Requiring certain disclosures of election expenditures

HB 2966 requires individuals and groups spending over $1,000 annually on independent election activities (like ads not coordinated with candidates) to disclose detailed information publicly. This includes the spender's name, the source of funds (reporting contributors who gave over $1,000), and specific details about each contribution (like donor occupation and employer). The bill mandates these disclosures within 48 hours for certain last-minute spending before elections, with tighter 24-hour deadlines for large expenditures targeting specific candidates. It directly affects political committees, advocacy groups, and donors engaging in election-related spending, aiming to increase transparency in campaign finance. The law also clarifies that federal entities must comply with these state disclosure rules.