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 definitions for key terms, prohibits foreign contributions and expenditures, 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. It also includes provisions for media outlets and advertising agencies to maintain records of financial obligations and imposes civil fines for non-compliance with reporting requirements. Additionally, several existing sections of the Idaho Code related to campaign finance are repealed to streamline the legal framework.

Furthermore, the bill introduces specific regulations for candidates, including the establishment of campaign finance accounts, the appointment of political treasurers, and detailed record-keeping of contributions and expenditures. It sets contribution limits for various offices and addresses the coordination between candidates and independent expenditures. The legislation also includes provisions for PACs, requiring them to appoint treasurers and file monthly reports, and introduces the "Freedom from AI-Rigged (FAIR) Elections Act," which regulates the use of synthetic media in political communications. Overall, the bill seeks to promote transparency and accountability in campaign financing while ensuring compliance with strict guidelines.

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