Follow The Money Bill Proposed For More Transparency in Campaign Financing

Posted April 24, 2013 at 8:44am

Sen. Ron Wyden, D-Ore., and Lisa Murkowski, R-Alaska, proposed yesterday a campaign finance reform bill to address the influx of anonymous federal election spending. The Follow the Monday Act of 2013 includes the following provisions:

– requires the registration and reporting by any person/group who expends $10,000 or more on independent federal election activity.
– requires real-time reporting and disclosure of contributions.
– applies “Stand By Your Ad” requirements to independent persons/groups.
– increases the threshold for disclose of contributions from $200 to $1,000.
– requires Senate campaigns to file reports electronically.
– requires Section 527 organizations to file disclosure reports with the Federal Election Commission.
– requires the FEC and IRS to work together on enforcement regulations.

For more detail on the proposal, see Wyden press release.