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Bills to change Alabama’s campaign finance laws fail in Legislature | Chattanooga Times Free Press

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Bills to change Alabama’s campaign finance laws fail in Legislature | Chattanooga Times Free Press

Two bills that would have altered the state’s campaign finance laws on political parties and donations died in the Alabama Legislature this year.

House Bill 6, sponsored by Rep. Phillip Pettus, R-Killen, would have prohibited political parties from disqualifying candidates who accept campaign contributions from specific organizations.

“They should not have a say in where you take your money from,” Pettus said in a phone interview. “What it boils down to, they want to control the money. That is the political party. They want all the money to come from them, and they divvy it out.”

The Alabama Republican Party in 2023 adopted a rule prohibiting the party’s candidates for superintendent or school board from accepting campaign contributions from the Alabama Education Association, an organization representing educators in the state.

According to Pettus, the Republican Party had planned to extend the rule to disqualify people who accept campaign contributions from the teachers’ union to legislators but has since changed its position.

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“I still have the bill,” Pettus said. “I am waiting to see if they try to extend it to legislators. If they do, then the bill will be ready to go again.”

“The state party is glad that the Legislature did not take action on HB 6,” said John Wahl, chair of the Alabama Republican Party. “There have been multiple court rulings over the years that have said the parties have the authority to associate with who them want under the First Amendment. I believe this bill would have violated the Party’s First Amendment rights and constitutional rights, and we are pleased the bill did not make it out of committee.”

The Alabama Democratic Party has no rule or regulation similar to what the Alabama Republican Party has imposed.

“It sounds like the Alabama Republican Party has some internal divisions they need to deal with,” said Tabitha Isner, vice chair of the Alabama Democratic Party. “I don’t see why the state legislature should be making laws about how parties decide who can and cannot represent them on the ballot.”

Pettus received $56,500 in direct contributions and $5,000 from in-kind donations from Alabama Voice of Teachers for Education since 2018, the political action committee for the state’s educators.

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Pettus said prior to the start of the 2025 session that his constituents should decide whether a candidate should accept money from a political party, adding that he represents his constituents and not the Alabama GOP.

The bill was assigned to the House Constitution, Campaigns and Elections Committee but was not considered for the session. The same committee also did not consider the bill in 2024 when it was filed then.

The Alabama Legislature also failed to pass Senate Bill 291 into law, sponsored by Sen. Sam Givhan, R-Huntsville, which would have allowed a political party to transfer funds to local or other affiliated party organizations currently prohibited by law.

The state has banned political action committees from transferring money to each other since 2010. Givhan’s bill would have added language allowing political parties to transfer money to local county organizations and affiliated entities.

“Those of us who support the bill, while we don’t want to unwind the PAC to PAC transfer ban, we didn’t feel like that was the intention of where a state party couldn’t share with a county party of a group that was affiliated with its bylaws,” Givhan said in an interview.

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Political parties are closely related to political action committees in the state, entities that are not required to disclose their donors, who can then use the proceeds to fund campaigns to support candidates or causes.

“This year, I got with Sen. (Bobby) Singleton, (D-Greensboro), and he co sponsored it with me,” Givhan said. “It went through committee very quickly and just never went anywhere.”

One benefit of the legislation is that it would allow a political party to have a joint program with another political party.

“If a county party and a state party want to partner, if you will, on a project, the current law makes it difficult to do that,” Givhan said.

The Alabama Democratic Party supports the bill.

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“The point of the prohibition on PAC to PAC transfers is to increase transparency and reduce the shell game that hides who is really funding what,” Isner said. “The unintended consequence of that law was that it doesn’t allow local party groups to collaborate with each other or with the state party. Cleaning up this law so that it does only what it intended to do is a smart move that both parties should support.”

Read more at AlabamaReflector.com.

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Finance

Banks Could Favor A Higher XRP Price, Finance Expert Says

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Banks Could Favor A Higher XRP Price, Finance Expert Says

XRP has continued to trade lower as crypto prices weaken across the board, with the total market shedding more than $1.3 trillion since October.

During the past three months, XRP has dropped more than 30%, keeping pressure on sentiment even as some commentators argue the token’s purpose goes far beyond short-term price moves.

Retail Vs. Institutional Viewpoint

According to health and finance commentator Dr. Camila Stevenson, much of the debate around XRP misses how large financial players judge settlement tools.

Everyday traders tend to focus on charts and quick exits. Banks do not. They look at whether a system can handle stress, move large sums, and keep working when conditions worsen. Stevenson compared it to infrastructure testing, where strength and capacity matter more than the initial cost.

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XRP Was Built For Flows

Based on reports from her recent video discussion, XRP was structured to act as a bridge for moving value, not as a speculative chip. With a fixed supply, the token cannot expand in quantity to meet higher transaction demand.

Stevenson said that leaves price as the only way to support larger volumes. Analyst XFinanceBull echoed this view, encouraging market watchers to think in terms of flows rather than daily price action. Price Alone Does Not Prove Use

Even so, market behavior still plays a major role. XRP trades in open markets, and speculation continues to influence price direction.

A higher price may improve efficiency, but it does not guarantee adoption. Stevenson pointed out that many institutions position through custodians, OTC desks, and private agreements.

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These transactions often happen quietly and may not show up as sharp moves on public charts. Sudden spikes during positioning, she warned, would suggest instability rather than healthy use. Why Higher Price Helps

Stevenson argued that banks moving billions would rather use fewer units that each represent more value. Fewer tokens can mean simpler settlement and less risk of slippage during busy periods.

