Assembly Bill 385 introduces new regulations regarding online credit card contributions to political committees, conduits, or political parties in Wisconsin. The bill mandates that any contributions made via credit card over the Internet must include the credit card verification value or code, and the billing address must be located in the United States. An exception is made for U.S. citizens living abroad; if their billing address is outside the U.S., they must provide a mailing address in the U.S. that corresponds to their voter registration.

Additionally, the bill requires the treasurer of each political entity to maintain records of contributors' names and addresses for reporting purposes. It also imposes penalties on financial institutions that process online credit card contributions without adhering to the verification requirements, subjecting them to a forfeiture equal to the total amount of such contributions processed without compliance. This legislation aims to enhance transparency and accountability in campaign finance.