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 Democrats Writing Bill to Bar Foreign Money from U.S. Political Campaigns

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Artie60438

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PostSubject: Democrats Writing Bill to Bar Foreign Money from U.S. Political Campaigns   1/26/2010, 11:49 am

I think we just found our wedge issue. cheers

Democrats Writing Bill to Bar Foreign Money from U.S. Political Campaigns

Quote :
Rep. Chris Van Hollen said Monday that Democrats are crafting legislation to prevent foreign owned corporations from funneling money into American political campaigns, saying the prospect of overseas influence is a "big danger" in the aftermath of a landmark Supreme Court opinion that changed the rules for political fundraising.

"There's a big danger that the decision opens the door to foreign owned corporations indirectly spending millions of dollars to influence the outcome of U.S. elections through their American subsidiaries," Van Hollen, D.-Md., told ABC News. "The American people should be deeply concerned. This decision raises all sorts of questions."

Van Hollen said a ban on foreign-owned companies from donating will be part of broad legislation being crafted by Democratic leaders in Congress, in consultation with the White House. Van Hollen and Sen. Chuck Schumer, D.-N.Y., will be drafting the bill, which will try and unwind the court's action.
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