Assembly Closes Contribution Loophole
The Assembly has approved legislation that would close a campaign contribution loophole that was used by an insurance company to secretly funnel nearly $1 million to the Republican Partly shortly before last November€™s election.
The measure by Assemblywoman Nicole Parra of Hanford was sent to the Senate today by a 71-0 vote that also approved 31 other supposedly non-controversial bills. There was no debate.
Parra´s bill would require that donations of $1,000 or more that are made to political parties within 16 days before a state election be disclosed within 24 hours.
Currently donations of that size made directly to candidates must meet that requirement, but contributions to political parties are exempt.
Last year, the 21st Century Insurance Group gave a total of $950,000 to various GOP committees on the day after the cutoff date for the last pre-election contribution report filed by political parties. That meant the contributions didn€™t have to be disclosed until January 31st, nearly 3 months after the election.