CS for House Bill No. 409(STA) - Summary

• Prohibits all anonymous expenditures in state election campaigns, with limited exceptions only for individuals acting independently spending under $500 on ballot proposition materials like billboards or signs.

• Requires persons making independent expenditures to file detailed reports within 24 hours including expenditure itemization, candidate or ballot measure information, contributor names and addresses, and officer/director details for non-individual entities.

• Expands communication identification requirements by requiring non-candidate, non-individual, non-party entities to disclose principal officers, approve communications in writing, provide principal business address, and identify their three largest contributors with location information.

• Prohibits foreign nationals and entities controlled by foreign governments from making contributions or expenditures in Alaska elections, with an exception for U.S.-organized entities with U.S. principal place of business, and requires disclosure if foreign governments hold more than 10 percent ownership.

• Takes effect immediately and includes a severability clause ensuring remaining provisions remain valid if any provision is found invalid.