HB 383 Summary

• Creates new definitions for "electioneering communication" (broadcast/cable/satellite communications referring to candidates within 60 days of general elections or 30 days of primaries) and "disclosure date" for campaign finance reporting purposes.

• Requires persons making electioneering communication disbursements exceeding $1,000 annually to file statements within 48 hours of disclosure dates, identifying disbursement sources and recipients exceeding $200.

• Treats contributions to authorized candidate committees, coordinated expenditures, financed campaign material distribution, and coordinated electioneering communications as direct candidate contributions.

• Requires candidates to disclose loans and credit extensions for campaign use, including identities of lenders, creditors, cosigners, guarantors, and all repayment details, with certified copies of related documents.

• Increases corporate campaign contribution limits from unspecified amount to $2,000 per calendar year and extends restriction to trusts, limited partnerships, limited liability partnerships, and other business entities; increases criminal penalties for violations to up to $10,000 fine and six months imprisonment.