Bill: Draft Candidate Disclosure Amendment Act

[Aladeen]

CONGRESS OF THE
COMMONWEALTH OF REDMONT
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A BILL TO

Amend the Electoral Act to Require Financial Disclosure by Candidates for Elected Office



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The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:


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PART I — PRELIMINARIES

1 - Short Title and Enactment

(1) This Act may be cited as the “Candidate Disclosure Amendment Act”.

(2) This Act shall be enacted immediately upon its signage.

(3) This Act has been authored by Aladeen.

(4) This Act has been co-sponsored by ToadKing.

(5) This Act amends the following acts: Electoral Act.

2 - Reasons

(1) To increase transparency and accountability for those seeking elected office within the Commonwealth of Redmont.

(2) To ensure voters are able to review relevant financial interests of candidates before casting their vote.

PART II — AMENDMENTS

3 - Amendments

(1) Section 4 of the Electoral Act shall be amended as follows:

(6) Financial Disclosure Requirement

(a) Any person declaring candidacy for the office of President, Senator, or Representative must submit a financial disclosure statement during the declaration period.

(b) The disclosure must include the following information:

(i) Total Assets. The candidate’s total amount of assets, including money held in personal balance, bank accounts, or financial institutions.

(ii) Business Ownership. Any ownership interest, partnership, or controlling stake in a business entity.

(iii) Executive Positions. Any position held as an executive officer, director, or board member in a business entity in the past three months.

(c) All disclosures required under this section shall be filed publicly through a designated thread on the Department of State forums.

(d) The Department of State shall maintain separate filing sections for:

(i) Presidential candidates and their declared running mates.

(ii) Candidates for Representative.

(iii) Candidates for Senator.

(e) Failure to submit the required disclosure before the close of the declaration period shall disqualify the candidate, or in the case of a presidential ticket the ticket, from appearing on the ballot.

(f) Any candidate who knowingly provides false, incomplete, or misleading information in a financial disclosure statement commits the offence of False Financial Disclosure under the Criminal Code Act.

(g) If a candidate is found to have violated Section 6, Subsection (f):

(i) Prior to the conclusion of the election, they shall be disqualified from the ballot;

(ii) After being elected:
A candidate may be removed from office:

(a) If a Senator or Representative, through a Motion to Remove passed by their respective chamber.
(b) If President, through the process of impeachment.
(c) By the Courts, where a violation of Section 6, Subsection (f) is proven.

 

[ToadKing]

(iii) Property Ownership. All properties owned by the candidate within Cities or Towns.

Upon reflection, I don't think this is necessary, since it will always be public information that anyone can access.

 

[Aladeen]

Removed

Upon reflection, I don't think this is necessary, since it will always be public information that anyone can access.