Senate Bill 2585 - Campaign Finance Reform

• Requires candidates and political committees to file statements of organization with the Secretary of State prior to receiving contributions or making expenditures, with candidates required to establish candidate committees for all campaign activity.

• Eliminates the $200 contribution threshold for triggering candidate status; now any contribution or expenditure establishes candidacy and reporting obligations.

• Creates corporation contribution limits of $1,000 per calendar year to candidates, political committees, and political parties, with civil penalties of $1,000 to $5,000 for violations.

• Establishes new criminal penalties for disseminating deepfakes within 90 days of an election without consent of the depicted individual, ranging from up to one year imprisonment or $5,000 fine, up to five years imprisonment or $10,000 fine if intent to cause violence or previous conviction exists.

• Increases administrative and civil penalties for late campaign finance report filing, including daily fines up to $200 per day for repeat violators, and prohibits delinquent filers from receiving contributions or making expenditures until reports are filed.