Campaign finance and reporting

Added and renumbered definitions for 'electioneering communication', 'direct costs of purchasing, producing, or disseminating electioneering communications', 'disclosure date', 'foreign national', 'independent expenditure', 'membership organization', 'political action committee', and 'unaffiliated political action committee' to align with federal election law standards.

Explicitly permits corporations and membership organizations to contribute to candidates, candidate committees, or political action committees through separate segregated funds, subject to contribution limits.

Updated contribution limits to $2,800 per election cycle for individuals to candidate committees and $5,000 for corporations/membership organizations to political action committees, with specific provisions for retirement debt support.

Added detailed financial reporting requirements including separate sections for fundraising events, loan disclosures, anonymous contribution handling, and alternative reporting procedures for political party committees with profits under $5,000.

Strengthened State Election Commission powers to investigate violations, issue subpoenas, and coordinate with the Attorney General, while adding misdemeanor penalties for violations up to $10,000 fines.

Added sunset provision for 2022 amendments effective November 9, 2022, and included provisions for candidate committees created before the 2025 amendments to receive debt retirement contributions.