Provisions of the act establish an independent Corrupt Practices Commission, with five members appointed by the Governor to staggered five year terms. The Commission has subpoena powers and is to investigate, by means of secret hearings, candidates' compliance with all state and federal laws relating to political campaign contributions and expenditures and corrupt practices. If probable cause is shown, the Commission is required to direct the Attorney General to take further action in the power form and is required to make public a report of such action. In cases involving the campaign practices of the Attorney General himself, a special attorney is to be appointed. If no probable cause is shown, the Commission is to state so publically.

Further, the proposed act extends the application of the current stature regarding the disclosure of campaign expenditures and contributions, to all candidates for office above the town and city level, with the exception of President and Vice Present of the United States. The act requires all such candidates to receive and disburse all amounts greater than $25 by check, and make it a crime to knowingly receive cash payment from a candidate or his committee for a service costing more than $25. The act also requires candidates to designate a single book as depository of funds and as recordkeeper, with records of receipts and expenditures to be open to public scrutiny.

Provisions of the act extend present campaign spending limits to cover all media firms (including: television, radio, newspaper, billboard, magazine, advertising, public relations, printing, opinion polling, computer, telephone, telegraph) to report the purchase of media services by candidates. Media expense of candidates for the offices of district attorney, clerk of court, register of probate and insolvency, register of deeds, country commissioner, county treasurer and sheriff are limited to $.07 for each resident of the respective electoral district. Other provisions of the act require candidates, upon official announcement or filing of nomination papers, to report all political receipts and expenditures since the date of the last general election for the office sought, and count such expenditures toward spending limits. The act also limits candidates to one political committee.

The act establishes a maximum penalty of one year imprisonment and/or $10000 fine for individuals engaged in corrupt practices, and a $50,000 fine for corporations so involves. In addition, the Attorney General is permitted to bring an action for the removal of a candidate whose election was materially aided by corrupt practice on the part of the candidate or one acting in his behalf, where such removal is otherwise authorized by law.