SB 5 - This act creates the "Dark Money Disclosure Act."Under this act, information relating to covered transfers and reportable outlays made by any person that is not a committee are required to be disclosed.
Specifically, if such an entity:
• Has accepted one or more covered transfers since the most recent general election; and
• Has made one or more reportable outlays aggregating $5,000 or more since the most recent general election
the entity is required to file a report within 14 days after the date of making a reportable outlay which, by itself or in combination with other reportable outlays made since the most recent general election, equals $500 or more. These threshold limits shall increase in even-numbered years, as prescribed in the act.
Reportable outlays made within 30 days of an election shall be reported no later than 48 hours after the reportable outlay was made.
Any covered transfer accepted by a reporting entity that is a payment for bona fide membership dues that do not exceed $2,500 in a five year period do not need to be reported under this act.
Rulemaking authority is granted to the Missouri Ethics Commission as prescribed in the act. The Commission is further required to make reports filed available to the public on its website within 5 days of receipt, as described in the act.
Every person failing to file a report as required by this act shall receive a warning from the executive director of the Missouri Ethics Commission. After one warning, a person failing to file a report shall be assessed a late filing fee of one hundred dollars for each day after such report is due to the Commission, provided that the total amount of such fees assessed under this act shall not exceed five thousand dollars per report.
This act contains a severability clause.
This act is substantially similar to SCS/SB 73 (2017).
SCOTT SVAGERA