SECTION 1.
The Legislature finds and declares all of the following:(a) Large campaign contributions to political candidates create the potential for corruption and the appearance of corruption.
(b) Large campaign contributions made to influence election outcomes allow wealthy individuals, corporations, and special interest groups to exercise a disproportionate level of influence over the political process.
(c) The rising costs of campaigning for political office prevent qualified citizens from running for political office.
(d) Because of early voting in California timely notice of independent expenditures is essential for informing the electorate.
(e) In recent years the advent of significant spending on electioneering communications has frustrated the purpose of campaign finance requirements.
(f) Independent research has demonstrated that the vast majority of televised electioneering communications go beyond issue discussion to express electoral advocacy.
(g) Political contributions from corporate treasuries are not an indication of popular support for the corporation’s political ideas and can unfairly influence the outcome of California elections.
(h) The interests of the public are best served by limiting campaign contributions, establishing campaign spending limits, providing for full and timely disclosure of campaign contributions, independent expenditures, and funding of electioneering communications, and strong enforcement of campaign finance requirements.