Political Reform Act of 1974: contribution limitations.
If enacted, SB 401 will standardize the contribution limits applicable to candidates and the committees working on ballot measures, effectively curtailing possible financial advantages that could arise from looser regulations. This aims to foster a more fair and transparent campaign financing landscape, addressing potential loopholes that allow candidates to circumvent contribution limits through means not originally covered by the Political Reform Act.
Senate Bill 401, introduced by Senator Bates, amends sections of the Government Code related to the Political Reform Act of 1974, focusing particularly on contribution limitations for candidates and committees involved in ballot measures. This legislation seeks to enforce stricter limits on the contributions controlled by candidates for elective office that are primarily formed to support or oppose ballot measures. Under the proposed changes, contributions to and from such committees cannot exceed the existing limit established for candidates in elective offices, which is set at $3,000.
The bill also stipulates that committees primarily formed to influence ballot measures cannot transfer campaign funds for purposes that deviate from their original intent. This prohibition is a significant alteration to current practices, potentially drawing opposition from political groups that favor existing freedoms for fundraising. Critics argue that this measure may restrict political advocacy and mobilization efforts, particularly in critical election periods when campaigning is vital for influencing voter turnout and public opinion.