The bill would require corporation to ad a disclaimer at the end of each campaign ad, just like the candidates do, "I am XYZ and I approved this ad." The legislation would ban spending on campaign ads by foreign corporations, taxpayer bailout beneficiaries, and government contractors. It would forces more disclosure of who pays for third-party ads, so corporate interests and unions won't be able to launder campaign influence through front groups with names like "Americans for the American Dream and Apple Pie" -- or the Chamber of Commerce, for that matter.
Based on Schumer's not seem to force the disclosure of the phony front groups set up by the Democratic Party such as this example:
The legislation is being introduced in both the House and Senate as a response to the 5-4 ruling by the Supreme Court in January that upheld the First Amendment rights of such groups to spend money on campaign ads. The legislation that Crazy Congressman Alan Grayson called the worst decision since Dread Scott.
Based on Schumer's not seem to force the disclosure of the phony front groups set up by the Democratic Party such as this example:
"This movement is a fad," proclaimsTheTeaPartyIsOver.org, which was established by the American Public Policy Center (APPC), a D.C.-based campaign shop that few people have ever heard of. But a close look reveals the APPC's place in a complex network of money flowing from the mountainous coffers of the country's biggest labor unions into political slush funds for Democratic activists. Here's how it works: What appears like a local groundswell is in fact the creation of two men -- Craig Varoga and George Rakis, Democratic Party strategists who have set up a number of so-called 527 groups, the non-profit election organizations that hammer on contentious issues (think Swift Boats, for example)....The money -- tens of millions of dollars -- gets circulated around to different states by the 527s, which pay for TV ads, Internet campaigns and lobbyist salaries, all while keeping the hands of the unions clean -- for the most part.
The legislation may force groups such as J-Street, Center For American Progress, and The Secretary of State Project to take credit for their ads, but it will not require them to identify that George Soros is funding those organisations.
Senator Schumer said he expected the legislation's disclosure requirements will lead to fewer corporate-funded campaign ads in November. Remember the regulation here is the creation of ads, there is a limit on how much they can spend, Corporate America can't spend "willy-nilly." That is the real issue folks, Chuck Schumer does not want corporate entities to have freedom of speech, because they tend to support Republican candidates. But progressives such as George Soros, can fund organizations that espouse his progressive philosophy and while the organization may have to identify itself Soros can keep his anonymity, while pulling the strings of the ruination of America.
This law is not only trying to regulate free speech but to give a decisive communication advantage to the progressive movement.
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Linked to your post from We The People - speech
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