Prohibition on campaign contributions from corporations, 4.44(1)
ETHICS AND CAMPAIGN DISCLOSURE BOARD, IOWA
Notice of Intended Action
Twenty-five interested persons, a governmental subdivision, an agency or association of 25 or more persons may demand an oral presentation hereon as provided in Iowa Code section 17A.4(1)"b."
Notice is also given to the public that the Administrative Rules Review Committee may, on its own motion or on written request by any individual or group, review this proposed action under section 17A.8(6) at a regular or special meeting where the public or interested persons may be heard.
Pursuant to the authority of Iowa Code section 68B.32A(1), the Iowa Ethics and Campaign Disclosure Board hereby gives Notice of Intended Action to amend Chapter 4, "Campaign Disclosure Procedures," Iowa Administrative Code.
This proposed amendment is intended to implement Iowa Code section 68A.503, which prohibits campaign contributions from corporations.
Any interested person may make written comments on the proposed amendment no later than October 21, 2013, addressed to Megan Tooker, Iowa Ethics and Campaign Disclosure Board, 510 E. 12th Street, Suite 1A, Des Moines, Iowa 50319; e-mail firstname.lastname@example.org.
A public hearing will be held on October 17, 2013, from 1:30 to 2:30 p.m. at 510 E. 12th Street, Suite 1A, Des Moines, Iowa, at which time persons may present their views either orally or in writing. At the hearing, persons will be asked to give their names and addresses for the record and to confine their remarks to the subject of the proposed amendment.
After analysis and review of this rule making, no impact on jobs has been found.
This amendment is intended to implement Iowa Code section 68A.503.
The following amendment is proposed.
Amend subrule 4.44(1) as follows:
4.44(1) The prohibition on corporate political activity does not apply to any of the following:
a. An LLC, LLP, or any other organization that does not file articles of incorporation and is not owned in whole or in part by a corporation.
b. Monetary or in-kind campaign contributions to a ballot issue committee.
c. Independent expenditure communications.
d. A campaign committee using a corporate entity computer to generate and file a campaign disclosure statement or report.