S.B. No. 347 Summary

• Modifies Ohio campaign finance law regarding independent expenditures and political action committees (PACs)

• Eliminates the "ten or more members" threshold for PACs making independent expenditures, allowing PACs with fewer than ten members to make independent expenditures without membership requirements

• Increases independent expenditure reporting thresholds: requires reporting of $500 or more for statewide candidates and ballot issues (previously lower amounts for local candidates and issues)

• Adds corporations and labor organizations to entities required to disclose sources of funds exceeding $5,000 when filing independent expenditure statements

• Permits nonprofit corporations, corporations, and labor organizations to make independent expenditures subject to reporting requirements under campaign finance law