The bill, HB 906, proposes significant revisions to the Campaign Finance Disclosure Act, including updates to contribution limits, penalties for non-compliance, and the processes for filing and investigating complaints. Key changes include increasing the contribution limits for major office candidates from $5,000 to $12,000, district office candidates from $2,500 to $6,000, and other office candidates from $1,000 to $2,000. Additionally, the penalty for failing to file financial disclosure statements has been raised from $100 to $250 per day. The bill also allows for electronic filing of documents and payments, and it introduces new definitions and regulations for independent expenditure-only political committees.

Furthermore, the bill modifies the procedures for the Supervisory Committee on Campaign Finance to initiate investigations and handle complaints, requiring more detailed information from complainants and allowing for responses from respondents. It also increases the contribution limit for gubernatorial transition and inauguration contributions from $5,000 to $25,000. The proposed law mandates a report on modernizing Louisiana's campaign finance and disclosure system by January 31, 2025, ensuring that the state remains aligned with best practices from other jurisdictions. The effective date for these changes is set for January 1, 2025.

Statutes affected:
HB906 Original: 18:1(E), 18:4(E), 18:2(E), 18:4(A), 42:1125(A)
HB906 Engrossed: 18:1(E), 18:4(E), 18:2(E), 18:4(A), 42:1125(A)
HB906 Reengrossed: 18:1(E), 18:4(E), 18:2(E), 18:4(A), 42:1125(A)
HB906 Enrolled: 18:1483(11), 18:1(E), 18:4(E), 18:2(E), 18:4(A), 42:1(A)(2), 42:1125(A)
HB906 Act 664: 18:1483(11), 18:1(E), 18:4(E), 18:2(E), 18:4(A), 42:1(A)(2), 42:1125(A)