BILL NUMBER: SB 2INTRODUCED BILL TEXT INTRODUCED BY Senators Lieu and Yee DECEMBER 3, 2012 An act relating to the Political Reform Act of 1974. LEGISLATIVE COUNSEL'S DIGEST SB 2, as introduced, Lieu. Political Reform Act of 1974: campaign disclosures. Existing law, the Political Reform Act of 1974, provides for the comprehensive regulation of campaign financing, including requiring the reporting of campaign contributions and expenditures and imposing other reporting and recordkeeping requirements on campaign committees. Existing law makes a knowing or willful violation of the Political Reform Act of 1974 a misdemeanor and subjects offenders to criminal penalties. This bill would declare the intent of the Legislature to enact legislation that would strengthen the Political Reform Act of 1974 and the campaign disclosure requirements within that act to increase penalties for failing to properly disclose campaign contributions, tighten the disclosure requirements on mass mailings, and campaign messages presented through television, and other forms of media, and close the loophole associated with campaign contributions from multipurpose groups and nonprofit organizations. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. It is the intent of the Legislature to enact legislation that would strengthen the Political Reform Act of 1974 and the campaign disclosure requirements within that act to increase penalties for failing to properly disclose campaign contributions, tighten the disclosure requirements on mass mailings and campaign messages presented through television, and other forms of media, and close the loophole associated with campaign contributions from multipurpose groups and nonprofit organizations.