During the legislative session, C3's Investor Committee on a weekly basis reviews proposed laws and forms positions on them, under the microscope of keeping our state competitive.

May 7, 2010

This week, the Investor Committee voted to take the following action:

Oppose:

SB10 - 203 Indep Expenditures After Citizens United/ CARROLL M.--WEISSMANN & ...
http://www.leg.state.co.us/clics/clics2010a/csl.nsf/fsbillcont3/19FCBA5EBA4D531F872576DA006B4483?open&file=203_01.pdf
The bill makes changes to state law to regulate independent expenditures made in connection with state elections.

NOTE: The Colorado Competitive Council does not endorse candidates or engage in candidate campaign expenditures, however the organization's members may choose to do so and would be impacted by this legislation.

The Colorado Competitive Council supports appropriate, reasonable and equitable disclosure and transparency requirements around campaign finance matters. The organization opposes SB 203, as it believes it creates overly burdensome, and in some cases, duplicative reporting requirements; adds burdensome definitions around Colorado companies who have foreign investors or leadership components; and inserts into Colorado law an unbalanced playing field between business interests and other entities, such as organized labor.

The requirements in this proposal would chill the U.S. Constitutional protection of free speech, and the bill, as currently written, contains vague and conflicting provisions.

View C3's complete legislative status sheet