VA HB492

Bill

VA HB492

Campaign finance; record retention requirements and reviews of campaign finance disclosure reports.

Introduced
01/11/2022

In Committee
03/02/2022

Crossed Over
03/10/2022

Passed
03/21/2022

Dead

Signed/Enacted/Adopted
04/08/2022

Introduced Session

2022 Regular Session

Bill Summary

Campaign finance; record retention requirements and reviews of campaign finance disclosure reports. Requires campaign committee treasurers to retain certain records that may be used in reviews of campaign committee accounts. The bill gives the Department of Elections the authority and duty to conduct reviews of a percentage of campaign committees and to report the results of such reviews annually to the State Board of Elections, the Governor, and the General Assembly and make such report available on the Department's website. The bill has a delayed effective date of January 1, 2024, and provides that campaign finance reports filed prior to January 1, 2024, are not subject to the provisions of the bill. Campaign finance; record retention requirements and reviews of campaign finance disclosure reports. Requires campaign committee treasurers to retain certain records that may be used in reviews of campaign committee accounts. The bill gives the Department of Elections the authority and duty to conduct reviews of a percentage of campaign committees and to report the results of such reviews annually to the State Board of Elections, the Governor, and the General Assembly and make such report available on the Department's website. The bill has a delayed effective date of January 1, 2024, and provides that campaign finance reports filed prior to January 1, 2024, are not subject to the provisions of the bill.

AI Summary

This bill requires campaign committee treasurers to retain certain financial records, such as bank statements and invoices, that may be used in reviews of campaign finance disclosure reports conducted by the Virginia Department of Elections. The bill gives the Department the authority and duty to review a percentage of campaign committees after each general election, including all statewide candidates and a sample of other candidates, in order to reconcile the campaign's financial records and ensure the accuracy and completeness of the reports. The bill has a delayed effective date of January 1, 2024, and does not apply to campaign finance reports filed before that date.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (5)

David Bulova (D)*, Timothy Anderson (R), Dan Helmer (D), Kenneth Plum (D), Marcus Simon (D),

Last Action

Governor: Acts of Assembly Chapter text (CHAP0258) (on 04/08/2022)

Official Document

https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB492

Version:

Document Type	Source Location
State Bill Page	https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB492
BillText	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0258+hil
Bill	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0258+hil+pdf
BillText	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB492ER+hil
Bill	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB492ER+hil+pdf
Fiscal Note/Analysis - House: Bill text as passed House and Sena	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+HB492FER122+PDF
Senate amendments not adopted	https://lis.virginia.gov/cgi-bin/legp604.exe?221+amd+HB492ASR
Senate amendments engrossed	https://lis.virginia.gov/cgi-bin/legp604.exe?221+amd+HB492ASE
Senate amendments	https://lis.virginia.gov/cgi-bin/legp604.exe?221+amd+HB492AS
Fiscal Note/Analysis - House: Prefiled and ordered printed; offe	https://lis.virginia.gov/cgi-bin/legp604.exe?221+oth+HB492F122+PDF
BillText	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB492+hil
Bill	https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB492+hil+pdf

Bill > HB492

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (5)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary