Substitute Bill No. 1517 proposes comprehensive amendments to campaign finance laws, particularly focusing on independent expenditure political committees. It defines these committees as those that exclusively make independent expenditures to support or oppose candidates, referendum questions, or political parties, and allows for coordination among them. The bill expands the definition of "political committee" to include independent expenditure political committees, formalizing their role in the campaign finance framework. It also modifies reporting requirements, allowing unlimited independent expenditures and covered transfers, while mandating detailed reporting for expenditures exceeding $1,000. The bill removes previous restrictions on report timing and nature, enhancing transparency in campaign financing.

Additionally, the bill introduces stricter penalties for failing to file required reports, with civil penalties increasing based on the timing of the expenditure relative to the election date. It establishes new contribution limits for various political offices and clarifies the rules surrounding contributions from business entities, prohibiting them from contributing to candidates or political parties except for specific administrative expenses. The bill also streamlines the complaint process regarding election law violations, modifies the language used in decision-making, and sets a timeline for the commission to act on complaints. Overall, Substitute Bill No. 1517 aims to enhance transparency, accountability, and compliance within the campaign finance system while modernizing the legal framework governing elections.

Statutes affected:
Raised Bill: 9-601, 9-601c, 9-611, 9-613, 9-614, 9-615, 9-620
GAE Joint Favorable: 9-601, 9-601c, 9-611, 9-613, 9-614, 9-615, 9-620
File No. 674: 9-601, 9-601c, 9-611, 9-613, 9-614, 9-615, 9-620
JUD Joint Favorable: 9-601, 9-601c, 9-611, 9-613, 9-614, 9-615, 9-620