This bill mandates that business organizations and labor unions must make political contributions exclusively through segregated funds. Specifically, it amends RSA 664:4, II to include new provisions that allow contributions from labor unions and business organizations, as well as their representatives, while explicitly excluding sole proprietorships. The new language clarifies that these contributions must be made through a separate, segregated fund that consists solely of voluntary contributions from individuals associated with the union or organization.

The bill also introduces a provision that permits unions or organizations to establish independent political committees, provided that these committees operate separately and adhere to the segregated fund requirement. The act is set to take effect 60 days after its passage. The fiscal impact of the bill is indeterminable, as it may influence costs related to the judicial and correctional systems due to potential changes in penalties for violations.

Statutes affected:
Introduced: 664:4