LOBBYIST DISCLOSURES

Amends the Lobbyist Registration Act. In reports, requires the registrant to disclose the street address, city, state, zip code, telephone number, and fax number of persons employing or retaining registrant (as well as other information) and file a copy of the written agreement or a written summary of the oral agreement that binds the registrant with the employer. If the agreement between registrant and employer is oral, then the summary must include (i) whether the registrant is authorized to incur expenditures on behalf of the employer, (ii) whether expenditures the registrant incurs will be reimbursed by the employer, (iii) how the registrant's lobbying-related compensation, if any, is determined including, but not limited to, the length of the contract and method of payment (such as salary, monthly retainer, hourly fee, or other basis), and (iv) the rate of compensation. Provides that failure to file a required report within the time designated or filing a report with false, materially misleading, or materially incomplete information constitutes a violation of the Act. Requires a registrant to preserve for a period of at least 2 years all receipts, statements, and records used in preparing the reports.