Campaign Finance Disclosure. Back on June 24, 2010, the House passed the DISCLOSE Act (“Campaign Finance Disclosure”), H.R. 5175, which would establish new regulations for corporations, unions, and advocacy and lobbying groups for campaign-related activities.
A companion DISCLOSE bill, S. 3628, was introduced in the Senate on July 21, 2010.
The Senate failed to invoke cloture (limiting debate and allowing for a vote) on the motion to proceed to the DISCLOSE Act, S. 3628, on September 23, 2010 by a vote of 59-39 (Roll Call 240). Sixty votes are required to invoke cloture. We have assigned pluses to the nays because invoking cloture would have permitted a vote on, and certain passage of, the unconstitutional DISCLOSE Act to restrict the free speech rights of corporations, unions, and special interest groups.
