The Tennesseans Jessica Fender has a great article on the Ulysses Jones loophole.
The bill by Rep. Ulysses Jones, D-Memphis, would open a loophole allowing lawmakers who knowingly lie on their disclosure forms, or try to hide large donations, to escape punishment.......It could create a situation where someone intentionally left off 30 or 40 donations and the Registry couldn't do anything about it," said Drew Rawlins, executive director of the Registry of Election Finance.
During the 2005 Tennessee Waltz federal bribery sting, Jones accepted money from FBI front company E-Cycle Management Services. He said then that the $1,000 was a campaign contribution, and he was not indicted.
I have spoken with the senate sponsor and he has said the bill will now be receiving major amendments if not killed outright. Good to hear.