Highlights:
-Defines the phrase "targeted to the relevant electorate' as any communication referring to a candidate for statewide office or the legislature, which can be received by (Article 8, §3-8-1a.):
-140,000 or more people in the case of candidacy for statewide office;
-8,200 people in the district of a candidate running for State Senate; and
-2,410 people in the district of a candidate running for the House of Delegates.
-Requires any person, other than a political committee, who makes an independent expenditure in excess of $1,000 for or against any candidate to file a financial disclosure statement with the Secretary of State which shall include, but not be limited to, the following information (Article 8, §3-8-2):
-The name of the individual making the expenditure;
-The elections to which the expenditures pertain, the names of the candidates referred to, and the intent of either supporting or opposing said candidates;
-A list of the names of individuals who donated more than $250, and the date that each donation was made.
-Requires any person, including a political committee, who contracts independent expenditures in excess of $10,000 for or against any candidate to file a disclosure form with the Secretary of State within 48 hours of contracting the expenditures (Article 8, §3-8-2).
-Requires any independent expenditure to include a clear public notice that any communication made is not authorized by a candidate or a candidate's committee, and that the communication clearly identifies the person making the expenditure for the communication (Article 8, §3-8-2).
-Requires the Secretary of State to make a document that can be filed electronically for the purposes of reporting independent expenditures to the Secretary of State (Article 8, §3-8-2).
-Prohibits the solicitation of corporations by an individual for the contribution to a candidate or candidate's campaign (Article 8, §3-8-8).