July 20, 2010
Very Big News: Draft FEC Advisory Opinion to Allow Corporations and Unions to Make Unlimited Contributions to Independent Expenditure Committees
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.