Bill > SB85

This bill proposes significant changes to campaign finance regulations in New Mexico, focusing on several key areas of campaign reporting and fundraising. The bill updates definitions related to campaign activities, expands reporting requirements for independent expenditures, and modifies reporting schedules and timelines. It introduces new provisions for disclosing electronic communications, clarifies rules around contributions and expenditures, and strengthens restrictions on fundraising during legislative sessions. Specifically, the bill adds requirements for reporting electronic communications similar to telephone calls, mandates more detailed reporting of donations and independent expenditures, adjusts reporting dates to more consistent times (such as the second Tuesday after the first Monday in June), and prohibits using campaign funds to repay candidate loans that include interest. The legislation also introduces new definitions like "artificial intelligence" and "materially deceptive media" to address emerging campaign communication technologies, and establishes more stringent rules about disclosing the sources of campaign funds. Additionally, the bill creates new restrictions on fundraising during legislative sessions, preventing incumbents, candidates, and their committees from soliciting or accepting contributions from lobbyists and certain other political entities during specified time periods.

Government Affairs

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=85&year=25