How AB 497 changes current law

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

This bill modifies campaign finance law by expanding the permissible uses of contributions for political action committees and updating the definitions and reporting requirements for these organizations.

• NRS 294A.130

  A committee for political action may use money in the separate account opened and maintained pursuant to subsection 3 of NRS 294A.130 to: 1. Subject to the limitations set forth in NRS 294A.100, make a contribution to a candidate; 2. Make a contribution to a legal defense fund; 3. Make a contribution to a nonprofit corporation; 4. Make a contribution to another committee for political action; 5. Make a contribution to a committee for the recall of a public officer; 6. Make a contribution to a political party or a committee sponsored by a political party; or 7. Make any expenditure, including, without limitation, an independent expenditure.

  Committees for political action are now permitted to use their funds for specific contributions and expenditures previously not allowed.

• NRS 294A.0055

  Any labor union.

  Labor unions are explicitly excluded from the definition of a committee for political action.

• NRS 294A.160

  A candidate who is defeated for or otherwise not elected to that office → A candidate who is defeated

  Definition of the time frame for defeated candidates to dispose of unspent contributions has been clarified.

• NRS 294A.160

  not later than the 15th day of the second month after the election → not later than October 1, 2029.

  Defeated candidates must now dispose of unspent contributions by a specified future date.

• NRS 294A.160

  within 4 years if the former public officer does not file a declaration of candidacy or appear on the ballot. → not later than 15 days after the 4-year period immediately following leaving office.

  The time frame for former public officers to dispose of unspent contributions has been changed to a specific deadline.

• NRS 294A.210

  any person that is not a committee for political action that makes certain expenditures in excess of $1,000 to report such expenditures.

  Reporting requirements are extended to individuals and organizations that are not considered committees for political action.