Posted: | February 10, 2015 12:19 PM |
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From: | Senator Charles T. McIlhinney, Jr. |
To: | All Senate members |
Subject: | Memo #10 - Issue Advocacy Expenditures |
In the near future I will be introducing legislation to require certain groups who spend money on issue advocacy communications and who refer to candidates in those communications to file reports with the Department of State. Under current state law, not all independent expenditures are required to be reported. When an organization makes an independent expenditure expressly advocating the election or defeat of a clearly identified candidate, the organization is required to file a report with the Secretary of the Commonwealth for the expenditure and identify the name and address of the organization and the payee. In order to bring transparency to the system, my legislation would extend reporting requirements to certain non-profit organizations that do not expressly advocate for the election or defeat of a candidate, but refer to a specific candidate in issue communications. The legislation would require an independent expenditure organization to register with the Department of State, within 72 hours of expending $1,000 or more. The report would require the organization to report the name and address of its donors. Other states have passed similar laws. I hope you will join me in cosponsoring this important legislation. |