July 20, 2010

Very Big News: Draft FEC Advisory Opinion to Allow Corporations and Unions to Make Unlimited Contributions to Independent Expenditure Committees

The draft AO in Commonsense Ten just was posted, and comments are due by tomorrow at 5 pm. (See also the Club for GrowthAO, which also was just posted, and the Walther alternative.)

If this AO passes, as it apparently will without even a meeting or public discussion, it is going to make it much more likely that the public will be unaware of the identity of corporate and union backers of campaign ads. A new disclosure regime is therefore essential, whether it comes through the DISCLOSE Act or otherwise. I said when CU was decided that a few more dominoes had to fall before I'd expect a flood of new money into elections. This is one big domino.

UPDATE: I explain more about why we need better disclosure, and the kind of disclosure we need, here.

Posted by Rick Hasen at July 20, 2010 07:35 PM