessed for a violation of campaign contribution limits may be assessed against a lender, the candidate whose campaign finance entity received the loan, or both, as specified; etc.

History by Legislative and Calendar Date

Senate Action

2/4

First Reading Education Health and Environmental Affairs

2/16

Hearing 3/16 at 1:00 p.m.

3/24

Favorable with Amendments Report by Education Health and Environmental Affairs

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/26

Third Reading Passed (46-0)

House Action

3/27

First Reading Ways and Means

3/29

Hearing 3/31 at 1:00 p.m.

Sponsored by:

Senator Jamie Raskin, District 20

Senator Allan H. Kittleman, District 9

Bill indexed under the following Subjects:

Campaign Financing

Disclosure

Elections, State Board of

Electronic Government

Ethics

Loans -see also- Mortgages

Penalties and Sentences -see also- Death Penalty

Political Candidates

Political Committees

Public Information

Reports

Statutes of Limitation

Bill affects the following Statutes:

Election Law

( 13-230 , 13-604.1 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 754930/01     Offered on: March 24, 2011   at: 12:49 p.m.     Status: Adopted

Committee Votes :

Senate

Education, Health, and Environmental Affairs

Roll Call Vote (Legislative date is shown):

Senate

March 26, 2011: Third Reading Passed (46-0)