Thursday, May 10, 2012

Campaign Finance Reform Deferred

A year ago, President Barack Obama was considering an executive order to require all corporations with a government contract to disclose political spending. Campaign finance reformers were all aglow because it looked like a defacto Disclose Act, which would require disclosure of political spending of over $1,000.

In February 2012, Obama's re-election campaign announced that it would support Priorities USA and other Democratic Super PACs and it pledged to work on campaign finance work in the meantime. Obama supports House and Senate versions of the Disclose Act, which has no chance of passing.

President Obama could try to force nominees onto the Federal Election Commission or call for the Securities Exchange Commission to issue rules requiring political spending disclosure. He is not likely to do either.

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