To establish a new type of campaign finance committee called an “independent expenditure committee,” and more clearly define “independent expenditures” and the rules that prohibit committees like these from coordinating with a candidate (which wouldn't be “independent”). These committees could contribute to ballot initiatives but not to candidates; contributions would not be subject to limits and could come from corporations and unions.   Official Text and Analysis.

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.