The bill aims to regulate campaign contributions by prohibiting principal campaign committees, political action committees, and political parties from accepting credit card contributions made via the Internet if the billing address is outside the United States. The new legal language specifies that contributions can only be accepted if the contributor provides the credit card verification value or code and has a billing address located in the U.S. However, there is an exception for U.S. citizens living abroad, who must provide a U.S. mailing address used for voter registration purposes when their billing address is outside the U.S.

Additionally, the bill mandates that the treasurer of each campaign committee or political entity maintain records of contributors for reporting purposes. It also imposes penalties on credit card processors that fail to comply with these requirements, subjecting them to forfeiture equal to the total amount of contributions processed without the necessary verification. The act is set to take effect on October 1, 2026.

Statutes affected:
Introduced: 17-5-2
Enrolled: 17-5-2