What are the rules regarding campaign finance disclosures?

In California, campaign finance disclosure rules are governed by the Political Reform Act of 1974. This act outlines the disclosure requirements and filing deadlines that political candidates and committees must abide by. Campaign contributors must disclose their name and address, the amount of their contribution, and the date of the contribution. This information must be reported to the Fair Political Practices Commission (FPPC) within 24 hours of receiving a donation over $1,000. Political action committees must file statements of organization, which provide information about the committee and who is managing it. Committees must also file detailed reports that list all contributions received and expenses made. These reports must be filed on a regular basis during the pre-election and post-election periods. In addition, candidates and committees must file a final campaign statement at the end of the reporting period before an election. This final report outlines all contributions and expenditures as well as any outstanding debts. Finally, political parties and committees are subject to additional reporting requirements based on their level of activity. These include filing quarterly reports and submitting external audit reports when a party raises $500,000 or more. These reporting requirements help to ensure transparency among political candidates, committees, and parties in the state of California. They help to ensure the public has a clear understanding of who is contributing money to campaigns and how the funds are being used.

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What are the rules regarding campaign finance disclosures?

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