Utah's House Bill 95, introduced on January 3, 2025, aims to enhance transparency in campaign financing by imposing stricter reporting requirements on corporations involved in political contributions. The bill mandates that corporations disclose detailed financial statements, including all expenditures made since the last report, and any contracts exceeding $100,000 that they have bid on or are currently involved in.

Key provisions of H.B. 95 require corporations to provide a comprehensive list of expenditures, including the names and addresses of entities receiving funds, the total amount disbursed, and a certification of accuracy from the corporation's treasurer or chief financial officer. Notably, corporations will be exempt from filing if no expenditures were made during the reporting period, streamlining the process for those with minimal financial activity.

The bill addresses ongoing concerns about the influence of corporate money in politics, aiming to create a more level playing field by ensuring that voters have access to information about who is funding political campaigns. This move has sparked debates among lawmakers, with proponents arguing that increased transparency will help combat corruption and restore public trust in the electoral process. Critics, however, express concerns that the additional reporting requirements may burden smaller corporations and stifle political engagement.

The implications of H.B. 95 extend beyond mere compliance; it could reshape the landscape of campaign financing in Utah. Experts suggest that by making financial contributions more visible, the bill may deter unethical practices and encourage more informed voting decisions among constituents. As the bill is set to take effect on May 7, 2025, stakeholders are closely monitoring its potential impact on both corporate behavior and electoral integrity in the state.