Fedor Introduces Campaign Finance Reform Legislation
August 4, 2020
Today, state Senator Teresa Fedor (D-Toledo) introduced the Ohio Anti-Corruption Act, which would reform Ohio’s campaign finance laws by closing secret money loopholes, increasing transparency and strengthening existing bans on foreign money used in elections.
“The public deserves to know where money spent to elect public officials comes from,” Fedor said. “This legislation will shed a light on dark money and ensure full transparency. We need accountability on every penny spent.”
Senate Bill 349, which has a companion bill in the House of Representatives, would require 501(c)(4) nonprofit corporations and limited liability companies (LLCs) to disclose funding sources for contributions made to political campaigns. The bill would also require these groups to disclose additional information about their owners and the intentions of their organization.
Fedor today also introduced Senate Concurrent Resolution 17, which urges Congress to pass legislation requiring corporations and other labor organizations to disclose identities of political donors. Since the 2010 Citizens United v. FEC Supreme Court ruling, these groups have been able to make unlimited anonymous donations to political campaigns, resulting in nearly $1 billion in dark money donations being spent to influence the outcomes of federal elections.
“The ruling in the Citizens United case allows us to require full disclosure of efforts to influence our elections and buy outcomes. We can’t stop corporations from spending money in our elections, but we can require transparency and accountability which will inform voters and shareholders,” Fedor said.
Both pieces of legislation come in response to the nearly $61 million racketeering and bribery scheme that fueled Representative Larry Householder’s rise to Speaker of the House, the campaigns of other House Republicans and passage of House Bill 6.
“These bills are just the beginning,” Fedor said. “I plan to roll out multiple pieces of legislation until we have full transparency throughout Ohio’s elections process.”