Virginia's campaign finance laws; Joint Legislative Audit and Review Commission to study.

Study; JLARC; Virginia's campaign finance laws; independent agency; report. Directs the Joint Legislative Audit and Review Commission (JLARC) to study Virginia's campaign finance laws. In its study, JLARC is directed to (i) identify any legal, technical, and staffing shortcomings in the current election and campaign finance laws relating to (a) reporting and investigating violations, (b) enforcing legal and regulatory requirements, and (c) implementing directions from state government at the local level and (ii) determine whether current budgetary allocations are sufficient to effectively carry out such aspects of the campaign finance system. To that end, JLARC is directed to analyze how existing campaign finance and election laws can be modernized by creating a new independent agency to increase transparency and accountability using best practices from other jurisdictions across the United States and to produce a report of clear recommendations and best practices for creating such an independent agency for improving the current system.