This bill mandates that candidates for the offices of Governor, Lieutenant Governor, and members of the Senate and General Assembly, along with their candidate committees, report contributions within 48 hours of receipt. This requirement overrides existing provisions in current law, specifically section 16 of P.L.1973, c.83 (C.19:44A-16), which outlines different reporting timelines.

Additionally, the bill instructs the Election Law Enforcement Commission (ELEC) to post all reports filed by these candidates on its website within 72 hours of filing during the interim period before the 48-hour reporting requirement is fully implemented. This change aims to enhance transparency in campaign financing by ensuring timely disclosure of contributions. The act is set to take effect immediately upon passage.