West Virginia HB4848 mandates disclosure of election expenditures exceeding $1,000, aiming to combat "dark money" in political advertising.
West Virginia HB4848 requires individuals or entities making independent expenditures over $1,000 in a calendar year to file a disclosure statement. This includes details such as the name of the person or entity making the expenditure, the names of contributors, and the amount of each expenditure. The bill also mandates that recipients of transfers over $10,000 notify contributors to submit required information within 48 hours. Failure to comply results in fines and potential jail time.
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