Requires disclosure of major contributors on independent expenditure communications

This bill requires groups spending money on election ads (independent expenditures) to disclose major donors. It applies to political committees making ads that support or oppose candidates within 60 days of an election, mandating they list the top three donors (those contributing over $1,000 in the past year) in the ad. The disclosure must include the spender’s name, a statement that the ad wasn’t coordinated with candidates, and the election board’s website, all clearly visible for at least four seconds. This aims to increase transparency in campaign spending not directly tied to a candidate’s campaign.