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May 4, 2010

Democrats Unveil Election Spending Bill


Declaring that his bill would "stop the funneling of big money from shadow groups in order to fund ads that are virtually anonymous," Sen. Charles Schumer (D-N.Y.) introduced legislation that would require corporate and union officials who contribute to election campaigns to disclose their donors and even appear in election ads. 

The incumbent-friendly legislation is a clear attempt to circumvent the recent Supreme Court decision (Citizens United vs. the Federal Elections Commission) where the High Court struck down most federal limits on corporate spending as a violation of free speech. 

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