The proposed bill amends Title 74 of the Idaho Code by introducing a new Chapter 3, "Campaign Finance Transparency," which aims to enhance transparency in campaign financing. It establishes key definitions, prohibits foreign contributions, and sets forth reporting requirements for candidates, political action committees (PACs), and political parties. The bill mandates the appointment of political treasurers, limits contributions, and requires the disclosure of sources for contributions and expenditures. Additionally, it includes provisions for media outlets to maintain records of obligations incurred by candidates or PACs and imposes civil fines for non-compliance with reporting requirements. The legislation also repeals several existing sections related to campaign finance to streamline the legal framework.

Furthermore, the bill introduces specific regulations for candidates, including the establishment of a campaign finance account, the appointment of a political treasurer, and the maintenance of detailed records of contributions and expenditures. It sets contribution limits for various offices and requires candidates to report significant contributions within 48 hours. The bill also addresses independent expenditures, allowing candidates to accept additional contributions in response to such expenditures. New provisions, such as the "Freedom from AI-Rigged (FAIR) Elections Act," are included to combat deceptive media practices. Overall, the bill aims to promote transparency and accountability in campaign financing while ensuring compliance with reporting requirements.

Statutes affected:
Bill Text: 67-6602, 67-6621, 67-6625, 19-5904, 19-6004, 44-2602, 44-2605, 50-2006, 50-2005, 67-5282, 72-1503