HB 2701

Abstract

Campaign finance; campaign contribution limits; civil penalty. Prohibits persons from making any single contribution, or any combination of contributions, that exceeds $20,000 to any one candidate for Governor, Lieutenant Governor, Attorney General, or the Senate of Virginia or $10,000 to any one candidate for the House of Delegates in any one election cycle. The bill does not place any limits on in-kind contributions to such candidates from political party committees. The bill establishes thresholds for any candidates making contributions to their own campaign in excess of $400,000 in a race for Governor, Lieutenant Governor, Attorney General, or the Senate of Virginia or $200,000 in a race for House of Delegates. The bill also prohibits persons from making any single contribution, or any combination of contributions, that exceeds $10,000 to any one political committee in any calendar year. Civil penalties for violations of the limits established by the bill may equal up to two times the excess contribution amounts.

A BILL to amend the Code of Virginia by adding in Chapter 9.3 of Title 24.2 an article numbered 3.1, consisting of sections numbered 24.2-948.6 through 24.2-948.11, and by adding in Article 8 of Chapter 9.3 of Title 24.2 a section numbered 24.2-953.6, relating to campaign finance; campaign contribution limits; civil penalty.