The proposed bill amends the Campaign Reporting Act to improve transparency and accountability in campaign finance. It requires campaign and political committees to disclose the organizations behind any telephone calls or electronic communications that advocate for or against candidates or ballot measures. The bill standardizes reporting requirements for contributions and expenditures, mandating that any contribution or pledge of $1,000 or more be reported, and introduces a new reporting schedule for monetary contributions received during the legislative session fundraising prohibition period. Additionally, it prohibits the use of campaign funds to repay loans made by candidates that incur interest.

The bill also revises several sections of the Campaign Reporting Act, updating the deadlines for filing reports and specifying that if a reporting date falls on a state holiday, the report must be filed by the next business day. It introduces new definitions for terms relevant to modern campaign practices, such as "artificial intelligence" and "materially deceptive media," and clarifies the limitations on the use of campaign funds. The amendments aim to ensure that all campaign-related financial activities are transparent, with accurate and timely reporting of contributions and expenditures, thereby promoting fair electoral practices.

Statutes affected:
introduced version: 1-19-26, 1-19-26.3, 1-19-27.3, 1-19-29, 1-19-29.1, 1-19-31, 1-19-34.1