This bill amends current financial disclosure laws by requiring current members of the House of Representatives and the Senate to report significant contributions or expenditures exceeding $1,000 within 48 hours. Specifically, it introduces a new paragraph (I-a) to RSA 664:6, mandating that these legislators file an itemized statement with the Secretary of State, which must include the donor's full name, postal address, the amount of the contribution, 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 monthly reports from the fourth Wednesday after the general election until the first Wednesday in June following the state general election.

The bill is set to take effect 60 days after its passage and does not provide funding or authorize new positions. However, it is estimated that implementing an online campaign finance reporting system to accommodate these new requirements will incur costs of at least $75,000 in FY 2026, as noted by the Department of State. The bill does not anticipate any revenue impact, and the expenditures are expected to be covered by the General Fund.

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