'DISCLOSE Act' Campaign Ad Bill Falls Short In Senate
July 27, 2010 at 3:50 PM (PT)
Sen. CHARLES SCHUMER (D-NY)'s controversial "DISCLOSE Act" campaogn finance bill failed to get enough votes in the Senate to avoid a Republican filibuster TODAY.
The bill, a response to the CITIZENS UNITED case ruling that invalidated restrictions on corporate and union campaign expenses, would have imposed strict disclosure rules on corporations and some interest groups, but exempted many unions and special interest groups. It also added a provision requiring businesses and groups to state their geographic locations in political ads, but exempted shorter radio ads from the requirement.
Late revisions, including dropping a provision requiring that businesses, unions and groups disclose transfers to or from or between their affiliates of $50,000 or more that exempted most union activity, were aimed at convincing Republican moderates, specifically Sens. OLYMPIA SNOWE and SUSAN COLLINS (R-ME), to support the bill, but the bill fell three votes short of the needed 60 vote level to avoid the filibuster.