IL HB5154

Entities spending $10,000 or more on independent expenditures in the 12 months before an election must maintain transfer records and submit reports to the State Board of Elections

Independent expenditure committees face new restrictions, including prohibitions on coordinating fundraising with candidates or employing consultants who worked for supported candidates within the previous 2 years without establishing a firewall

Replaces the term "electioneering communication" with "election spending" throughout the Election Code and adds new definitions for related terms including "in-kind contribution" and "coordinated expenditure"

Prohibits structuring or assisting in structuring contributions, expenditures, or other transactions to evade reporting requirements

Political action committees and ballot initiative committees must now have influencing elections or ballot questions as "one of their major purposes" to qualify under the definitions