Bill > SB395

This bill amends Arkansas law concerning statements of financial interest by modifying reporting requirements for public servants and candidates. The changes include clarifying the disclosure of income sources, requiring identification of employers and income over $1,000, and specifying detailed rules about investment and holding reporting. Now, individuals must identify employers and income sources, but are not required to itemize individual income components. The bill expands the definition of "investment or holding" to include stocks, bonds, futures contracts, and other securities, while excluding publicly traded government securities and retirement system investments. Notably, the bill adds a provision that if a person owns more than 1% of a business's stock, they must report investments within that business as if held personally. Additionally, the bill introduces a new section making it a Class A misdemeanor to purposely use information from a financial interest statement to commit a crime against the person filing the statement, their spouse or child, or a business in which they have significant stock ownership. The bill also explicitly states that these provisions do not restrict the Arkansas Ethics Commission's investigative powers.

Government Affairs

https://arkleg.state.ar.us/Bills/Detail?id=sb395&ddBienniumSession=2025%2F2025R