Relating to the reporting of direct campaign expenditures by certain persons and political committees.

HB 4406, the P.A.C. Transparency and Accountability Act, requires political committees and candidates to report detailed financial information about campaign activities. It mandates that committees report all political contributions over $50 (including electronic payments), loans over $50 (with loan terms and guarantor details), and campaign expenditures over $100 (including recipient names, dates, and purposes). The bill also requires committees to list candidates supported by direct expenditures exceeding $100 during each reporting period. This law directly affects political committees, candidates, and contributors who exceed these financial thresholds, aiming to increase transparency in campaign finance reporting.