This bill mandates that current members of the House of Representatives and the Senate report significant contributions or expenditures exceeding $1,000 to the Secretary of State within 48 hours of receipt. The new legal language added to RSA 664:6 includes a requirement for these legislators to file an itemized statement detailing the donor's full name, postal address, the contribution amount, and the date received. Additionally, the bill updates the reporting schedule by deleting the previous requirement for a report on the fourth Wednesday after the general election and inserting a new requirement for reports on the first day of each month from that date until the first Wednesday in June following the state general election.

The bill is expected to have a fiscal impact, particularly in FY 2026, where it is estimated to incur costs of over $75,000 for the Department of State to implement an online campaign finance reporting system. This system will require software upgrades to facilitate the timely reporting of financial disclosures as mandated by the new law. The bill does not provide additional funding or authorize new positions, and it is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 14-B:8, 664:7
As Amended by the House: 664:6