SB 1392 Summary

• Eliminates thresholds for corporate, limited liability company, and labor organization independent expenditure reporting, requiring notification for any amount spent in an election cycle instead of previous minimum thresholds ($5,000 for statewide, $2,500 for legislative, $1,000 for local races).

• Requires entities making independent expenditures to register with the appropriate filing officer and notify them within one day of making the expenditure, with electronic filing available through the Secretary of State.

• Increases civil penalties for failing to register, notify, or disclose independent expenditures from three times to five times the total amount of the expenditure.

• Grants filing officers authority to require production of records, perform audits, and investigate corporations, limited liability companies, and labor organizations required to register or report under this section.

• Maintains existing disclosure requirements for advertisements and literature, requiring clear identification of the entity making the expenditure with "paid for by" language.