Bill closing campaign finance loopholes gets Senate backing
Maybe all senators aren’t so bad after all, looks like we might get more word as to who’s being paid to vote for what
ST. PAUL (AP) – State senators gave preliminary approval to campaign finance changes that would provide the public a more timely look at who is trying to influence elections.
The bill sets stricter reporting requirements for candidates, parties and political action committees.
The most noticeable change would force swifter public notification of large donations to candidates and others involved in state politics in the closing weeks of a campaign.
Now, there can be a several month lag between the receipt of big checks and disclosure of the identities of those givers. In last fall’s governor’s race, a group that sprang up near the end of the campaign managed to spend 700-thousand dollars on attack ads with the donors mostly unknown.
The bill prompted no words of opposition on the Senate floor. It is a procedural step away from passing that chamber.
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Filed under: Finance, Financial News, Random Reading Tagged: Finance, Financial News, General, Random Reading
