Friday, February 10th, 2012

Another Legislative Fix to Citizens United

By
Thursday, February 11, 2010 at 12:51 pm

Democratic leaders in each chamber have teamed up today to introduce a legislative package designed to nullify the Supreme Court’s recent decision empowering corporations to spend uncapped sums to influence federal elections. Calling the High Court’s ruling a “radical decision” that could “drown out the voices of American citizens,” Rep. Chris Van Hollen (D-Md.) called on Congress to consider the bill quickly. Sen. Charles Schumer (D-N.Y.) is the upper-chamber sponsor.

The highlights:

  • Ban on expenditures from foreign interests.
  • Ban on expenditures from Federal contractors.
  • Ban on expenditures from TARP recipients.
  • Disclosure to the public through enhanced reporting through the FEC and LDA.
  • Disclosure to shareholders directly and through the SEC.
  • Stand By Your Ad (CEO and donor disclosure).
  • Lowest Unit Rate (air time for candidates and party committees).
  • Coordination Rules (tightened between outside groups and candidates).

Not that this has much chance to get anywhere anytime soon — especially considering the way Senate Minority Leader Mitch McConnell (R-Ky.) embraced the Citizens United decision. But it’s probably also more realistic for Congress to address the issue this way, rather than going the much tougher Constitutional-amendment route.

Categories & Tags: Congress| | | | | | | |

Comments

6 Comments

chrisjay
Comment posted February 11, 2010 @ 4:44 pm

Clean up the mess made by a wreckless, rightwing, activist SCOTUS trainwreck?
Make it so

chrisjay
Comment posted February 11, 2010 @ 9:44 pm

Clean up the mess made by a wreckless, rightwing, activist SCOTUS trainwreck?
Make it so

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Trackback posted February 12, 2010 @ 1:55 am

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Dems Propose Another Fix for Citizens United Fiasco | Progressive Nation
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