Relative to campaign disclosures for limited liability companies.

HB141 aims to change how limited liability companies (LLCs) report their campaign contributions. This bill would require LLCs to disclose more information about their financial backers in political campaigns, similar to how corporations currently do. This could impact businesses that operate as LLCs and their financial contributors, making their involvement in political funding more transparent.

The bill was introduced on January 6, 2025, and has moved through several steps in the legislative process. It was referred to the Election Law committee, where it received mixed reports. On March 17, 2025, the majority committee report found it inexpedient to legislate, while the minority committee report suggested it should pass. On March 27, 2025, the House voted to consider it inexpedient to legislate by a voice vote.

Key milestones include a public hearing on February 11, 2025, an executive session on February 18, 2025, and a majority committee report on March 17, 2025. Currently, the bill has been deemed inexpedient to legislate, which means it is unlikely to move forward in its current form. However, the discussions and reports provide insight into the considerations around campaign finance transparency for LLCs.