Bill > SB1059

This bill proposes several changes to the Rules of the Ethics Commission in Oklahoma related to campaign finance. Key provisions include: 1) Prohibiting candidate committees from making contributions to other candidate committees for state or federal office. 2) Limiting the amount of contributions that can be made between different types of committees, such as limiting contributions from limited committees to other limited or unlimited committees to $5,000 per calendar year. 3) Prohibiting certain entities like limited committees, partnerships, and corporations from making contributions to unlimited committees that are organized solely for independent expenditures or electioneering communications. 4) Requiring that political action committees, political party committees, and out-of-state committees making contributions in Oklahoma be formed and domiciled in the state, with resident treasurers and compliance officers. 5) Prohibiting out-of-state political action committees and certain tax-exempt organizations from making contributions to candidates in Oklahoma. The bill also provides an effective date of November 1, 2023.