House Bill 252 Alabama 2026 Session

Summary

Primary Sponsor

Mike Shaw Representative

Republican

Session

2026 Regular Session

Title

Campaign finance; campaign contributions required to be held in federally insured institution

Description

The Fair Campaign Practices Act requires political action committees and principal campaign committees to deposit and hold campaign contributions in and make expenditures from a banking account. The law also states that contributions, along with any proceeds made from investing the contributions, may be used to pay expenditures. The law is otherwise silent with regard to investing campaign contributions.

This bill would require all contributions to a political action committee or principal campaign committee to be held in a federally insured financial institution.

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Subjects

Elections, Voting, & Campaigns