Is Democracy Doomed? New Report Shows Tectonic Shifts in Campaign Spending
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The best short-term proposals to fill the disclosure gap are the DISCLOSE Act and the Shareholder Protection Act . The DISCLOSE Act would require an organization (including super PACs, 501(c) groups, trade associations, corporations and labor unions) that spends more than $10,000 on independent expenditures to report the major donors behind its expenditure within 24 hours. The Shareholder Protection Act would require publicly traded corporations to win the approval of their owners before spending money to influence elections—then to disclose the contents of such spending. The Securities and Exchange Commission (SEC) is also considering a rule that would accomplish the disclosure objectives of the Shareholder Protection Act for public companies.
Until we can get an amendment passed to overturn Citizens United, outside groups are going to be put up on a pedestal, the least we could ask is for Congress or the SEC to require them to tell us who they are.