This article discusses how campaign finance reform bills in Virginia’s Democratic legislature have been delayed without votes. Despite the attention given to campaign finance reform in recent years and the desire to limit the influence of special interest groups, no major campaign finance legislation has made it through both chambers of the legislature. Democratic-sponsored campaign finance proposals have been allowed to expire without a hearing in Democratic-controlled committees, preventing any new laws from being passed. The article highlights specific examples of bills that have failed to gain traction, including a proposal to prohibit candidates from accepting campaign money from public utilities like Dominion Energy, and a bill to set caps on donations from corporations and individuals. Additionally, a bill to prohibit spending campaign cash on personal uses unrelated to politics was blocked in the budget-writing committee due to cost concerns from state agencies. Despite the setbacks, advocates for campaign finance reform remain optimistic and hope that regulations can be put in place to limit the flow of money into Virginia politics.
Bills for campaign finance reform dwindle, ignored in Virginia legislature.
Latest from Blog
Aussie Fintech Simplifying Money Transfers to the Philippines
TLDR: Australian fintech company Stables has launched international remittance services between Australia and the Philippines. This service will allow users in over 130 countries to send Australian Dollars or Philippine Pesos to
Gen Z workers prefer DailyPay for on-demand pay options.
TLDR: Gen Z hourly workers prefer on-demand pay options for financial security. Most Gen Z workers like their job, with financial security being a top motivator. Article Summary: Gen Z hourly workers,
Breaking news: Chime prepping for possible 2025 IPO in Fintech Nexus.
Summary of Fintech Nexus Newsletter (March 25, 2024) TLDR: Chime, the largest consumer-facing fintech in the country, is planning a potential IPO in 2025. Chime has more primary accounts than Chase, with
Visa Africa Fintech Accelerator supports $1bln investment in Africa by 2027.
TLDR: Visa Africa Fintech Accelerator program aligns with Visa’s $1 billion investment pledge in Africa by 2027. The program supports fintech startups in Africa through mentorship, training, and networking opportunities. The Visa
MTN’s fintech transactions hit 17.6 billion in Nigeria by 2023.
TLDR: Key Points: MTN’s fintech transaction volume in Nigeria increased to 17.6 billion in 2023. MTN reported a resilient performance in 2023 despite profit loss in Nigeria. Despite a major profit loss