Potential legislation could reverse Citizens United

Legislation against the Supreme Court’s decision allowing corporations and unions to donate campaign funds to federal elections may be introduced by the end of the week, according to The Hill.

Democrats are working with Republicans in both chambers to create bipartisan legislation, and have seen support from Reps. Mike Castle (R-Del.), Todd Platts (R-Pa.) and Walter Jones (R-N.C.)

The legislation comes as a response from the Citizen’s United 5-4 ruling that was praised by Republicans as long-overdue and lauded by Democrats as a victory for large corporations over average citizens.

Major provisions in the bill include strict disclosure and disclaimer requirements for corporate-funded campaign ads. It would also mandate that CEOs and top donors appear on camera to “approve”  messages. Companies with a 20 percent or higher foreign ownership would be banned from contributing to elections.

“The heart of this legislation is going to ensure that the public is aware of who is actually putting up the money to finance these ads,” said Fred Wertheimer, president of Democracy 21, according to The Hill.