Bill > SB0621

This bill amends Tennessee campaign finance law by modifying the reporting requirements for corporate political communications. Specifically, the bill expands the definition of when a corporation must be considered a political campaign committee and required to report expenditures. Under the revised language, a corporation will be classified as a political campaign committee if it uses corporate funds to create communications that expressly support or oppose the election or defeat of a clearly identified candidate or elected official, without the cooperation or prior consent of that candidate or their agents. The key change is the broader language around "supporting or opposing" versus the previous language of "advocating the election or defeat," which may provide a more comprehensive framework for tracking corporate political spending. The bill also specifies that these reporting requirements apply even if the communication is made independently of the candidate's campaign. The legislation will take effect immediately upon becoming law, as determined by the Tennessee General Assembly.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0621&ga=114