Thursday, February 28, 2008

Bill Ending LLC Campaign Finance Loophole Passes House

A bill that would close a loophole in the state's campaign finance law, which allows limited liability companies to be used as a means of avoiding contribution limits, was given final passage by the House Wednesday.

HB 1233 was approved on a 39-26 vote. Interestingly, Democrats Morgan Carroll of Aurora, Terrance Carroll of Denver and Liane "Buffie" McFadyen of Pueblo West joined all but two of the chamber's Republicans in opposing the bill.

Reps. Marsha Looper, R-Calhan, and Frank McNulty, R-Highlands Ranch, were the only GOP members of the House voting to approve the bill.