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Today U.S. Senator Chuck Schumer and U.S. Representative Chris Van Hollen introduced a series of strong reforms in response to the U.S. Supreme Court’s recent Citizens United ruling.
“The 2010 elections will set the stage for corporate participation in the wake of the Citizens United ruling for decades, so rapid-fire action is required to curtail the worst impacts of this decision in time to impact the 2010 elections,” Diane E. Brown, Executive Director of the Arizona Public Interest Research Group (Arizona PIRG) commented.
The reforms introduced will increase disclosure information about ad spending from corporate sources and provide shareholders with information before corporations can spend their money. The lowest unit rate advertising will be available to candidates who are facing corporate competition. In addition foreign corporations with domestic subsidiaries, federal contractors and TARP recipients who have not repaid their funds will be banned from spending their money on politics.
“Our democracy is at risk like never before and the playing field of American politics is far from level. Congress must pass this strong package of reforms to protect regular constituents,” Brown added.
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