MS SB2558

Requires candidates and political committees to file a statement of organization with the Secretary of State before accepting any contributions or making expenditures, rather than after reaching a $200 threshold.

Limits corporate political contributions to $1,000 per calendar year and defines "corporation" to exclude sole proprietorships and solely owned LLCs.

Prohibits foreign nationals from making campaign contributions for any election, constitutional amendment, or ballot measure, with penalties including fines and imprisonment for violations.

Mandates the Secretary of State maintain a publicly searchable online database of all campaign finance reports by February 1, 2028, with reports searchable by candidate, office, contributions, and expenditures.

Establishes tiered administrative penalties for filing violations: $1,000 for first offense, $2,500 for second offense, and $5,000 for third and subsequent offenses within a five-year period.