An Act To Update The Campaign Finance Laws

This bill amends Maine's campaign finance laws to update reporting requirements and thresholds for candidates and political committees. It lowers the financial transaction threshold that triggers mandatory reporting from $2,000 to $1,500 for certain offices and clarifies that party committees must disclose specific details about their expenditures, including the purpose and payee information. The legislation also adjusts the definition of ballot question committees to exclude party committees and extends the qualifying period for candidates seeking Maine Clean Election Act certification in 2026. These changes affect candidates, political party committees, and independent expenditure groups by modifying how and when they must report financial activities to the state ethics commission.