The bill seeks to amend the Code of West Virginia to enhance the regulation and control of elections, particularly focusing on campaign finance laws. It introduces new definitions, such as "corporation" and "membership organization," and clarifies reporting requirements for financial statements from candidates and their committees. The bill allows corporations and membership organizations to contribute to candidates and political action committees, while also establishing limitations on these contributions. Additionally, it revises existing definitions to improve clarity and transparency in campaign financing, including terms like "electioneering communication" and "independent expenditure."

Significant changes include the deletion of a provision that previously permitted membership organizations or corporations to authorize the use of their funds for contributions to candidates or candidates' committees. The bill also outlines specific unlawful practices and disclosure requirements for political contributions, prohibiting coercive fundraising methods and mandating transparency about the political purposes of funds. Violations of these provisions can result in misdemeanor charges and fines up to $10,000, while empowering the State Election Commission to investigate alleged violations confidentially until an indictment is made. Overall, the bill aims to create a more transparent and regulated environment for political contributions from various entities.

Statutes affected:
Introduced Version: 3-8-1a, 3-8-5a, 3-8-5c, 3-8-8