Alabama HB252 mandates that political action committees and principal campaign committees hold campaign contributions in federally insured financial.

Alabama HB252 amends the Fair Campaign Practices Act to require political action committees and principal campaign committees to deposit and hold all campaign contributions in federally insured financial institutions. This bill specifies that contributions must be held in checking accounts, money market accounts, or similar banking accounts. Expenditures from these accounts must be made by check, electronic transfer, credit card, or petty cash fund. The law remains silent on investing campaign contributions. The amendment takes effect on October 1, 2026.

Alabama HB252 mandates that political action committees and principal campaign committees hold campaign contributions in federally insured financial.

Alabama HB252 amends the Fair Campaign Practices Act to require political action committees and principal campaign committees to deposit and hold all campaign contributions in federally insured financial institutions. This bill specifies that contributions must be held in checking accounts, money market accounts, or similar banking accounts. Expenditures from these accounts must be made by check, electronic transfer, credit card, or petty cash fund. The law remains silent on investing campaign contributions. The amendment takes effect on October 1, 2026.