Raised Bill No. 7128 seeks to modernize and clarify the definitions of "contribution" and "expenditure" within the context of political campaign finance. The bill repeals subsection (b) of section 9-601a and introduces new provisions that specify what does not constitute a contribution, including exemptions for nonpartisan voter registration campaigns, uncompensated volunteer services, and the provision of food and beverages for campaign events, all subject to monetary limits. It also outlines scenarios where contributions are not considered, such as the sale of food at community events and donations for fundraising affairs. Additionally, the bill restricts lobbyists and state contractors from purchasing advertising space in campaign materials to enhance transparency and limit undue influence.

Furthermore, the bill modifies the definition of "expenditure" by repealing subsection (b) of section 9-601b and replacing it with a framework that clarifies what does not count as an expenditure, including loans from banks and certain types of endorsements. It introduces new legal language that specifies that voluntary payments made by contributors to online donation platforms will not be classified as contributions, nor will the use of these platforms to request such payments be considered an expenditure. The bill also retains provisions regarding resources from party committees and legislative caucus committees while deleting previous allowances for minor expenses incurred by individuals benefiting candidates. The changes aim to streamline campaign finance regulations and enhance transparency in political endorsements, with the bill set to take effect upon passage.