By: Jared Allen, TheHill.com
Democrats are hoping to fast-track a set of sweeping new campaign finance regulations to prevent the Supreme Courtâ€™s landmark Citizens United decision from affecting the November midterm elections.
Sen. Charles Schumer (D-N.Y.) and Rep. Chris Van Hollen (D-Md.) on Thursday unveiled the majority party’s legislative response to the Citizens United case, which they and other Democrats â€” including President Barack Obama â€” have sharply criticized as one that will “open the floodgates” to corporate financing of federal elections.
Opting against a constitutional amendment to undo the courtâ€™s rejection of existing laws that ban certain political spending by corporations, Democrats are proposing to ban donations by foreign-influenced and taxpayer-assisted corporations, as well as a series of tough new disclosure requirements on corporations that would still be allowed to steer money toward political action groups.
To continue reading this article: http://thehill.com/homenews/campaign/80745-dems-look-to-crack-down-on-corporate-political-spending-ahead-of-midterms
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