SANTA FE—Last night, the House of Representatives unanimously endorsed Senate Bill 50, bipartisan legislation to prevent fraudulent or misattributed credit card contributions to political campaigns. The bill is sponsored by Rep. Jim Dines (R-Albuquerque) and Sen. Cisco McSorley (D-Albuquerque). Rep. Bill Rehm (R-Albuquerque) is co-sponsoring the legislation as well.
SB 50 closes a loophole in the current law that allows the potential for the misattribution of online credit card donations to political campaigns. The bill requires candidates and political committees to obtain a CVV security code and cardholder billing address for every donation. This basic security measure prevents fraud and helps verify that all contributions are correctly credited, ensuring donors and campaigns are abiding by campaign finance limits.
The bill is endorsed by the Interim Courts. Corrections, and Justice Committee.
“Unfortunately, I have personally experienced the need for this bill,” said Rep. Dines. “When I first ran for public office, I received a $5 donation through my website. I was soon informed that the donation had not been authorized by the cardholder, and it took much effort to unwind the situation. It was a hard lesson learned. Had this law been in place requiring the collection of the security code and billing address, I could have avoided the entire situation.”
Dines added, “After that incident, I deactivated the ‘donate’ button on my website and have not accepted an online contribution since.”
SB 50 now goes to Governor Susana Martinez for action.