Governor Parnell Signs Campaign Disclosure Legislation
June 1, 2010, Anchorage, Alaska - Governor Sean Parnell today signed legislation that strengthens state campaign disclosure requirements. The legislation follows the U.S. Supreme Court ruling that the First Amendment permits corporations to make independent expenditures in candidate elections.
"This bill ensures that the public will know when a corporation or a union is paying for campaign ads," Governor Parnell said. "Voters have the right to be fully informed when they head to the polls."
Senate Bill 284, sponsored by the Senate Judiciary Committee, amends state election statutes to clarify that corporations and labor unions are covered by the existing reporting requirements. The requirement extends to both candidate and ballot measure elections. The bill is designed to amend the campaign finance law to ensure that all independent expenditures are reported to the Alaska Public Offices Commission and are made public.
SB 284 expands requirements to ensure accurate reporting of top contributors, requires the approval of the content by the principal officer of the corporation or union, and requires statements in each communication in a candidate election that the content has not been authorized or approved by a candidate.