Congressman Adler Votes to Limit Corporate Money in Elections

Press Release

Congressman John Adler voted last night to close loopholes caused by the controversial Citizens United Supreme Court ruling. The Citizens United decision gave special interest groups the ability to make unrestricted campaign donations, effectively shutting out the voice of middle-class families, seniors and small businesses. The DISCLOSE Act, passed in a bipartisan vote last night, requires additional disclosures on corporate, labor or political advertising and spending.

"Middle-class families, seniors and small businesses are already fed up with the way Washington works," Congressman John Adler said. "We cannot tolerate special interests flooding the airwaves with anonymous attack ads. America deserve transparency and accountability in the campaign process."

The DISCLOSE Act aims to make corporations and special interests stand by their political advertising and donations. Furthermore, it contains a commonsense provision to make sure Big Banks which receive Troubled Asset Relief Program (TARP) funds pay back the American taxpayer before paying for political advertisements. The DISCLOSE Act aims to bring transparency to the political activities of special interests groups by:

* Stopping the manipulation of elections by fly-by-night "hit" groups funded by U.S. based foreign corporations such as BP, special interests, and billionaire CEOs;
* Requiring CEOs to stand by their ads, just like candidates;
* Giving shareholders, organization members, and the public the right to know about corporate and interest group campaign expenditures;
* Preventing U.S. corporations controlled by foreign -- or even hostile -- governments from pumping secret money into our elections;
* Preventing large government contractors and TARP recipients from making political expenditures;
* Prohibiting large grassroots political organizations from spending corporate funds on campaign expenditures.

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