summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
02/13/2024
02/13/2024
Introduced Session
2024 Regular Session
Bill Summary
Campaign finance; campaign contribution limits; civil penalty. Prohibits persons from making any single contribution, or any combination of contributions, that exceeds $20,000 to any one candidate for Governor, Lieutenant Governor, Attorney General, or the Senate of Virginia or $10,000 to any one candidate for the House of Delegates in any one election cycle. The bill does not place any limits on in-kind contributions to such candidates from political party committees. The bill establishes thresholds for any candidates making contributions to their own campaign in excess of $400,000 in a race for Governor, Lieutenant Governor, Attorney General, or the Senate of Virginia or $200,000 in a race for House of Delegates. The bill also prohibits persons from making any single contribution, or any combination of contributions, that exceeds $10,000 to any one political committee in any calendar year. Civil penalties for violations of the limits established by the bill may equal up to two times the excess contribution amounts.
AI Summary
This bill establishes limits on campaign contributions to candidates for statewide office (Governor, Lieutenant Governor, Attorney General) and the Virginia General Assembly. It prohibits individuals or committees from making contributions exceeding $20,000 to candidates for statewide office or $10,000 to candidates for the House of Delegates in any election cycle. It also limits contributions to political committees to $10,000 per calendar year. The bill includes provisions for adjusting these limits based on inflation and exceptions for candidates who contribute over $400,000 (statewide) or $200,000 (General Assembly) to their own campaigns. Violations of the contribution limits can result in civil penalties up to twice the excess contribution amount.
Committee Categories
Government Affairs
Sponsors (3)
Last Action
Left in Privileges and Elections (on 02/13/2024)
Bill Topics
Civil Rights, Minority Issues, and Civil Liberties
- ‐ Campaign Finance and Political Spending
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB874 | 01/10/2024 |
| Fiscal Note/Analysis - House: Prefiled and ordered printed; offe | https://lis.virginia.gov/cgi-bin/legp604.exe?241+oth+HB874F122+PDF | 01/23/2024 |
| BillText | https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB874+hil | 01/10/2024 |
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