DISCLOSE Act Passes House
June 28, 2010 at 4:25 AM (PT)
The controversial DISCLOSE Act, which would make corporations buying campaign ads in elections disclose their funding within the ads, passed Congress by a 219-206 margin THURSDAY.
The bill, introduced in the House by Rep. CHRIS VAN HOLLEN (D-MD) and in the Senate by Sen. CHUCK SCHUMER (D-NY), is a reaction to the Supreme Court's ruling in the CITIZENS UNITED case that struck down campaign finance restrictions on corporations and unions, but the bill puts new and tighter restrictions on corporations while allowing unions and a group of special-interest lobbying groups (including the AARP, SIERRA CLUB, and NRA) to continue with few restrictions. The House version of the bill includes a prohibition on campaign spending by companies receiving TARP bailout money or companies with more than $7 million in government contracts, and a provision written by Rep. BOB BRADY (D-MD) that allows unions to use affiliated groups to move money around to pay for ads without disclosure.
The bill has drawn opposition from a coalition of groups on both sides of the political aisle.