House Bill 388 amends Tennessee campaign finance laws by introducing a new provision that restricts contributions to candidates or political campaign committees. Specifically, the bill prohibits these entities from accepting contributions from non-residents of Tennessee that exceed thirty percent (30%) of the total contributions received. This measure aims to ensure that campaign funding is primarily sourced from individuals who reside within the state, thereby promoting local engagement in the political process.

The bill is set to take effect immediately upon becoming law, emphasizing the urgency of its implementation for the public welfare. This legislative change reflects a growing trend to regulate campaign financing and enhance the integrity of electoral processes by limiting outside influence.