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 prohibits foreign contributions, independent expenditures, and electioneering communications while establishing requirements for commercial recordkeeping and mandating that reports be certified by the Secretary of State. The bill outlines the responsibilities of candidates, political action committees (PACs), and political party committees regarding financial reporting and contribution limits, and it prohibits coordination between candidates and independent expenditure groups. Additionally, it repeals Chapter 66 of Title 67, which previously governed election campaign contributions and expenditures, emphasizing the importance of public confidence in government.

The legislation also introduces new regulations for persuasive polling, requiring disclosure of the identity of individuals or organizations that request or compensate for polls. It mandates candidates to create a campaign finance account with the Secretary of State's office upon announcing their candidacy or receiving contributions. The bill details the responsibilities of political treasurers, including maintaining a checking account for campaign funds and filing regular reports. It establishes contribution limits, prohibits the conversion of contributions for personal use, and sets forth reporting requirements for PACs and individuals making electioneering communications or independent expenditures. The Secretary of State is tasked with enforcing these provisions, and the bill includes penalties for violations, ensuring accountability and transparency in campaign financing.

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