This bill makes several amendments to the General Laws in Chapter 17-25 regarding campaign contributions and expenditures reporting. It includes new definitions for terms such as "accounts payable," "business entity," "candidate," "conduit" or "intermediary," "contributions," "expenditures," "covered transfer," "earmarked," "election," "election cycle," and "electioneering communication." The bill also provides exceptions to the term "covered transfer" and clarifies the definition of "targeted to the relevant electorate" for electioneering communication.

The bill also amends current law regarding electioneering communications and independent expenditures. It provides exceptions for certain types of communications that are not considered electioneering communications or independent expenditures, such as news stories, candidate debates, and communications made by business entities to their members or employees. The bill also defines terms such as "fair market value," "donation," and "donor." Additionally, the bill requires treasurers of candidates and committees to keep accurate records and make reports of all contributions received and expenditures made. The threshold for reporting is increased from one hundred dollars to two hundred dollars.