MN SF905

Requires "covered entities" (those spending $10,000+ per election cycle on independent expenditures, electioneering communications, or ballot questions) to track and report the original sources of campaign funds, including identifying donors who contributed more than $5,000 in traceable funds

Mandates that covered entities notify donors their contributions may be used for campaign spending in Minnesota and give donors 21 days to opt out of having their funds used or transferred for such purposes

Requires campaign materials and independent expenditures to include disclaimers listing the top three donors who contributed $10,000+ in original funds, along with a link to the Campaign Finance Board's website for more information

Establishes civil penalties for violations ranging from the amount contributed/spent up to double that amount or $10,000, whichever is greater, and allows penalties up to 10 times the amount for structuring transactions to evade reporting requirements

Directs the Campaign Finance and Public Disclosure Board to maintain web pages for each reporting entity with original source donor information and to promote public awareness of the disclosure system, effective January 1, 2026