Santa Fe New Mexican: Secretary of state proposes new rule on campaign contributions (In the News)

Santa Fe New Mexican: Secretary of state proposes new rule on campaign contributions

By Steve Terrell

Secretary of State Maggie Toulouse Oliver on Tuesday released a proposed rule that clarifies campaign finance reporting requirements and calls for disclosure of large contributions to “independent expenditure” groups that aren’t formally connected to candidates or campaigns but buy political advertising.

Parts of the proposed 13-page rule are similar to a bill that passed the Legislature with bipartisan support this year but was vetoed by Gov. Susana Martinez…

The parts of SB 96 that show up in the proposed rule are portions “that we have the authority to enact via rule,” Blair said. “One example of this is the provisions related to coordinated expenditures and independent expenditures.”

However, some provisions of SB 96 – such as an increase in contribution limits – would require legislative approval to enact, Blair said.

While pro-government transparency groups like Common Cause New Mexico lobbied in favor of SB 96, conservative groups such as the Virginia-based Center for Competitive Politics, which has opposed campaign finance restrictions across the country, lobbied against it.

The Center for Competitive Politics is now the Institute for Free Speech.