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 of receipt. The new legal language inserted into RSA 664:6 establishes a requirement for these legislators to file an itemized statement with the Secretary of State, detailing 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 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 facilitate the acceptance and maintenance of the required reports, necessitating software upgrades. The bill does not provide 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