Bill to ban corporate donations to parties and speed up audits

Automatic summary, not yet reviewed

1. The bill would allow political parties to receive donations only from individuals, never from companies or other entities, and would ban donations from people who provide services or works to public administrations or public companies under a contract.
2. It would set a limit of 100,000 euros per donor per year and ban anonymous, earmarked or revocable donations. Donations would have to be paid into exclusive bank accounts and recorded with the donor's details.
3. It would cut oversight deadlines in half: annual accounts would be sent to the Court of Auditors by April 1 of the following year, and the Court would issue its report within three months.
4. Parties could not receive funding from foreign governments or public companies, and parties would have to adapt their internal rules within one month. The law would take effect the day after its publication in the official state gazette.

Who it affects

• Political parties: They could only accept donations from individuals, with amount limits and more accounting and oversight duties.
• People who donate to a party: A maximum of 100,000 euros per year, with a receipt and payment into a specific bank account.
• Companies and entities working for public administrations: Their donations to parties would be banned, even indirectly.
• The Court of Auditors (Tribunal de Cuentas): It would have shorter deadlines to review party accounts and issue its report.

Words worth knowing

Donación finalista (earmarked donation)

A donation given for a specific purpose set by the donor. The bill would only allow donations with no designated purpose.

Donación nominativa (named donation)

A donation where the identity of the donor is known, as opposed to anonymous ones.

Tribunal de Cuentas (Court of Auditors)

The public body that audits the accounts of institutions and checks that they comply with the law.

Proposición de Ley Orgánica (organic law bill)

A text proposing changes to a special type of law, introduced by a parliamentary group and not yet passed.

It summarizes the text as it was introduced. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries