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Nutter signs legislation to regulate campaign finance disclosures

Nutter signs legislation to regulate campaign finance disclosures

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Mayor Michael Nutter signed a campaign disclosure legislation into law, that updates the Philadelphia Code to regulate campaign finance disclosures from non-candidate parties, such as nonprofit organizations, corporations, partnerships, and political action committees (PACs).

The law requires non-candidate parties to file campaign finance reports every two weeks starting six weeks before an election. Disclosures regarding electioneering communications, such as TV ads paid for by non-candidate parties, are also required within 50 days of an election.

“This law will illuminate Philadelphia’s election process by expanding the reporting requirements for organizations that fundraise for the purpose of spending money on elections,” Nutter said.  “Policy-makers, the courts and the public have long recognized that the best way to check the potential influence of campaign dollars on the decision-making of elected officials is to require public disclosure.”

The legislation, co-sponsored by Clarke and Councilwoman Marian B. Tasco, passed unanimously on June 11, 2015 and was drafted in cooperation with the Board of Ethics.