"Political Donation Transparency Act;" prohibits automatic enrollment in recurring political contributions and establishes penalties for violators.
Impact
If enacted, S4329 could significantly alter the dynamics of political fundraising in New Jersey. By restricting the use of automatic contribution setups, the law seeks to enhance transparency and ensure that donors understand their financial commitments to political candidates. The bill empowers the Election Law Enforcement Commission to create rules necessary for its implementation, which indicates that a regulatory framework will be established to oversee compliance and enforcement.
Summary
Senate Bill S4329, known as the 'Political Donation Transparency Act,' aims to regulate political contributions by prohibiting automatic enrollment in recurring donations. The bill establishes specific guidelines that must be followed for recurring contributions, emphasizing the necessity for affirmative consent from contributors. Candidates and political committees will be required to provide clear information regarding the nature, frequency, and amount of these contributions, ensuring that donors are fully informed before consenting to recurring withdrawals.
Contention
While the proponents of S4329 argue that it is a necessary step towards cleaner political financing and increased donor awareness, opponents may view it as a limitation on fundraising practices. There are concerns about how this legislation could impact small donations and the ability of candidates to efficiently manage their campaigns. The imposition of penalties for violations is also noteworthy, as it elevates the importance of adherence to the new regulations and underscores the intent to prevent any unethical practices regarding political donations.
Same As
"Political Donation Transparency Act;" prohibits automatic enrollment in recurring political contributions and establishes penalties for violators.
Clarifies and strengthens disclosure requirements for certain complimentary tickets received by candidates, officeholders, political party officials, political committees and continuing political committees.
Clarifies and strengthens disclosure requirements for certain complimentary tickets received by candidates, officeholders, political party officials, political committees and continuing political committees.
Increases disclosure of political contributions by business entities with public contracts; creates uniform law for contributions by such entities; repeals local option to set contribution limits for business entities.
Increases disclosure of political contributions by business entities with public contracts; creates uniform law for contributions by such entities; repeals local option to set contribution limits for business entities.
Establishes "Elections Transparency Act;" requires reporting of campaign contributions in excess of $200; increases contribution limits; concerns independent expenditure committees, certain business entity contributions, and certain local provisions; requires appropriation.
Establishes "Elections Transparency Act;" requires reporting of campaign contributions in excess of $200; increases contribution limits; concerns independent expenditure committees, certain business entity contributions, and certain local provisions; requires appropriation.
Prohibits legislative aide who works, or worked, directly for legislator in district office from making political contribution greater than $30 per election to that legislator; prohibits receipt of such contribution.
Campaign finance: contributions and expenditures; acceptance of certain contributions by judge or justice; prohibit. Amends 1976 PA 388 (MCL 169.201 - 169.282) by adding sec. 30a.
Campaign finance: other; certain campaign contribution limits; reduce. Amends secs. 52, 52a & 69 of 1976 PA 388 (MCL 169.252 et seq.) & repeals sec. 46 of 1976 PA 388 (MCL 169.246).