U.S. Senator Claire McCaskill today released the following statement after the Senate failed to pass the DISCLOSE Act legislation to strengthen transparency in U.S. elections, in part by requiring secretive organizations spending huge sums on campaigns to disclose their donations:
"If special interests are going to continue pouring money into political campaigns, Missourians and all Americans at least have the right to know who and where that money is coming from. Transparency and accountability are Missouri values-so it's disappointing that we didn't get enough votes today, but I won't give up on my fight to shine light on who's influencing our elections."
The legislation, which failed to gain the 60 votes necessary to advance, was cosponsored by McCaskill and would have required corporations, unions and other organizations that make political expenditures to disclose their donors. It would also require disclosure of campaign related transfers made by third party groups in order to prevent the use of shell organizations to hide donor identities.
The legislation is a response to the Supreme Court decision in the case Citizens United v. FEC that struck down large parts of campaign finance law and opened the door to large donations to political campaigns by American and foreign-owned corporations.