Bill > SB1359

This bill modifies campaign contribution rules by increasing the maximum annual contribution limit for political party committees from $10,000 to $100,000, and expanding the types of entities allowed to make contributions to include corporations, labor unions, limited liability companies, and partnerships. The bill updates references to federal law, specifically changing citations from 2 U.S.C. to 52 U.S.C., and clarifies that contributions to different levels of party committees (state, county, precinct) will be aggregated for the purpose of calculating the contribution limit. Additionally, the bill repeals several existing rules related to contributions by corporations, labor unions, limited liability companies, and partnerships, effectively removing previous restrictions on these types of entities making political contributions. The changes to campaign finance regulations will take effect on January 1, 2027, providing ample time for political organizations and potential contributors to adjust to the new rules.

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1359&Session=2600