The bill amends the Pennsylvania Election Code to improve transparency and accountability in political contributions and expenditures. It introduces new definitions, such as "expenditure," which clarifies that funds must be used solely for campaign-related expenses. The bill also establishes stricter reporting requirements for political committees and candidates, including the disclosure of contributors' names and occupations when contributions exceed certain thresholds. Additionally, it restricts foreign entities from contributing to campaigns and mandates that political committees include their organization's name in their registered title.

Moreover, the bill sets new contribution limits, capping individual contributions at $1,500 per election and political action committee contributions at $10,000. It imposes stricter regulations on out-of-state contributions and requires candidates to report political contributions from business entities receiving significant contracts from the Commonwealth. The legislation also enhances accountability for corporate political spending by requiring shareholder approval for expenditures over $10,000 and mandates quarterly reporting of political activities. Overall, the bill aims to ensure that political financing is transparent and that all contributions and expenditures are properly documented and reported.

Statutes/Laws affected:
Printer's No. 538 (Feb 10, 2025): P.L.1333, No.320, P.L.1778, No.712
Printer's No. 0538: P.L.1333, No.320, P.L.1778, No.712