Bill > HB0456

This bill amends Tennessee campaign finance law by modifying the conditions under which a corporation is considered a political campaign committee for reporting expenditures. Specifically, the bill expands the language around corporate communications that might trigger campaign finance reporting requirements. Under the revised law, a corporation that uses its funds to communicate messages supporting or opposing a specific candidate or elected official - without that candidate's cooperation or consent - would be classified as a political campaign committee and required to report such expenditures. The key change is broadening the scope from communications that "expressly advocating" an election outcome to communications "expressly supporting or opposing" a candidate, which potentially captures a wider range of corporate political communications. The bill takes effect immediately upon becoming law, reflecting the legislature's view that the changes serve the public interest by increasing transparency in campaign-related spending.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0456&ga=114