It is important that voters know whether the ad sponsored by Citizens for a Clean Environment are really bank-rolled by British Petroleum, or perhaps by the Sierra Club, in order to judge the ad's credibility. Now, I know there is a great deal of concern by some people about one part of the legislation which would exempt the category of organizations from the obligation to disclose their contributors, not from other obligations of the bill, but from the obligation to disclose their contributors. By limiting the exemption of this one requirement to include only those organizations which have been in existence for at least a decade, have 500,000 dues-paying members, have dues-paying members in each of the 50 States, and receive no more than 15 percent of their funding from corporations and unions, the bill would still require disclosure from the kind of corporations who seek to buy elections secretly and with unlimited cash. We cannot allow the perfect to become the enemy of the good. The DISCLOSE Act would make a vast and substantial difference in protecting the integrity of our elections, and I cannot think of a more important bill if this country is going to remain a democracy with a small ``d'' and not a captive of large corporations. I urge all of my colleagues to support this bill despite its imperfections.
Editor's note · Context
Nadler discusses the importance of the DISCLOSE Act for election integrity and transparency in campaign financing.
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