Russ Feingold: “let me note that there is no constitutional argument against this bill because these organizations receive a tax…”

“let me note that there is no constitutional argument against this bill because these organizations receive a tax exemption. The public is entitled to this information in exchange for the substantial tax benefit these groups receive. I am so pleased this matter will be demonstrated in the courts because this bill is going to actually become law. I would like to use the remaining time to remind my colleagues and the public of the scope of the loophole we are about to get rid of. This has been called the ``mother of all loopholes.'' If left unchecked, literally millions upon millions of dollars originating from foreign governments, foreign companies, and even, theoretically, organized crime could be spent in our elections without a single solitary bit of reporting and accountability--totally secret money in unlimited amounts, and no one would know where the money was coming from. It is hard to imagine anything that would be worse for the health of our democracy.”