The bill amends Section 17-5-8.1 of the Code of Alabama 1975 to enhance campaign finance transparency and protect the privacy of principal campaign committees. Key changes include the requirement for all campaign finance filings to be submitted electronically and the establishment of a public electronic database, named the Alabama Fair Campaign Practices Act (FCPA) Reporting System, which will allow for searchable access to these filings. The Secretary of State is tasked with redacting the addresses of principal campaign committees before publishing any information on this database.

Additionally, the bill specifies that principal campaign committees or political action committees must report any single contribution of $20,000 or more within two business days of receipt, and they must close their books two days prior to reporting dates. The language also updates certain terms for clarity, such as replacing "promulgate" with "adopt" in reference to the Secretary of State's rule-making authority. The act is set to take effect on February 1, 2027.

Statutes affected:
Introduced: 17-5-8
Engrossed: 17-5-8