HB 1881 Summary

• Requires persons spending or accepting at least $10,000 in independent campaign spending within a two-year election period (defined as "covered persons") to maintain transfer records and file disclosure reports with the campaign spending commission.

• Mandates covered persons obtain written consent from contributors before using contributed funds for independent campaign spending, with contributors having 21 days to opt out.

• Requires major contributors ($10,000+ in traceable funds) to disclose the identities and amounts of all original fund sources and intermediaries involved in their contributions to covered persons.

• Requires public communications funded by independent campaign spending to include notice identifying the three top contributors who funded the advertisement, with specific formatting requirements for different media types.

• Prohibits structuring of transactions to evade reporting requirements and establishes administrative fines of at least the amount violated or up to twice that amount (maximum $10,000 if violation is under $5,000).