Krewson Contra Secret Money

St. Louis City Alderwoman Lyda Krewson has filed a bill to require the disclosure of donors to non-profits which spend or contribute money in city campaigns.  It would have the effect of eliminating the use of shell non-profits to hide who is bankrolling campaigns.

 

“Any not for profit entity organized or operating under 501(c)4 or 501(c)6 of the Internal Revenue Code of the United States making aggregate expenditures or contributions in excess of $500 in support or opposition to a candidate for mayor, comptroller, president of the board of aldermen or a City of St. Louis ballot measure shall file a donor disclose report. The donor disclosure report shall be filed with the Board of Election Commissioners within 48 hours of making such expenditures or contributions. The report shall detail the name, address, employer, or if self employed, the occupation of each donor to the not for profit entity. The initial report shall list such donor information for the prior one year period. After subsequent aggregate expenditures or contributions in excess of $500, an additional donor disclosure report is required within 48 hours providing donor information since the last report. Any not for profit entity failing to file a required donor disclosure report shall be liable for a civil penalty equal to the amount of its aggregate expenditures and contributions plus $500. Any candidate or ballot measure campaign receiving a contribution from a not for profit entity that has not filed a required disclosure report shall return such contribution. This section shall not apply to not for profit entities that file donor information reports under Chapter 130 RSMo.”

 

 

It seems pretty straightforward and uncomplicated.  One wonders if it will be a model for a similar proposal from Jefferson City next session.