On the recordMay 3, 2010
Madam President, last Friday, I introduced S. 3295, the DISCLOSE Act, because Democracy Is Strengthened by Casting Light on Spending in Elections. I am joined by 40 of my Senate colleagues as cosponsors. Decades ago, Justice Louis Brandeis boldly said, ``Sunlight is said to be the best of disinfectants.'' That is exactly what this bill will do--shine a light on the flood of spending unleashed by the Citizens United decision. The DISCLOSE Act will drill down and give the public the information they have a right to know. No longer will groups be able to live and spend in the shadows. The Court spoke in the Citizens United decision. And while there is disagreement with its ruling, there is room to maneuver. This legislation does not circumvent the Court by reimposing a backdoor ban on corporate spending. Instead, the DISCLOSE Act closes certain loopholes and relies on enhanced disclosure, an idea endorsed by the Court. This legislation meets the test of constitutionality. The aim of the DISCLOSE Act is simply to level the political playing field so that special interests do not drown out the voice of the average voter. It applies to corporations and advocacy organizations the same rules that candidates already have to abide by. And it applies these rules equally across the board. It covers corporations and labor unions alike, as well as 527s, social welfare organizations, and trade associations.…
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