HB 1332 provides meaningful campaign finance reform through better reporting of contributions from corporations and limited liability companies. Specifically, it strengthens the Fair Campaign Practices Act by: * expanding the definition of "corporation" to include nonprofits and organizations incorporated under the laws of another state or foreign country; * prohibiting a limited liability company (LLC) from contributing to a candidate committee, small donor committee, political party, or political committee if any member of the LLC is prohibited from making such a contribution; and * prohibiting an LLC from contributing to a candidate committee, small donor committee, or political party if the LLC has elected to be treated as a corporation by the Internal Revenue Service or the shares of the LLC are publicly traded.