Friday, May 16, 2008
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HB46: Campaign finance disclosure reports; identification of all contributors.
Chief Patron
Del.
Mark Cole (R-88)
Mark Cole
(R-88)
Fredericksburg, VA
Served: 2002–
Progress
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Introduced |
 |
Passed Committee |
 |
Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Status
02/12/2008: Failed to Pass in Committee
Summary
Campaign finance disclosure reports; identification of contributors. Provides that the disclosure reports must provide the same identifying information for all contributors, including those contributing $100 or less. Current law permits the reports to state the number of persons contributing $100 or less and the total amount contributed by those contributors without any identifying information.
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Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 02/12/2008.
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This bill is being tracked by Sharp Political Consulting, VB Dems, Cristina, Timothy W., Waldo J., Linda M., VPAP, Terry M. and Chris.
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Status: in subcommittee
Status: in subcommittee
Status: signed by governor
Status: signed by governor
Status: Failed to Pass in Committee
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Comments
Excellent idea. I don't know why we have this magic number of $100. The deal with Virginia's crazy campaign finance laws is that any individual or business can donate an unlimited amount of money to an unlimited number of campaigns, but everything must be reported. Except, of course, not everything -- only contributions of $100.01 or more. I don't see any compelling reason why we should have a floor on that. Let's take it to any level of contribution and get some true transparency here.
In the best of worlds, yes, the transparency should be there. But unfortunately, there are many who risk a great deal (employment being #1, defaulting political alliances exposed #2) having their names exposed. I know with Black Out 2005 (a Virginia PAC) the vast majority of our gifts were under $100. We collected from a number of Republicans for instance who didn't want to go on the record opposing a Republican candidate. So, I'd say keep things the way they are. Oppose this bill.
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