MN HF2050

Modifies the definition of "expressly advocating" to include communications that, when taken as a whole with limited reference to external events like election proximity, can only be reasonably interpreted as advocating for or against a clearly identified candidate.

Creates new disclosure requirements for "electioneering communications" (communications referring to a clearly identified candidate made within 30-60 days of elections) including filing statements with the board within 24 hours of distribution if aggregate disbursements exceed $1,500.

Establishes penalties for late filing of electioneering communication statements: $50 per day up to $1,000 in late fees, and civil penalties up to $1,000 for failure to file within seven days of notice.

Amends prorating methods for determining which contributors' funds are attributed to independent expenditure and electioneering communication disbursements by requiring separate allocation of total disbursements across all general treasury money received during the calendar year.

Prohibits principal campaign committees from making electioneering communications and requires political funds to disclose electioneering communications on periodic reports filed with the board.