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Bill > S0253


SC S0253

SC S0253
Electronic filing system for disclosures and reports


summary

Introduced
01/08/2019
In Committee
01/08/2019
Crossed Over
Passed
Dead
09/24/2020

Introduced Session

123rd General Assembly

Bill Summary

Amend Section 8-13-365, Code Of Laws Of South Carolina, 1976, Relating To An Electronic Filing System For Disclosures And Reports, So As To Require The State Ethics Commission To Establish A New Online Campaign Account Monitoring And Auditing Department, To Delineate The Department's Duties And Responsibilities, And To Require The State Ethics Commission To Ensure The Department Is Staffed Sufficiently With Adequately Trained Legal And Accounting Personnel; And To Amend Section 8-13-1312, Relating To Campaign Bank Accounts, So As To Require All Candidates And Elected Public Officials Who Are Required To File Certified Campaign Reports Pursuant To Article 13, Chapter 13, Title 8 To Locate, Host, Or Maintain Their Campaign Accounts In A Financial Institution That Satisfies The Requirements Of This Act And Offers Real-time Online Banking Or Access To A Customer's Account Information Through The Institution's Internet Website, To Require All Candidates And Elected Public Officials To Provide The State Ethics Commission Access To Their Campaign Account Online Banking Information, And To Require All Candidates And Elected Public Officials To Pay, Transfer, Or Remit To The State Ethics Commission An Amount Equal To Five Percent Of The Total Contributions Received By The Candidate Or Elected Public Official During The Reporting Period.

AI Summary

This bill amends the South Carolina Code to (1) require the State Ethics Commission to establish a new online campaign account monitoring and auditing department, and (2) mandate that all candidates and elected public officials who are required to file campaign reports locate their campaign accounts in financial institutions that offer real-time online banking, provide the Commission access to their campaign account information, and pay 5% of their total contributions to the Commission to fund the new department. The bill aims to enhance transparency and oversight of campaign finance by closely monitoring campaign accounts and transactions.

Committee Categories

Justice

Sponsors (1)

Last Action

Referred to Committee on Judiciary (on 01/08/2019)

bill text


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