House Bill No. by Representative Jackson proposes to amend Louisiana's campaign finance laws by changing the application of contribution limits from being per election to per calendar year. The bill specifically amends R.S. 18:1505.2, which currently imposes limits on the amount of campaign contributions a single source can make to a candidate for each election. The new legal language inserted into the law clarifies that these contribution limits will now apply on a yearly basis, thereby allowing for a more consistent and predictable framework for campaign financing.
The bill also includes specific provisions regarding contributions to unsuccessful major office candidates and political committees. For instance, it establishes that the contribution limit for these candidates, who do not participate in the general election, will be set at ten thousand dollars per calendar year. Additionally, it outlines that political committees with more than 250 members must adhere to the same annual contribution limits. Overall, the proposed changes aim to streamline the campaign finance process and ensure that contribution limits are uniformly applied throughout the year.
Statutes affected: HB11 Original: 18:2(H)(1)