This morning, Senate Democrats announced a sweeping legislative remedy to the Supreme Court’s decision in Citizens United v. FEC, which opened up elections to unlimited corporate spending. The DISCLOSE Act would require the disclosure of corporate money spent on influencing elections, and it would prevent foreign companies, government contractors, and bail-out recipients from spending money in American elections. People For’s President, Michael Keegan, weighed in:
Only a constitutional amendment or new ruling can truly 'fix' Citizens United, but the DISCLOSE Act goes far in mitigating its corrosive effect on our democracy. Americans want government by the people, not corporations. But as long as corporations have the ability to pour money into elections, Americans have the right to know how that money is being spent.
The Supreme Court enabled companies to spend money on elections while hiding behind front groups, PR firms, and advocacy groups -- without any disclosure whatsoever. It also opened American elections to spending by foreign corporations, government contractors, and companies that receive billions in government bailouts. The DISCLOSE Act would close these outrageous loopholes.
The Chamber may be up for a tough fight. A PFAW poll in February found that 78% of those surveyed believe corporations should be limited in how much they spend to influence elections; 70% though corporations already had too much influence in the process. Other polls have found similar levels of displeasure—across the political spectrum—with Citizens United and the increasing role of corporate money in politics.