Bill > SF905

This bill introduces comprehensive campaign finance disclosure requirements aimed at increasing transparency in political spending. The legislation defines new terms like "covered entity" (any association, political committee, or fund that spends over $10,000 in an election cycle) and "original funds" (business income or personal funds of an individual). The bill mandates that covered entities maintain detailed records of their funding sources, including the identities of donors who contribute more than $5,000, and requires them to disclose these sources when making campaign expenditures. Additionally, the bill requires campaign materials to include disclaimers listing the top three donors who contributed over $10,000, with a link to more detailed information on the Campaign Finance and Public Disclosure Board's website. Entities must notify donors that their contributions may be used for campaign spending and provide an option to opt out. The legislation imposes significant penalties for non-compliance, including civil penalties of up to $10,000 or double the amount contributed or spent. The bill aims to provide greater transparency about the original sources of campaign funds, helping voters understand who is financially supporting political communications and campaigns. It will be effective January 1, 2026, and applies to contributions made on or after that date.

Government Affairs, Justice

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF0905&ssn=0&y=2025