Senate Election Funding Reform: Empowering Small Donors
This act aims to change how Senate election campaigns are funded, promoting smaller contributions from citizens. It introduces a public matching system for small donations, intended to reduce the influence of large donors and increase the importance of individual contributions. Citizens will have a greater impact on elections through their small donations, and candidates will be less dependent on large funds.
Key points
New Campaign Finance System: Senate candidates can receive public financial support if they collect a sufficient number of small contributions (from $5 to $200).
Small Donation Matching: Each qualifying small contribution from a citizen will be matched by 600% from a public fund, increasing its impact.
Candidate Restrictions: Candidates using the new system will have limits on accepting large donations and using personal funds, aiming to reduce the influence of wealthy individuals.
Freedom From Influence Fund: A special fund will be established, financed partly by a tax on large government contracts, to support election campaigns.
Increased Transparency: The requirement for electronic filing of financial reports by candidates aims to increase public access to information on who contributes to campaigns and how much.
Status:
Expired
Civic Will
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.