House Passes Disclose Act

Overcoming near-unanimous Republican opposition, the House yesterday passed the Disclose Act, which requires corporations and unions to disclose contributions, bans political donations from corporations with government contracts exceeding $10 million, and prohibits foreign corporations from contributing to political campaigns.

The bill unfortunately contains an exception, included under pressure from the NRA, for organizations that have over 1 million members, have been in existence for at least a decade, and receive less than 15 percent of their funding from corporations. However, it’s still a blow for transparency in government, helping to undo some of the damage caused by the supreme court’s faulty ruling in Citizens United.

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