Introduced
by
To require a corporation that wants to make an independent expenditure advocating the election or defeat of a candidate to file a notice with Secretary of State five days in advance disclosing details including how much, what for, where the money will be spent, and more. In addition, the corporation would have to disclose the names of the five highest contributors to the political ad or other form of expenditure. Ads would have to contain specific disclaimers, including the name of the corporation president. The bill is part of a Democratic campaign finance regulation package comprised of House Bills 5348 to 5361, introduced after the U.S. Supreme Court’s Citizens United v Federal Election Commission ruling extended to unions and corporations (including non-profit groups motivated by ideological or political concerns) the same right already recognized for individuals to spend however much they want on independent political expenditures.
Referred to the Committee on Redistricting and Elections
Motion
by
The motion passed by voice vote
Referred to the Committee on Redistricting and Elections
