PRESS RELEASE: City Council Enacts Sweeping Campaign Finance Reform Law

Los Angeles - Today, the Los Angeles City Council approved an ordinance banning political contributions from developers with business before the City. The sweeping campaign finance reform comes after four years of advocacy from Councilmember Ryu, who introduced similar legislation three times and urged support for reform from the Ethics Commission both in 2015 and 2019.

FOR IMMEDIATE RELEASE:  

December 4, 2019

Contact for Councilmember Ryu:

Mark Pampanin

mark.pampanin@lacity.org

213.407.7616

City Council Enacts Sweeping Campaign Finance Reform Law

After four years of debate, the ‘Developer Dollar Ban’ is now law

 

Los Angeles - Today, the Los Angeles City Council approved an ordinance banning political contributions from developers with business before the City. The sweeping campaign finance reform comes after four years of advocacy from Councilmember Ryu, who introduced similar legislation three times and urged support for reform from the Ethics Commission both in 2015 and 2019

“Since the day I entered office, this is the legislation I have believed in, and this is the legislation I have fought for,” Councilmember Ryu said. “Today, we took a crucial step in rebuilding trust in City Hall. There is nothing more fundamental than building trust in our democracy, and today, we are laying the foundation for a City Hall that works for the people.”

Campaign finance reform was one of the first pieces of legislation Councilmember Ryu attempting to bring to the Council floor upon entering office in 2015. He re-introduced similar legislation in 2018. The ordinance passed today stems from a January 2019 motion introduced by Councilmember Ryu, which was supported by the City Ethics Commission. It comes after previous reforms championed by Councilmember Ryu passed in 2018, including an increase to the matching funds rate to six to one, and lowering the threshold to qualify for matching funds. Matching funds allow qualifying contributions to be matched by City funds to support grassroots candidates. 

Councilmember Ryu has sworn off donations from developers with business before the City since first running for office in 2015. 

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Los Angeles City Councilmember David E. Ryu represents the 4th Council District which includes Griffith Park, Sherman Oaks, Toluca Lake, Hollywood, Hollywood Hills, Los Feliz, Silver Lake, Miracle Mile, Hancock Park, Windsor Square, Larchmont and portions of Koreatown and Van Nuys.


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