Today, Paul Hodes fought to end the influence that corporate and foreign special interests have in American elections by supporting the DISCLOSE Act. In the wake of the Supreme Court's decision in Citizens United v. Federal Election Commission, foreign corporations, Wall Street banks, and oil company CEOs have been given a green light to spend unlimited money anonymously in order to influence our elections. The DISCLOSE Act ends these corporate loopholes and forces Washington special interests to play by the same campaign rules that govern the actions of middle class Granite Staters.
"New Hampshire's elections should be decided by the people of New Hampshire," said Hodes. "Right now, the law allows foreign and corporate interests to funnel millions of their unregulated, special interest dollars into our elections. This bill cracks down on campaign spending loopholes and protects the integrity of our electoral process."
The DISCLOSE Act passed through the House of Representatives today on a bipartisan vote. In addition to making it illegal for foreign corporations with US subsidiaries to spend any money in US elections, the DISCLOSE Act will impose tough new transparency and accountability standards on all corporate campaign expenditures. The Hodes-backed proposal will also forbid bailed-out Wall Street banks, corporations owned by foreign governments, and government contractors from spending any money in an attempt to influence US elections.