New Mexico 2025 Regular Session

New Mexico Senate Bill SB85

Introduced
1/22/25  
Report Pass
1/28/25  
Report Pass
2/6/25  

Caption

Campaign Finance Changes

Impact

The bill's provisions are set to standardize the reporting timeline and practices for all election-related contributions and expenditures, addressing gaps that previously allowed for less accountability. One notable change includes the prohibition on using campaign funds to repay loans made by the candidate that accrue interest. This shift aims to mitigate potential conflicts of interest and misuse of campaign contributions, thereby reinforcing the ethical standards expected from candidates and campaign committees.

Summary

Senate Bill 85, introduced in the 2025 legislative session, aims to amend the Campaign Reporting Act by introducing several new regulations intended to enhance transparency in campaign financing. Key provisions of the bill require disclosures related to any electronic communications made by campaign committees, mandating that organizations reveal their identity in communications advocating for or against candidates. Additionally, the bill sets stricter reporting requirements for campaign contributions of $1,000 or more, including those received during legislative sessions when fundraising is typically prohibited.

Contention

Notable points of contention surrounding SB85 revolve around the implications for political fundraising tactics and the perceived burden it places on candidates and campaign committees. Critics argue that the stringent reporting requirements could dissuade potential contributors from supporting candidates, fearing that their identities will be publicized in connection with specific campaigns. Furthermore, the provisions related to electronic communications have raised questions regarding how they may impact grassroots campaigning, which often relies on informal and direct outreach methods.

Companion Bills

No companion bills found.

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