Campaign Financing Reform

March 27, 2017

I joined Speaker of the House Joe Aresimowicz and House Majority Leader Matt Ritter at a press conference today to discuss legislation designed to shed light on and reduce the amount of special interest dark money in state election campaigns. The bill emphasizes transparency and full disclosure of those backing the growing use of anonymous bundled campaign money.

The bill, HB 5589 - An Act Concerning Campaign Financing Reform, would:

  • Require corporate political expenditures to be approved by their board of directors and disclosed to shareholders

  • Limit contributions to organizations making independent expenditures to an aggregate of $70,000 in a calendar year

  • Ban foreign influenced entities from making independent expenditures or contributing to an organization that does

The bill is expected to be approved by the GAE committee this afternoon.