Connecticut Senate Bill SB00739

Connecticut 2017 Regular Session

• Introduced: 1/26/17
• Refer: 1/26/17

Caption

An Act Increasing Disclosure Of Funds Used For Independent Expenditures.

Impact

The passing of SB00739 would amend chapter 155 of the general statutes, integrating stricter regulations concerning the disclosure of financial contributions. This amendment is expected to influence the landscape of campaign financing significantly, as it would empower voters with the information necessary to understand the financial dynamics at play in their local and state elections. By shedding light on the sources of funding behind independent expenditures, it seeks to foster a political environment that is more transparent and less susceptible to undue influence from hidden donors.

Summary

SB00739, introduced by Senator Kennedy, aims to enhance transparency in campaign financing by mandating the disclosure of funds utilized for independent expenditures. This bill specifically targets 'covered transfers' that are equal to or exceed five dollars, requiring entities to disclose the source and amount of these funds. The legislative intent is to provide greater oversight and public knowledge regarding financial contributions made toward political expenditures, thereby aiming to combat potential corruption and promote accountability in the electoral process.

Contention

Despite its intentions, SB00739 may face pushback from various stakeholders, particularly from organizations that engage in political advertising and advocacy. Critics argue that mandatory disclosure could chill political speech and infringe on the rights of individuals and corporations to participate in the democratic process without fear of retribution. A potential point of contention will be balancing the need for transparency with the rights of donors to remain anonymous, especially concerning smaller contributions that may not significantly impact the overall financial landscape of a campaign.