Bill > SB27

This bill, an urgency statute effective immediately, amends the Political Reform Act of 1974 to enhance transparency in political financing, particularly concerning multipurpose organizations and large campaign committees. It clarifies that payments made at the behest of a committee or candidate are considered contributions unless full and adequate consideration is received, and it defines "multipurpose organization" to include various non-profit and association types that engage in political activities. A key provision requires committees that raise or spend $1,000,000 or more to support or oppose state ballot measures or make independent expenditures for state candidates to disclose their top 10 contributors on the Fair Political Practices Commission's (FPPC) website, with specific rules for identifying these contributors and updating the lists. The bill also mandates that the ballot pamphlet include a written explanation of these top 10 contributor lists and where they can be accessed, and it makes technical amendments to existing sections regarding contributions and sponsored committees.