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Title: Cracks in the Dam
Source: [None]
URL Source: https://theintercept.com/2016/08/03 ... ed-foreign-money-us-elections/
Published: Aug 4, 2016
Author: Jon Schwarz, Lee Fang
Post Date: 2016-08-04 07:27:02 by Ada
Keywords: None
Views: 33

Three Paths Citizens United Created for Foreign Money to Pour Into U.S. Elections

Foreign Influence Part 3

Citizens United turns the legal wall against foreign money in U.S. elections into something more like a sieve.

Before the 2010 Supreme Court decision known as Citizens United, all money spent in federal elections urging the election or defeat of a candidate had to originate from identifiable human beings.

There were also strict limits on the amount any one human being could contribute to any particular campaign. And there were public disclosure requirements for donations over $200.

Corporations and unions were forbidden from involvement beyond organizing individuals’ contributions, via regular (i.e., non-Super) political action committees.

For example, Microsoft long ago established a PAC. But it could only solicit donations from individuals connected with Microsoft — e.g., executives and stockholders — and these individuals could only contribute to the PAC in amounts limited by law. The PAC doled out the money it collected from these individuals, but it couldn’t use any of the tens of billions of dollars in cash in Microsoft’s corporate treasury to make political contributions or expenditures.

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