TO AMEND ARKANSAS LAW CONCERNING STATEMENTS OF FINANCIAL INTEREST; AND AMENDING A PORTION OF ARKANSAS LAW RESULTING FROM INITIATED ACT 1 OF 1988.

SB 395 aimed to modify Arkansas law concerning statements of financial interest filed by public servants and candidates. The bill would have updated requirements for disclosing sources of gross income and investments, including specific thresholds for reporting amounts over $1,000 and $12,500, and defining what constitutes an "investment or holding." It also sought to create a new Class A misdemeanor offense for anyone who purposely uses information from these financial statements to commit a crime against the filer, their family, or their business. Additionally, the bill clarified that these changes would not restrict the Arkansas Ethics Commission's investigative powers.