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DISCLOSE Act Reaches House Floor

Ian Scott on Thursday, June 24, 2010 at 2:46:26 pm

Despite concern from some Democrats, the DISCLOSE Act passed the House Rules Committee yesterday and is currently on the House floor where it may face a vote as early as today.

I'm sure many Policy Clearinghouse Blog readers have been tracking the DISCLOSE - "Democracy is Strengthened by Casting Light on Spending in Elections" - Act (also called the Schumer-Van Hollen Bill).  In case you haven't, here is a brief recap of the bill's key points:

  • CEOs of organizations sponsoring a political ad must appear on screen to “stand by their ad,” and in cases where money is funneled to an association, the top five organizations that have donated to the group would also have to be identified on screen during any ad.
  • Organizations must disclose donations for political activities that exceed $1,000.
  • Government contractors, or companies that received bailout funds from the federal government, are barred from political speech.

For more on the potential ramification of this bill and late breaking updates, check out the US Chamber's Blog - http://www.chamberpost.com/citizens-united/#tp

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