The bill amends Arkansas law regarding statements of financial interest, specifically updating provisions from Initiated Act 1 of 1988. Key changes include the clarification of what constitutes gross income that must be reported, with the threshold for reporting set at more than one thousand dollars ($1,000) annually. The bill removes previous requirements for disclosing individual income items that are part of a business's gross income and adjusts the definitions related to investments and holdings. It also specifies that if a business is publicly traded, only the stock symbol needs to be provided instead of the full address.

Additionally, the bill introduces a new section that criminalizes the unlawful use of information contained in a statement of financial interest, making it a Class A misdemeanor to use such information to commit a crime against the filer, their family, or a business in which the filer has a significant ownership stake. The amendments also affirm the Arkansas Ethics Commission's authority to conduct investigations related to these statements.

Statutes affected:
SB 395: 21-8-701(d), 21-8-701