Bill > HB906

This bill, titled the "Louisiana Accountability and Modernization of Disclosure and Electoral Reform Now (LA MODERN) Act," makes several revisions to the Campaign Finance Disclosure Act in Louisiana. Key provisions include: - Defining "independent expenditure-only political committees" and allowing them to receive unlimited contributions from certain donors. - Increasing the amount that can be withdrawn from a petty cash fund from $100 to $200. - Increasing the contribution limits for candidates running for major office, district office, and other offices. - Allowing candidates to receive contributions designated for either the primary or general election and establish accounting methods to track these contributions. - Establishing new procedures for filing complaints with the Supervisory Committee on Campaign Finance Disclosure and increasing penalties for certain financial disclosure violations. - Directing the Board of Ethics to investigate and analyze best practices in other states for modernizing Louisiana's campaign finance and disclosure system, including potential technological upgrades, and report back to the legislature by January 2025. - Setting an effective date of January 1, 2025 for the provisions of the Act.