1.1 A bill for an act 1.2 relating to campaign finance; requiring the Campaign Finance and Public Disclosure 1.3 Board to study campaign spending limits. 1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.5 Section 1. CAMPAIGN SPENDING LIMITS STUDY. 1.6 The Campaign Finance and Public Disclosure Board must study the voluntary campaign 1.7spending limits as provided in this section. By January 15, 2026, the board must report to 1.8the chairs and ranking minority members of the legislative committees with jurisdiction 1.9over the board with its findings and recommendations. At a minimum, the board must study 1.10and report on: 1.11 (1) the number of candidates that participate in the public subsidy program, broken down 1.12by office; 1.13 (2) the number of candidates that do not participate in the public subsidy program, broken 1.14down by office; 1.15 (3) historic trend data for the past ten years for the information in clauses (1) and (2); 1.16 (4) for candidates that do not participate in the public subsidy program, how much the 1.17candidate and the candidate's opponent spends and how much is spent on independent 1.18expenditures in the race; 1.19 (5) how other states set voluntary campaign spending limits, including: 1.20 (i) if other states distinguish between highly contested races and other races in the amount 1.21of funding provided or spending allowed; 1Section 1. REVISOR JFK/CH 25-0300102/12/25 State of Minnesota This Document can be made available in alternative formats upon request HOUSE OF REPRESENTATIVES H. F. No. 3118 NINETY-FOURTH SESSION Authored by Coulter04/07/2025 The bill was read for the first time and referred to the Committee on Elections Finance and Government Operations 2.1 (ii) if other states have an automatic inflator on the subsidies and limits; and 2.2 (iii) the level of candidate participation over time in the programs; and 2.3 (6) any recommendations the board has regarding the current public subsidy program 2.4in Minnesota and whether the current spending limits are appropriate. 2Section 1. REVISOR JFK/CH 25-0300102/12/25