FUCK THE POLICE
911 EVERY DAY
That would require a massive body to oversee, and would still be virtually impossible to do.
Truth in politics is a slippery thing. Ads can be factually accurate but highly misleading, much like all arguments by Cypress.
And if you try to regulate "misleading", what happens in the end is that the party in power just lets their misleading stuff pass, and then fines the other party 1 million or so everytime (and for state elections, after the first time that pretty much means the other party has no chance of competing for the next decade or so). Even an "independent" council regulating this would be biased to some degree. What is fact and what is opinion is something that can't be ascertained by a math equation - it's highly arbitrary.