AN ACT CONCERNING REFERENDA, INDEPENDENT EXPENDITURES AND OTHER CAMPAIGN FINANCE CHANGES.

HB 7093 removes limits on independent political spending by creating a new category of "independent expenditure political committee" that can make unlimited independent expenditures to support or oppose candidates, referendums, or political parties. It requires these committees to file detailed electronic reports within 24 hours for any expenditure over $1,000 related to state elections or referendums, including primary and general elections for governor, state senate, and state representative. The bill also clarifies that these committees may coordinate with other similar committees for spending purposes. This primarily affects political groups, nonprofits, and businesses engaging in election-related spending outside of direct candidate campaigns. The changes take effect upon passage and apply to all covered independent expenditures.