The bill amends existing laws governing political activity, particularly focusing on the definitions and requirements for lobbyists and lobbying activities. It introduces new definitions such as "governmental body," "influencing," and "financial transaction," which clarify the scope of lobbying. The definition of "expenditure" is modified to specify inclusions and exclusions, while the terms "lobbyist" and "lobbyist agent" are updated to reflect changes in compensation thresholds and reporting requirements. The bill also revises the reporting process, mandating that lobbyists submit reports in a prescribed format detailing expenditures categorized by type, with established deadlines and provisions for extensions.

Additionally, the bill imposes stricter reporting requirements for lobbyists, including the obligation to report financial transactions with public officials involving goods and services valued at $775 or more, as well as travel and lodging expenses exceeding $500. Expenditures for food and beverages provided to public officials must be reported if they exceed $25 in a month or $150 in a calendar year. Lobbyists are required to maintain detailed records of all lobbying-related expenditures for five years and report any late filings with a fee structure. The bill also increases penalties for violations of lobbying regulations, including fines and potential imprisonment, and prohibits lobbyists from providing gifts or loans contingent on legislative outcomes, thereby enhancing transparency and accountability in lobbying practices.

Statutes affected:
House Introduced Bill: 4.413