Prohibiting contributions, expenditures, and related activities involving a specific-purpose committee for supporting or opposing a ballot measure; creating a criminal offense; providing a civil penalty

TX HB2981 aims to restrict financial contributions and spending by specific-purpose committees that support or oppose ballot measures. It establishes penalties for violations, including criminal offenses and civil fines. The bill seeks to increase transparency and accountability in the funding of ballot measure campaigns.

Supporters of TX HB2981 argue that the bill will help ensure fair play in the electoral process by limiting the influence of money in ballot measure campaigns. They believe it will promote transparency and protect voters from misleading information funded by special interest groups.

Critics of TX HB2981 contend that the bill could stifle free speech and limit grassroots efforts to mobilize support for important issues. They argue that the restrictions on funding may disproportionately impact smaller organizations and hinder their ability to effectively advocate for or against ballot measures.