Large financial systems tend to fail when money cannot move or when settlement slows, not when prices fall. In that context, a higher XRP price could support smoother transfers if volumes rise enough to test the system.Market Reality Remains Mixed

Despite the theory, clear proof of large-scale institutional demand remains limited. Regulation, liquidity depth, and reliable access still shape whether banks commit real volume.

XRP’s 33% slide over recent months shows how quickly sentiment can shift, even as long-term use cases are debated. The idea that banks prefer a higher XRP price rests on future scale, not current trading patterns.

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Featured image from Unsplash, chart from TradingView

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Finance

Crunch Fitness, Petland could get a new neighbor at Pensacola Square

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Crunch Fitness, Petland could get a new neighbor at Pensacola Square

The Pensacola Square shopping plaza, which includes businesses such as Hobby Lobby, Books-A-Million and Crunch Fitness, may be getting a new tenant.

Alabama-based loan agency Regional Finance is looking to open its first Florida branch at unit 117 of Pensacola Square.

Regional Finance has over 350 branch locations across 19 U.S. states at this time, including Alabama, Georgia, Mississippi and North Carolina, and they provide a range of services to their clients, ranging from personal and auto repair loans to furniture, appliance and travel loans.

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They submitted an application to the city in order to conduct alterations on the space, which is located next to Petland inside the plaza, and the plans are still under review by city officials at the time of writing.

moved onto a new chapter with the addition of national gym franchise Crunch Fitness, which is bringing flocks of people into the southern half of the plaza since it opened off North Davis Highway.

Plans submitted to the city of Pensacola show it could get a new tenant soon. However, this addition may not appeal to as many potential customers as its neighbors.  

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Regional Finance has over 350 branch locations across 19 U.S. states at this time, including Alabama, Georgia, Mississippi and North Carolina, and they provide a range of services to their clients, ranging from personal and auto repair loans to furniture, appliance and travel loans.

If the plans for their first Florida branch are approved, the loan agency will join a plaza with multiple popular businesses, including Hobby Lobby, Beall’s and Petland, that still has room to grow.

Trader Joe’s even showed interest in leasing a space inside the plaza at one point, according to a showcase of the property by Cushman & Wakefield.

Crunch Fitness, a gym that signed a 15-year lease for its space, is has help revitalizing interest in Pensacola Square, along with recent additions like Fuji Sushi & Grill & Hotspot as well as incoming tenants like Concentra.

Concentra, one of the top occupational health services providers in the U.S., will open inside the former home of Rainbow clothing.

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While the address for the project is 6235 N. Davis Hwy, the alterations won’t be carried out on the Hobby Lobby and Books-A-Million chunk of the plaza.

That section was purchased last year for $7 million by Destiny Worship Center, a not-for-profit corporation based in Destin with locations in Crestview, Freeport, Fort Walton Beach and Panama City Beach but none in Pensacola, sparking concern that the businesses would be replaced by a new church.

Rob Bell, senior advisor and asset manager for Bellcore Commercial, who represented Destiny Worship Center in the sale, emphasized this week that it’s still unlikely Hobby Lobby will leave the plaza anytime soon because they still hold a long-term lease inside the building.

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Finance

State aims to reclaim $850K from campaign finance vendor

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State aims to reclaim 0K from campaign finance vendor

OKLAHOMA CITY (KFOR) — The state is now looking to recoup around $850,000 from a company they said didn’t meet deadlines to create a campaign finance website.

It’s The Guardian and was supposed to be up and running in October, but that didn’t happen. The Guardian is the name of the state’s online campaign finance reporting system.

“They were unable to deliver a compliant system,” said Ethics Commission Executive Director Leeanne Bruce Boone during their meeting on Friday.

The company at the center of it all is RFD and Associates, based in Austin, Texas. They were hired in December 2024 to begin the project of creating The Guardian 2.0.

The previous company, according to the commission, was with Civix. However, problems arose between the state and that company, so they had to shift and find a new vendor.

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The commission appropriated around $2.2 million for the endeavor.

Months went by, and according to the commission’s timeline, deadlines were missed altogether.

Dates in June were missed, and in August, the company received a warning from the Ethics Commission. The Office of Management and Enterprise Services (OMES) had to get involved in October and conduct an independent technical assessment.

The October date was proposed by the company, but it wasn’t met. In November, a formal notice of system failures and vendor non-compliance was noted.

“None of the milestones were met,” said Bruce Boone during the meeting. “Extensive corrective steps over many months. Written warnings were sent.”

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At the Friday meeting, the commission voted to cut the contract with the company, and a contract with the previous one was then sent out.

“Terminate the contract and proceed with legal action,” said Bruce Boone.

Bruce Boone said that in total $850,000 was actually spent throughout this process on RFD. The new contract with Civix, she said, is estimated to cost over $230,000 and should last for three years. The effort is needed ahead of the 2026 election.

Now the commission has decided to bring in the Attorney General’s Office to see if they can get the money back.

“I take very seriously my role to ensure that taxpayer dollars are spent fairly and appropriately,” AG Drummond said in a statement. “My office stands ready to take legal action to recover damages, hold those responsible accountable, and work with the Ethics Commission to ensure the public has a reliable means to access campaign finance reports.”

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News 4 attempted to get a statement out of the Chief Operating Officer of RFD and Associates, who had been in the meeting but quickly left after the commission voted.

“No comment,” said COO Scott Glover.

What would you say to taxpayers about that?

In response, he said, “I don’t agree with the ethics commission’s decision. That’s all I have to say.”

The Guardian had been delayed by several months, but the commission did respond appropriately and timely manner to requests made for documents.

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The Guardian was back online Friday afternoon.

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