The legislation, Senate Bill 3, passed the House on a 48-17 vote late Saturday. It has already been approved by the Senate, but the House made minor changes — meaning the bill must go back to the Senate one more time.
Democratic Rep. Daymon Ely of Corrales said the proposal would bring New Mexico’s campaign finance laws into compliance with recent Supreme Court decisions and provide more transparency on political spending.
It’s intended to shine more light on spending by “dark-money” groups, such as nonprofit groups and unions.
The legislation is sponsored by Senate Majority Leader Peter Wirth, D-Santa Fe. It builds on disclosure rules that were imposed in 2017 by Secretary of State Maggie Toulouse Oliver.
“This bill will give the public a better understanding of who is trying to influence our elections by providing more transparency and accountability in campaign finance reporting,” Toulouse Oliver said in a written statement.