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Republicans block campaign finance measure PDF Print E-mail
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Thursday, 29 July 2010 21:01
Senate Republicans Tuesday blocked a vote on a bill that would have forced special interest groups to disclose their donors when purchasing political ads. The legislation, a version of which has passed the House of Representatives, was offered in response to a Supreme Court decision earlier this year that erased federal limits on campaign expenditures for corporations, labor unions and special interests, allowing them to spend millions of dollars on political ads without restraint. The Senate bill, known as the DISCLOSE Act, would force special interests to reveal their donors and require CEOs to record messages saying they stand by their ads. The act would also bar government contractors, foreign-controlled corporations and companies that received federal bailout funds from making campaign-related expenditures. The bill contains an exemption for large, multi-state organizations, notably the National Rifle Association, angering some. Source