Relating to campaign finance.

Prohibits candidates for state office from accepting contributions in excess of amounts specified and from sources not specified. Prohibits certain political committees from accepting contributions in excess of amounts specified and from sources not specified. Defines "small donor committee." Establishes Grassroots Donor Election Program to enable candidates for defined state offices to receive specified match on small dollar donations. Limits matching funds. Establishes Oregon Elections Commission to oversee Grassroots Donor Election Program. Specifies composition and duties of commission. Repeals Ballot Measure 47 (2006), currently held in abeyance, which establishes limits on political campaign contributions and independent expenditures on candidate races and establishes certain campaign finance disclosure requirements. Becomes operative November 6, 2024.