This bill would require in-message “paid for by” disclosures in content posted on internet websites, digital applications, and social media platforms whenever such content is (i) paid for by a campaign or (ii) in support of or in opposition to a candidate or ballot measure and paid for by an independent spender that is required to report its expenditures to the Campaign Finance Board (CFB). The CFB would also be required to issue guidance regarding the disclosure, recordkeeping, and reporting requirements applicable to content posted on internet websites, digital applications, and social media platforms, including content posted by paid third parties.