This bill proposes significant updates to the current statutes regarding campaign contributions by corporations, limited liability companies, and labor organizations. Under the new provisions, as indicated by ..., these entities would be required to register and notify the appropriate filing officer within one day of making contributions that meet specified threshold amounts to political action committees or other organizations aimed at influencing candidate elections. The thresholds include contributions of $5,000 or more for statewide races, $2,500 or more for legislative races, and $1,000 or more for local races. The bill also mandates that the Secretary of State provide electronic filing options and public access to this information. Additionally, the bill introduces new requirements for the registration and notification process, including detailed information about the contributing entity and the contribution itself, as well as a notarized sworn statement confirming the authority of the person making the contribution. It establishes penalties for non-compliance, including civil penalties up to three times the contribution amount and criminal penalties for knowingly false filings. The current law, as marked by ..., remains unchanged, but the new provisions aim to enhance transparency and accountability in campaign financing.

Statutes affected:
Introduced Version: 16-916, 16-926.01