Markey, Senate Democrats Introduce Legislation to Crack Down on Secret Spending in Elections
DISCLOSE Act of 2014 will help correct flood of secret money created by Citizens United decision
Washington (June 25, 2014) – With the Koch Brothers and many others spending untold millions to influence this year’s elections, Senator Edward J. Markey (D-Mass.) joined Senator Sheldon Whitehouse (D-R.I.) and other Senate Democrats to introduce the DISCLOSE Act of 2014. The bill would crack down on so-called “dark money” by requiring organizations that spend money to influence elections to disclose their spending as well as their major sources of funding in a timely manner.
“Since the Supreme Court’s Citizens’ United decision, a tsunami of undisclosed, unlimited campaign spending has infected our democracy. Voters today are besieged with political ads – in the mail, online, on television and radio – paid for by groups with misleading names meant to conceal their backers,” said Senator Markey. “The DISCLOSE Act will shine a spotlight on these shady political players so that voters really know who is trying to buy their vote. The information the DISCLOSE Act requires is basic, and the bill is a fundamental step in fixing our broken campaign finance system.”
According to the Center for Responsive Politics, election spending from undisclosed sources in the 2012 election cycle topped $310 million—a dramatic increase from the $69 million in 2008, the last presidential election cycle before the Citizens United decision. This year, outside groups have run 90 percent of the television ads in the North Carolina race, and 87 percent in Michigan, according to the Wesleyan Media Project. Many of these ads mislead voters and give no indication who is supporting or opposing the candidates.
The DISCLOSE Act requires any covered organization that spends $10,000 or more during an election cycle to file a report with the Federal Election Commission within 24 hours, detailing the amount and nature of each expenditure over $1,000 and the names of all of its donors who gave $10,000 or more. Transfer provisions in the bill prevent donors from using shell organizations to hide their activities.