Campaign finance; campaign contributions required to be held in federally insured institution

HB 252 requires political action committees (PACs) and principal campaign committees in Alabama to hold all campaign contributions in federally insured financial institutions (like FDIC-insured banks). This amendment to Alabama's Fair Campaign Practices Act specifies that contributions, including any investment proceeds, must be deposited and maintained in such institutions, directly affecting campaign finance committees. The bill does not change how funds can be spent but mandates that all campaign funds be held in accounts backed by federal insurance for safety. It amends Section 17-5-6 of the Alabama Code and takes effect October 1, 2026.