Under Assembly Bill 447, all committees making expenditures or receiving contributions of more than $500 would be required to file quarterly statements.

The legislation would eliminate independent expenditure reports, odd-year committee reports, and certain supplemental pre-election reports. Instead, all officers, candidates, and committees would have one pre-election report due 16 days before an election.

Late contribution reports would still be required within 24 hours of making a contribution near an election.

Photo of the California State Assembly Chamber by Lincolnite on Wikipedia.