RELATING TO CAMPAIGN FINANCE.

Removed the specific exclusion of 'foreign nationals' from the list of prohibited contributors, effectively banning all foreign entities from making election contributions.

Changed the certification requirement so that a business must obtain approval from the Campaign Spending Commission rather than making its own internal determination of foreign influence.

Replaced the 'penalty of law' standard with 'penalty of perjury' for statements of certification and removed the requirement for these statements to be signed under oath.

Updated the effective date of the Act from July 1, 3000, to January 1, 2028.

Prohibitions on political spending now explicitly include foreign nationals, in addition to foreign corporations and foreign-influenced business entities.

Certification requirements for business entities now specifically apply to 'for-profit' business entities, clarifying the scope of who must file.

Added a specific exemption for entities engaged in transporting cargo and subject to the Merchant Marine Act of 1920.

Non-candidate committees must now obtain certification statements from top contributors that explicitly mention foreign nationals, foreign corporations, or foreign-influenced business entities.

If a top contributor fails to provide certification, advertisements must now state that the contributor did not provide certification regarding foreign influence, rather than making a general statement about foreign corporations.

The effective date of the Act was changed to July 1, 3000.