Casada’s Campaign Finance Bill Flops in House

A bill repealing the need for corporations to disclose political contributions and more than doubling the amount of money partisan caucuses can put directly into legislative campaigns fell two votes short of passage Wednesday on the House floor.
The bill (HB643) by House Republican Caucus Chairman Glen Casada would also repeal a law prohibiting direct political contributions to legislators by insurance companies, which now must form political action committees to make donations.
The vote was 48-41 with 50 votes required for passage. Thirteen of Casada’s fellow Republicans voted no on his bill, two others abstained and eight simply refused to vote at all – including House Speaker Beth Harwell, who was presiding over the chamber. Democrats unanimously opposed it.
House Republican Caucus Chairman Glen Casada sponsored the bill, calling for passage as a means of bringing more political contributions into the state political system.
“Limiting money is limiting free speech,” declared Casada.
But critics faulted the bill for putting more money into state politics with less transparency. Perhaps the most impassioned protest came from Rep. JoAnne Favors, D-Chattanooga, who said the flow of new money under the bill could be “perceived as unethical.”
“If you have received thousands and thousands of dollars, you may feel like your vote has been purchased,” she said.
“We are not bribeable,” replied Casada.
Other criticism came from Rep. Kent Williams of Elizabethton, the Legislature’s only independent, who said insurance companies would make political donations and pass the cost on to customers paying premiums, and several Democrats who objected to repealing the disclosure requirement for corporations.
Casada said the corporate reporting of donations is unnecessary because candidates receiving the money would still have to disclose receipt of the money.
Critics pointed out that the Registry of Election Finance now matches corporate and PAC contribution reports of donations made with candidate reports of donations received – occasionally finding cases where a candidate failed to report a donation. The bill would have removed the ability to make such a check with corporate money.

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