The proposed bill amends Title 74 of the Idaho Code by introducing a new Chapter 3, titled "Campaign Finance Transparency," which aims to enhance transparency in campaign financing. It establishes regulations that define key terms, prohibit foreign contributions and expenditures, and set forth reporting requirements for candidates, political action committees (PACs), and political parties. The bill mandates the appointment of political treasurers, imposes limitations on contributions, and requires that all reports filed with the Secretary of State be certified as true and correct. Additionally, it outlines penalties for violations and includes provisions to streamline existing laws related to campaign finance.

Furthermore, the bill introduces the "Freedom from AI-Rigged (FAIR) Elections Act," which regulates the use of synthetic media in electioneering communications, allowing candidates to seek relief against misleading content. It also establishes new requirements for PACs, including the prohibition of personal use of contributions and the necessity for timely reporting of financial activities. The legislation aims to create a more transparent and accountable campaign finance system in Idaho, ensuring that all financial contributions and expenditures are reported accurately and that candidates are protected from deceptive media practices.

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
Engrossment 1: 67-6602, 67-6621, 67-6625, 19-5904, 19-6004, 44-2602, 44-2605, 50-2006, 50-2005, 67-5282, 72-1503