This bill mandates that business organizations and labor unions must make political contributions exclusively through segregated funds. Specifically, it amends RSA 664:4, II by inserting provisions that allow contributions from labor unions and business organizations, as well as their representatives, while explicitly excluding sole proprietorships from these regulations. The new language also establishes that unions or organizations can create independent political committees that operate with separate, segregated funds, which can only consist of voluntary contributions from individuals associated with those unions or organizations.

The bill is set to take effect 60 days after its passage and is expected to have indeterminable impacts on state and local expenditures due to potential changes in the judicial and correctional systems related to enforcement of the new regulations. However, it is projected that there will be no revenue impact from this legislation. The bill aims to enhance transparency and accountability in political contributions by ensuring that funds are sourced from voluntary contributions rather than direct contributions from business organizations and labor unions.

Statutes affected:
Introduced: 664:4