SB 1389: The Political Reform Act of 1974: late filing of reports.

The bill aims to amend the Political Reform Act of 1974 to impose a daily fine of $10 for filing late statements or reports. The current law allows for a waiver of this fine if the late filing was not willful and would not further the act's purposes. However, this bill removes the exception for candidates filing their statements of economic interest within 30 days of a written notice, effectively penalizing late filings equally for all types of statements. The bill declares that it furthers the purposes of the act, allowing the legislature to make amendments with a 2/3 vote.