SB2570 Summary

• Defines "multi-candidate political committee" as 2 or more candidates or designated entities that accept contributions or make expenditures exceeding $5,000 in any 12-month period on behalf of candidates.

• Establishes election cycle rules: multi-candidate committees supporting one office follow that office's cycle, while those supporting multiple offices follow the longest applicable cycle among all supported candidates.

• Restricts each public official or candidate to one multi-candidate political committee per office sought and prohibits maintaining both a candidate committee and multi-candidate committee for the same office.

• Requires multi-candidate committee names to identify all supported candidates and subjects them to the same contribution limits as candidate political committees during election cycles.

• Adds reporting requirements for multi-candidate committees, including allocation of expenses and contributions to each supported candidate and disclosure of each candidate in the statement of organization.