The Nevada Financial Disclosure Act requires certain public officers and candidates for public office to disclose certain information in financial disclosure statements filed with the Secretary of State. (NRS 281.005, 281.5555-281.581) In part, existing law requires the disclosure of each business entity with which the public officer or candidate or member of the public officer's or candidate's household is involved as a holder of a class of stock or security representing 1 percent or more of the total outstanding stock or securities issued by the business entity. (NRS 281.571) Section 1 of this bill additionally requires the disclosure of each business entity with which the public officer or candidate or a member of the public officer's or candidate's household is involved as a holder of a class of stock or security issued by the business entity that is valued at $5,000 or more. Existing law requires certain persons who make independent expenditures and certain committees for political action, political parties and committees sponsored by a political party which receive certain contributions or make certain expenditures to report such contributions and expenditures. (NRS 294A.140, 294A.150, 294A.210, 294A.220, 294A.230) Section 5 of this bill requires an inaugural committee to report certain contributions and expenditures. Section 4 of this bill defines the term “inaugural committee.” Existing law requires a candidate for office at a primary election or general election to report certain contributions made during the election year. (NRS 294A.120) Section 6 of this bill requires a candidate who has been elected to a constitutional office to report certain contributions and expenditures in relation to the transition to the constitutional office. Section 3 of this bill defines the terms “constitutional office” and “constitutional officer.” Section 7 of this bill makes a conforming change to apply the terms defined in sections 3 and 4 to certain provisions of law governing campaign practices. Section 8 of this bill prohibits a foreign national from making a contribution or a commitment to make a contribution to an inaugural committee. Sections 9-12 of this bill make conforming changes to incorporate the requirements of sections 5 and 6 into existing law governing campaign practices.

Statutes affected:
As Introduced: 281.571, 294A.002, 294A.325, 294A.350, 294A.362, 294A.390, 294A.420
BDR: 281.571, 294A.002, 294A.325, 294A.350, 294A.362, 294A.390, 294A.420