SB 414 Nevada Senate · 2025 Regular Session

Revises provisions relating to governmental administration. (BDR 23-1111)

SB 414 expands Nevada's financial disclosure requirements to include certain state employees appointed by constitutional officers (e.g., governors, attorneys general) who serve "at the pleasure" of those officials and are not part of the state's classified or unclassified workforce. It lowers disclosure thresholds: requiring reporting of real estate valued at $2,500+ (removing geographic limits) and business holdings/securities valued at $5,000+ (previously 1% ownership). The bill also mandates inaugural committees to report contributions/expenditures and requires newly elected constitutional officers to report transition-related finances. These changes apply to public officers, state employees, and candidates for office, broadening transparency for financial interests.

Bill status vetoed 4 of 5 stages cleared

Introduction

Mar 2025

Committee Review

May 2025

Senate Passage

Apr 2025

Assembly Passage

May 2025

Vetoed

Jun 2025

Introduced Mar 20, 2025 Vetoed Jun 10, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Reprint 1 → As Enrolled · 6 edits

MODERATE

This bill expands financial disclosure requirements to include certain state employees appointed by constitutional officers, broadens the types of assets that must be reported by public officials, and introduces new reporting rules for inaugural committees and newly elected constitutional officers. It also prohibits foreign nationals from contributing to inaugural committees.

Scope change

The bill expands the scope of the Nevada Financial Disclosure Act to include specific categories of state employees who were previously exempt, and it extends reporting requirements to cover a wider range of assets and new types of political entities.

ELIGIBILITY

Requires certain state employees appointed by constitutional officers to file financial disclosure statements if they are not in the classified or unclassified service and serve at the pleasure of the appointing officer.

REQUIREMENT

Removes the geographic restriction on real estate disclosures, requiring officials to report properties located anywhere, not just in Nevada or adjacent states.

Increases the reporting threshold for business entities and investment securities from $2,500 to $5,000.

Mandates that inaugural committees report specific contributions and expenditures, and prohibits foreign nationals from making contributions to these committees.

ADDED

Requires candidates elected to constitutional offices to report contributions and expenditures related to their transition into office for a specific period preceding the election and the next legislative session.

DEFINITION

Adds a new definition for "inaugural committee" and clarifies terms like "constitutional office" and "constitutional officer" to ensure consistent application of new rules.

Floor votes · Assembly May 23, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 10, 2025

Vetoed

Vetoed by the Governor. (Return to 84th Session.)

executive

May 29, 2025

Lower · Passed

Assembly Amendment No. 777 concurred in. To enrollment.

lower

May 23, 2025

Lower · Passed

Taken from Chief Clerk's desk. Placed on General File. Read third time. Amended. (Amend. No. 777.) Dispensed with reprinting. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 27, Nays: 15.) To printer. From printer. To engrossment. Engrossed. First reprint. To Senate. In Senate.

lower

May 14, 2025

Lower · Passed

From committee: Do pass.

lower

Apr 16, 2025

Upper · Passed

Read third time. Passed. Title approved. (Yeas: 13, Nays: 8.) To Assembly.

upper

Apr 14, 2025

Upper · Passed

From committee: Do pass. Placed on Second Reading File. Read second time.

upper

Mar 21, 2025

Upper · Passed

From printer. To committee.

upper

2 primary · 3 co-sponsors