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Democrats are hoping to fast-track a set of sweeping new campaign finance regulations to prevent the Supreme Court’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 — including President Barack Obama — have sharply criticized as one that will "open the floodgates" to corporate financing of federal elections.Opting against a constitutional amendment to undo the court’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.“Today we’re beginning to pick up the pieces,†Schumer said at a Thursday press conference in the Capitol.The former Democratic Senatorial Campaign Committee chairman said Democrats were prepared for an unfavorable ruling in the Citizens United v. The Federal Election Commission case, but said that the actual ruling “surpassed our worst fears.â€
The HillThey want to block foreign corporate donations, but I thought they already were blocked. How about blocking any group, or corporation that gets foreign donations? Let's see that would block almost all the 527's on the left, because of funding from George Soros. It would block Lord Zero's pac because of donations from overseas. It would block CAIR. Sounds good to me.
I'm sure unions will be exempt.