Candidate campaign committees; prohibited interest payments on certain loans, penalty. (SB385)

Introduced By

Sen. Don McEachin (D-Richmond) with support from co-patron Sen. Tom Garrett (R-Lynchburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Campaign finance; prohibited interest payments on certain loans to candidate campaign committees.  Provides that a campaign committee shall not pay interest on any loan to the committee made by the candidate or by a member of his immediate family. The bill contains a civil penalty. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2012Prefiled and ordered printed; offered 01/11/12
01/11/2012Prefiled and ordered printed; offered 01/11/12 12103916D
01/11/2012Referred to Committee on Privileges and Elections
01/17/2012Assigned to P&E sub: Campaigns and Elections
01/24/2012Reported from Privileges and Elections (15-Y 0-N) (see vote tally)
01/26/2012Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/27/2012Impact statement from DPB (SB385)
01/27/2012Read second time and engrossed
01/30/2012Read third time and passed Senate (38-Y 2-N) (see vote tally)
02/13/2012Placed on Calendar
02/13/2012Read first time
02/13/2012Referred to Committee on Privileges and Elections
02/13/2012Assigned P & E sub: Campaign Finance Subcommittee
02/15/2012Subcommittee recommends reporting (5-Y 0-N)
02/17/2012Reported from Privileges and Elections (22-Y 0-N) (see vote tally)
02/20/2012Read second time
02/21/2012Read third time
02/21/2012Passed House BLOCK VOTE (100-0Y 0-N)
02/21/2012VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/24/2012Enrolled
02/24/2012Bill text as passed Senate and House (SB385ER)
02/24/2012Impact statement from DPB (SB385ER)
02/24/2012Signed by Speaker
02/27/2012Signed by President
03/07/2012G Approved by Governor-Chapter 163 (effective 7/1/12)
03/07/2012G Acts of Assembly Chapter text (CHAP0163)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 40 seconds.