HI SB3164

Requires persons spending at least $10,000 on independent campaign spending within a two-year election period to maintain transfer records and file disclosure reports with the campaign spending commission identifying major contributors and fund sources.

Mandates that covered persons provide written notice to contributors before using their funds for independent campaign spending, with a 21-day opt-out period for contributors to exclude their funds from such use.

Requires major contributors (those providing at least $10,000 in traceable funds) to disclose the identities of persons who contributed original funds, with records maintained for five years.

Requires public communications funded by independent campaign spending to include notices identifying the three top contributors who helped pay for the message, with specific formatting requirements for different media types.

Establishes administrative penalties of not less than the amount violated and not more than twice that amount (or up to $10,000 maximum if violation amount is less than $5,000) for violations of disclosure requirements.