Banks Must Report Candidates’ Political Spending Under New Law
Massachusetts will become the first state in the nation to require independent third-party disclosure of campaign finance activity by candidates.
Banks Would Have to Report Candidates’ Donations Under Bill
A bill overhauling campaign finance rules for legislative candidates passed the House on Tuesday. Banks would have to report contribution and expenditure balances monthly.
New Campaign Donations Rule Curbs Union Power
Unions and nonprofits will be limited to contributing $1,000 a year to a candidate for pubic office starting next month after the Office of Campaign and Political Finance followed through Thursday by submitting a new rule that will close the controversial “union loophole” in state regulation.
