Senator Chris Dodd (D-CT) “today introduced a constitutional amendment to reverse a recent Supreme Court ruling on campaign finance that has the effect of allowing virtually unlimited corporate spending in elections,” according to a press release.
The constitutional amendment would authorize Congress to regulate the raising and spending of money for federal political campaigns, including independent expenditures, and allow states to regulate such spending at their level. It would also provide for implementation and enforcement of the amendment through legislation.
Senator Tom Udall (D-NM) “joined Dodd as an original cosponsor of the constitutional amendment.”
In addition to the amendment, Dodd and Udall “plan to support interim legislative efforts to blunt the Supreme Court’s ruling, including increased disclosure requirements on corporate campaign spending and other efforts to further limit the influence of foreign corporations in the democratic process.”
(credit image – getty)