The bill amends RCW 42.17A.455 to clarify the treatment of contributions made by controlled entities in political campaigns. It introduces new provisions that require contributions from any entity to be aggregated with those made by individuals who hold a majority interest in that entity. Additionally, it stipulates that multiple entities will be treated as a single entity for contribution limits if they are established, financed, maintained, or controlled by the same person or group of persons. The bill also mandates the commission to adopt rules to implement these changes without being bound by the usual time restrictions.

Furthermore, the bill adds a new section to chapter 42.17A, which imposes specific requirements on limited liability companies (LLCs) wishing to make campaign contributions. These companies must have been in existence for at least one year and must file an electronic declaration with the commission affirming their legitimate business status and that they are not solely established for making contributions. The commission is tasked with creating a method for LLCs to file this declaration and is required to make the submitted information publicly accessible on its website in a searchable format.

Statutes affected:
Original Bill: 42.17A.455
Substitute Bill: 42.17A.455