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. Key provisions include the prohibition of foreign contributions and expenditures, the establishment of reporting requirements for candidates, political action committees (PACs), and political parties, and the appointment of political treasurers. Candidates are required to maintain detailed records of contributions and expenditures, disclose the sources of these contributions, and adhere to specific contribution limits, such as a cap of $1,500 for state legislative and local government offices, and $6,000 for statewide offices. The bill also mandates that all reports filed with the Secretary of State be certified as true and correct, and it outlines penalties for violations of these regulations.

Additionally, the bill introduces the "Freedom from AI-Rigged (FAIR) Elections Act," which regulates the use of synthetic media in electioneering communications, requiring clear disclosures for manipulated media. It establishes new reporting requirements for PACs, including the appointment of political treasurers and the maintenance of campaign finance accounts. The bill also mandates that any individual or entity making electioneering communications of $100 or more must file a report detailing expenditures. Furthermore, it amends existing laws related to lobbying and political activities, enhancing transparency and accountability in these areas. Overall, the legislation aims to promote fair electoral processes in Idaho by ensuring comprehensive reporting and compliance with campaign finance regulations.

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