Bill > LD951

This bill requires greater transparency in campaign funding by mandating that political committees disclose the sources of their contributions, particularly focusing on "dark money" and large donations. Specifically, the bill applies to "covered committees" that make over $50,000 in expenditures and receive contributions from "covered contributors" (those donating more than $10,000 in an election cycle). These committees must notify contributors in writing that their funds may be used for campaign expenditures and provide an option to opt out. If a contribution includes "pass-through funds" (money not directly from the original source), the contributor must disclose the identity of original sources contributing $2,500 or more, including details about third-party transfers. Committees must maintain these records for five years and report the top three original sources of funding for independent expenditure communications. The bill aims to increase electoral transparency by requiring identification of significant contributors, including their occupation and place of business for individual donors. Violations can result in penalties up to $20,000, with the amount determined by factors such as the undisclosed funds' value and potential public harm. The legislation's underlying intent is to restore public confidence in elections by ensuring voters can understand the financial influences behind political campaigns, with most provisions taking effect in January 2026.

Military Affairs and Security

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=951&snum=132