HB 1309 - Campaign Finance Disclosure Summary

• Expands the definition of "measure committee" to include initiative and referendum sponsoring committees at any stage of organization, requiring disclosure of contributions and expenditures for petition drafting, circulation approval, and petition submission activities.

• Changes campaign finance reporting requirements to require electronic filing with the Secretary of State rather than physical filing, with statements made available on the internet within 24 hours of filing and preserved for 10 years.

• Updates candidate and political committee registration to require "contact information" instead of just "name and address," with registration required within 15 business days of receiving contributions or making expenditures.

• Requires corporations, cooperative corporations, limited liability companies, and associations to disclose independent expenditures made for measures or petitions within 48 hours to the Secretary of State, with details about the recipient and support or opposition to the measure.

• Modifies political advertisement disclaimer requirements to include measure committees and corporations making independent expenditures for or against measures, requiring disclosure of the sponsor's name on all advertisement types including websites.