# Summary
This bill tightens campaign finance regulations in four main ways. First, it expands restrictions on using campaign funds for personal purposes to include leadership PACs and other political committees, not just individual campaigns. Second, it redefines coordinated expenditures—spending by outside groups working with candidates—as campaign contributions, closing what supporters view as a loophole that allows unlimited spending through nominally independent groups. Third, it broadens the definition of political advertisements to include paid digital and internet communications, extending disclosure requirements beyond traditional media like television and radio. Fourth, it requires political advertisements to identify and disclose the top three funding sources paying for the ads, using the threshold of $10,000 for segregated accounts or $50,000 for other funding sources. Most provisions take effect January 1, 2025, though coordination rules take effect 60 days after enactment. The bill affects candidates, political committees, political parties, and outside groups that spend money on election-related activities.