Substitute Senate Bill No. 1533 seeks to amend the Citizens' Election Program (CEP) by updating definitions, adjusting contribution limits based on inflation, and modifying eligibility criteria for candidates applying for grants. The bill repeals and replaces subdivision (25) of section 9-601, redefining "organization expenditure" to encompass various forms of candidate support, including campaign materials and events, while allowing candidates to be present at campaign events with food and beverages provided, as long as no contributions are solicited. Additionally, it modifies subsections (b) and (c) of section 9-704 to establish a new schedule for adjusting aggregate contribution amounts for state offices, which will now occur in 2026 and every four years thereafter, based on the consumer price index.

The bill also introduces changes to the maximum individual contribution limits for various state elections, adjusting the current maximum of $250 based on inflation, with specific adjustment dates set for gubernatorial and legislative elections. It updates the eligibility criteria for candidates seeking grants, stipulating that candidates who change their party status after filing a grant application will lose eligibility for additional funds. Furthermore, it clarifies the review process for grant applications by the State Elections Enforcement Commission and modifies the timing for inflationary adjustments and grant applications. Overall, the bill aims to modernize the CEP to reflect current economic conditions and election timelines, with most provisions taking effect upon passage and specific changes set for July 1, 2025, and January 1, 2028.