Dancer bills close ‘candidate loopholes’ under financial disclosure laws

Dancer bills close ‘candidate loopholes’ under financial disclosure laws

TRENTON, N.J. – All candidates for state and local office, incumbents and challengers, will be held to the same financial disclosure requirements under a pair of bills introduced in the state Assembly Monday by Assemblyman Ron Dancer.

Voters can review the financial disclosure statements of all incumbent candidates for re-election under current law, but challengers in local races are exempt.  In addition, while challengers for state Senate and Assembly must also file financial disclosures with the commission, they are exempt from filing with the Joint Legislative Committee on Ethical Standards.

“Everyone running for election should be held to the same standard,” said Dancer (R-Ocean). “Requiring candidates to provide the same detailed information keeps the playing field level and helps voters make an informed decision.”

Under the first bill (A4361), all candidates for state Senate and Assembly will file the same disclosure statements required by the Legislative Code of Ethics with ELEC and the joint committee.  It also changes the deadline for challengers filing statements to the same day as incumbents – 10 days after the deadline for filing a petition to appear on the ballot in the primary election.

The second bill (A4352) eliminates the double standard for local candidates.