BILL ANALYSIS                                                                                                                                                                                                    �




                   Senate Appropriations Committee Fiscal Summary
                            Senator Kevin de Le�n, Chair


          SB 1442 (Lara) - Campaign Statements
          
          Amended: May 12, 2014           Policy Vote: E&CA 5-0
          Urgency: No                     Mandate: No
          Hearing Date: May 23, 2014      Consultant: Maureen Ortiz
          
          SUSPENSE FILE.
          
          
          Bill Summary:  SB 1442 requires elected state officers,  
          candidates for elective state office, and committees primarily  
          formed to support or oppose a candidate or ballot measure to  
          file quarterly statements instead of the current semiannual  
          requirement; revises definitions relating to contributions and  
          expenditures; and makes related changes to the Political Reform  
          Act (PRA).  Additionally, the bill contains legislative intent  
          to require monthly reporting upon implementation of a statewide  
          electronic filing system.

          Fiscal Impact: 
          
              First year costs of $156,000 and annual ongoing of $146,000  
              to the Secretary of State (General Fund)

              Annual costs of $147,000 to the Fair Political Practices  
              Commission (General Fund)

          The Secretary of State will require 2 PYs for Program Technician  
          III positions at a cost of $156,000 in the first year and  
          $146,000 ongoing resulting from increased workload associated  
          with the more frequent filing of the reports, as well as  
          compliance and fine enforcement.

          The FPPC indicates the need for  PY for an Attorney I position  
          and 1 PY for a Political Reform Consultant to handle new  
          regulations, increased requests for advice, and for the  
          revisions of forms and campaign manuals.

          Preliminary estimates for implementing an online filing system  
          for campaign disclosure reports is $10 million to $15 million.

          Background:  Under existing law, candidates and committees  








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          generally are required to file regular campaign disclosure  
          reports semi-annually.  When candidates and committees are  
          required to file these pre-election reports, they generally must  
          also file late contribution reports and late independent  
          expenditure reports, disclosing within 24-hours any  
          contributions that were made or received and independent  
          expenditures made of $1,000 or more in the last 90 days before  
          the election (election cycle).  Candidates and committees can  
          also be required to file additional special campaign reports at  
          other times of year, based on the particular campaign finance  
          activity of the candidate or committee.

          Under the PRA, there are two general types of reporting  
          requirements.  The first type of report is referred to as a  
          periodic report.  Periodic reports must be filed according to a  
          specified time schedule for all similarly-situated candidates  
          and committees, regardless of the amount of campaign activity  
          during the period of time covered by the report.  These reports  
          generally include all campaign activity (contributions, loans,  
          expenditures, etc.) that occurred over a specified period of  
          time.  Semi-annual reports and pre-election reports are two  
          examples of periodic reports that are required under the PRA.

          The second type of report that the PRA requires is an  
          activity-based report.  An activity-based report is triggered  
          when a candidate or committee has campaign activity that meets  
          or exceeds a specific dollar threshold.  Election cycle 24-hour  
          reports for contributions of $1,000 or more and non-election  
          cycle 10-business day reports of contributions of $5,000 or more  
          are examples of activity-based reports.

          The PRA defines "committee" to include recipient committees,  
          independent expenditure committees, and "any person or  
          combination of persons who directly or indirectly makes  
          contributions totaling $10,000 or more in a calendar year to or  
          at the behest of candidates or committees."  These last groups  
          of committees are commonly referred to as "major donor"  
          committees since they use their own funds to make political  
          contributions rather than raising money from other sources.

          Proposed Law: Existing law, pursuant to the Political Reform Act  
          (PRA), requires candidates, political committees, and slate mail  
          organizations to file specified periodic and activity-based  








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          campaign finance reports, including semiannual statements,  
          pre-election statements, supplemental pre-election statements,  
          and late contribution/expenditure reports that include specified  
          campaign finance information.

          SB 1442 will require elected state officers, candidates for  
          elective state office, and committees primarily formed to  
          support or oppose a candidate for elective state office or one  
          or more statewide ballot measures to file quarterly statements  
          each year instead of semiannual statements.  Specifically, an  
          elected state officer, a candidate for elective state office, or  
          a recipient committee that is primarily formed to support or  
          oppose a candidate for elective state office or one or more  
          statewide ballot measures would file quarterly campaign  
          statements each year, as follows:

           No later than April 7 for the period commencing January 1 and  
            ending March 31.

           No later than July 31 for the period commencing April 1 and  
            ending June 30.

           No later than October 7 for the period commencing July 1 and  
            ending September 30.

           No later than January 31 for the period commencing October 1  
            and ending December 31.

          SB 1442 also requires independent expenditure committees and  
          "major donor" committees that are primarily formed to support or  
          oppose a candidate for elective state office or one or more  
          statewide ballot measures to file quarterly campaign statements  
          pursuant to the aforementioned schedule unless the committee has  
          not made contributions or independent expenditures during the  
          reporting period.

          This bill will recast or repeal other specified reporting  
          requirements, including supplemental pre-election statements,  
          supplemental independent expenditure reports, and odd-numbered  
          year reports in order to conform to the proposed quarterly  
          reporting schedule.

          Existing law defines "late contributions" and "late independent  








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          expenditures" to include certain contributions and independent  
          expenditures that are made within 90 days before the date of the  
          election.  SB 1442 will revise these definitions to specify that  
          those terms also include contributions and independent  
          expenditures that are made on the date of the election.

          Related Legislation: SB 1102 (Padilla) which is also pending in  
          this committee, would lower the reporting threshold for  
          non-election cycle reports from $5,000 to $1,000; and, reduce  
          the deadline for the non-election cycle reports from 10 business  
          days of receipt of the contribution to five days.

          Staff Comments: This bill is part of a package of bills that are  
          aimed at strengthening the relationship between the citizens of  
          California and their state government - the California  
          Accountability in Public Service Act (CAPS Act). Recent events  
          have raised significant questions about the transparency and  
          accountability of rules and political practices in state  
          government.  This package of bills is the most significant  
          change to political practices in California in at least twenty  
          years.  SB 1442 is a part of the CAPS Act and replaces  
          semi-annual reporting statements with quarterly filing reports.   
          This doubles the amount of disclosure currently provided to the  
          public in order to streamline and consolidate the current  
          reporting process without losing transparency.