Loebsack Votes to Keep Special Interests Out of Politics

DISCLOSE Act Will Address Citizens United Ruling.

Today, Congressman Dave Loebsack voted for the DISCLOSE Act. The bill will address the Supreme Court's ruling in Citizens United v. FEC, and work to ensure transparency and disclosure in the electoral process.

"I come home every weekend, and Iowans all say the same thing about Washington - enough is enough. The voices of ordinary Americans should not be pushed aside for the whims of special interests and Iowans are fed up," said Loebsack. "Requiring corporations to stand by their ads in the same way candidates do, and preventing foreign-owned entities from participating in our elections puts voters back in charge, and prevents big corporations with limitless resources from unfairly influencing elections."

This legislation -- the most far-reaching campaign finance reform law since McCain-Feingold does more to strengthen disclosure and transparency than any measure in recent history -- works to:

· Prevent U.S. corporations controlled by foreign -- or even hostile -- governments from dumping in secret money to influence U.S. elections

· Stop manipulation of elections by fly-by-night "hit" groups funded by corporations such as BP, special interests, foreign companies, and multimillionaires

· Expose Wall Street, Big Oil, insurance companies, and other special interest groups behind last minute attack ads and other election ads--requiring their CEOs to stand by their ads

· Prevent large government contractors and TARP recipients from making political expenditures

· Give shareholders, organization members, and the public the right to know about corporate and interest group campaign expenditures

· Ensure that established, grassroots organizations, with membership of 500,000 or more, stand by their political ads and prohibits them from using corporate dollars for campaign purposes -- while respecting privacy of their contributors

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