A BILL for an Act to amend and reenact section 16.1-10-04 of the North Dakota Century Code, relating to false political advertisements; and to provide a penalty.

HB 1583 would require political committees making independent expenditures (ads influencing elections without candidate involvement) to disclose the true source of funds for ads exceeding $200. It mandates detailed reporting of contributors giving over $1,000 during election periods, including their names, addresses, and contribution dates. The bill targets organizations spending on political ads, ensuring transparency about who funds election-related messaging. It also adds penalties for false political advertisements, though specific penalty amounts aren't detailed in the provided text. This bill focuses on increasing disclosure requirements for political spending, not on changing campaign finance limits.