House Passes Campaign Finance Disclose Act - US News and World Report
"After a January Supreme Court decision allowing corporations and unions to spend unlimited amounts of money sponsoring campaign ads, Democrats crafted legislation in both chambers that would require stricter methods of campaign finance disclosure.
The bill has come under fire recently for carve-outs. In response to pressure from the NRA, House Democrats made an amendment last week to exempt organizations that have over 1 million members, have been in existence for at least a decade, and receive less than 15 percent of their funding from corporations."
So a targeted suppression of freedom of speech rights?
What happened to the First Amendment which says,
"Congress shall make no law… abridging the freedom of speech"?
Companies that are granted government contracts or received TARP bailout money will be banned from political speech. Now we know why these democrats love bailouts, it allows an endless stream of new laws with retroactive penalties.
Hell, even the ACLU is coming out against this unconstitutional act. You cannot write a law, and then carve out exclusions for this person but not that person, and this group, but not that group base on their profits or how much funding they receive from private corporations. Then unions and even the NRA are granted exclusions, (in exchange for the NRA dropping its opposition to the campaign-finance reform bill).
Gun Owners of America:
"Apparently it's ok to 'carve out' a little free speech if you're in the role of the 'elitists.' But the misguided NRA exemption will leave millions and millions of gun owners and sportsmen belonging to dozens of different organizations out in the cold."