Quick back story: A few months back, the Supreme Court hands down the Citizens United case, which gives corporations the right to spend as much as they want, at any point they want, in elections. In an effort to blunt the impact of that ruling, House Democrats developed the DISCLOSE Act, which would use transparency to combat money. Under the terms of the law, corporate CEOs would have to appear in their ads, and shell organizations would have to identify their top five donors on screen. There would also be an unprecedented amount of donor transparency.[more]
Of course, some organizations don't like this. And one of them, the National Rifle Association, is powerful enough to do something about it. They've demanded an exemption from the bill, and they've gotten one. "The proposal would exempt organizations that have more than 1 million members, have been in existence for more than 10 years, have members in all 50 states and raise 15 percent or less of their funds from corporations," reports John Bresnahan. The NRA is the only organization that meets the criteria.
6 hours ago
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