On the recordJuly 17, 2012
In fact, the measure is quite simple. Anytime an organization or individual spends $10,000 or more on a campaign-related expense--that is the issue that is very important, campaign-related expense--they have to file a disclosure report with the Federal Elections Commission within 24 hours. Every one of us who runs for office has to disclose every penny we get. It should be that way. Some States, such as our sister State of Virginia, already have a transparency and disclosure law, and it has not stifled free speech there, nor does this provision affect organizations' regular operations. The disclosure is only required when organizations and individuals spend money on campaigns or try to influence elections. Instead, this bill makes sure every person and organization plays fairly and by the same rules. Whether those organizations or individuals are in the middle, the left, the right, forward, backward or upside down, they have to play by the same rules. In fact, I truly believe this provision will take an important step forward to increase transparency and accountability. That seems only right and fair to me. I am proud to cast my vote in favor of the DISCLOSE Act. I yield the floor. The PRESIDING OFFICER. The Senator from Arizona is recognized. Mr. McCAIN. Mr.…
Source
govinfo.gov




