Money in Politics: Corporate Personhood and Bank Account Transparency

Measure for National Constitution Convention Fails

An attempt to limit corporate money in politics failed Monday at a meeting of the House Government, Elections and Indian Affairs Committee.

The measure (HJR 19) would have called for a national constitutional convention where all states would have debated campaign finance reform. Proponents of the resolution hoped that the convention would produce an amendment to the U.S. Constitution limiting corporate donations in American politics. The amendment would have to be ratified by at least 38 states in order to change the constitution.

A motion to table the resolution passed 5–3.

Supporters of the proposal said they wanted to start a national conversation about money in politics and the concept of corporate personhood. Read more of the story from New Mexico in Depth here.

Correspondent Gwyneth Doland spoke with KUNM’s Chris Boros about the reforms. Listen to the interview here.

Revisit from our Money in Politics Event

Below is a short clip from Richard Anklam of New Mexico Tax Research Institute, talking about why “good policy” doesn’t always make it into law.

NM SOS Could Check Candidates’ Bank Accounts

The Senate Rules Committee on Monday advanced a bill that would give the Secretary of State’s office the ability to access political candidates’ bank accounts in order to verify the accuracy of their campaign finance reports.

The proposal (SB 261) would require the secretary of state’s office to notify candidates 10 days in advance of accessing the bank records.

Sen. Ivey-Soto, D-Albuquerque, told the committee he was concerned about allowing access to the Secretary of State’s office because he feared the ability could be used in a political way.

Read the story from Gwyneth Doland here.

People, Power and Democracy is a collaborative media project between KUNM, New Mexico in Depth, New Mexico News Port and New Mexico PBS that explores the influence of money in New Mexico politics. Support for the project comes from the Thornburg Foundation.

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