Bill Text: TX HB2465 | 2017-2018 | 85th Legislature | Comm Sub
Bill Title: Relating to political contributions by corporations and labor organizations to certain political committees.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Engrossed - Dead) 2017-05-19 - Committee report printed and distributed [HB2465 Detail]
Download: Texas-2017-HB2465-Comm_Sub.html
By: Davis of Harris (Senate Sponsor - Buckingham) | H.B. No. 2465 | |
(In the Senate - Received from the House May 5, 2017; | ||
May 11, 2017, read first time and referred to Committee on State | ||
Affairs; May 19, 2017, reported favorably by the following vote: | ||
Yeas 9, Nays 0; May 19, 2017, sent to printer.) | ||
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relating to political contributions by corporations and labor | ||
organizations to certain political committees. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter D, Chapter 253, Election Code, is | ||
amended by adding Section 253.105 to read as follows: | ||
Sec. 253.105. CONTRIBUTIONS TO DIRECT EXPENDITURE ONLY | ||
COMMITTEES. A corporation or labor organization may make a | ||
political contribution from its own property to a political | ||
committee that: | ||
(1) is not established or controlled by a candidate or | ||
an officeholder; | ||
(2) makes or intends to make direct campaign | ||
expenditures; | ||
(3) does not make or intend to make political | ||
contributions to: | ||
(A) a candidate; | ||
(B) an officeholder; | ||
(C) a specific-purpose committee established or | ||
controlled by a candidate or an officeholder; or | ||
(D) a political committee that makes or intends | ||
to make political contributions to a candidate, an officeholder, or | ||
a specific-purpose committee established or controlled by a | ||
candidate or an officeholder; and | ||
(4) has filed an affidavit with the commission stating | ||
the committee's intention to operate as described by Subdivisions | ||
(2) and (3). | ||
SECTION 2. This Act takes effect September 1, 2017. | ||
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