SB395

Senate Bill 395 amends Arkansas law regarding the required information in statements of financial interest for public servants and candidates. It clarifies disclosure requirements for gross income sources and investment holdings, including specific definitions of reportable investments while excluding certain government securities and pension-managed assets. For publicly traded companies, the bill permits the use of stock symbols in lieu of physical business addresses. The bill also specifies that individuals must report investments held within trusts or businesses where they own more than one percent of the stock as if held personally. Additionally, it ensures that these disclosure rules do not limit the investigative authority of the Arkansas Ethics Commission. Finally, the bill creates a new Class A misdemeanor for the unlawful use of information found in a statement of financial interest to commit a crime against the filer, their family members, or their business interests.