The proposed bill introduces a new Chapter 3, titled "Campaign Finance Transparency," to Title 74 of the Idaho Code, aimed at enhancing transparency in campaign financing. It defines key terms, prohibits foreign contributions and expenditures, and establishes reporting requirements for candidates, political action committees (PACs), and political parties. The bill mandates the appointment of political treasurers, sets contribution limits, and requires disclosure of the sources of contributions and expenditures. It also includes provisions for media outlets to maintain records of financial obligations and imposes civil fines for non-compliance with reporting requirements. Additionally, the bill repeals several existing sections of the Idaho Code related to campaign finance to streamline the legal framework.

Furthermore, the bill establishes new regulations for candidates, including the requirement to maintain a campaign finance account and report contributions exceeding $1,000 within 48 hours. It introduces specific contribution limits for various offices and prohibits anonymous contributions. The legislation also addresses independent expenditures, requiring candidates to notify the secretary of state when such expenditures are made against them. New provisions under the "Freedom from AI-Rigged (FAIR) Elections Act" allow candidates to seek legal remedies against deceptive representations through synthetic media. Overall, the bill aims to enhance the integrity of the electoral process by ensuring accountability and transparency in campaign financing practices in Idaho.

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