The Los Angeles City Council unanimously approved a law Wednesday that will crack down on campaign contributions from real estate developers, despite warnings from critics who said it had been too watered down to curb the power of political spending.
The idea, first proposed by council members nearly three years ago, had languished until an FBI raid at City Hall cast a fresh spotlight on long-standing concerns about developer donations and political power.
Councilman David Ryu, who pushed for the new restrictions, acknowledged that the new ordinance is “not perfect” and does not go as far as he and many reformers had hoped. But he heralded it as a first step toward restoring trust in City Hall, one that would start to combat the perception that developer money drives their decisions about what gets built in Los Angeles.“Doing nothing will cost us the trust of Angelenos,” Ryu told the council ahead of the vote.
The law does not prohibit developers from hosting fundraisers or raising money from other donors. It does not penalize politicians for knowingly receiving those banned donations. And critics lamented that it does not apply to major subcontractors on a development project. For much of Wednesday’s debate, council members pounded on Ryu and his proposal, saying he had taken the wrong approach on campaign finance reform.Ryu’s proposed ban in January, questioned why the city is banning donations from affordable housing developers and not fossil fuel executives. He argued the city should instead focus on full taxpayer financing of city campaigns.
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