SB1506 Summary

• Adds definition of "affiliated entity" to campaign finance law, establishing criteria for entities bound by decisions, governing board representation, or charter relationships with other entities.

• Introduces new "covered transfer" definition requiring disclosure when one person donates/transfers money to another who makes independent expenditures, with exceptions for ordinary business transactions, restricted accounts, and inter-affiliate dues.

• Requires entities making independent expenditures or ballot measure expenditures over $1,000 to file detailed expenditure reports identifying the person/entity, tax status, addresses, agent for service of process, and candidate or ballot measure information.

• Establishes 24-hour filing deadline for expenditure reports when independent or ballot measure expenditures exceed $5,000 in the 30 days before early voting begins.

• Amends committee filing timelines to require statements of organization within 24 hours if committee forms within 10 days before early voting starts.