Hr 5175 The Disclose Act Democracy Is Strengthened By Casting Light On Spending In Elections

Author : Elizabeth M. Lynch
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

DOWNLOAD NOW!

Download or read book Foreign Influence in US Elections After Citizens United Versus FEC written by Elizabeth M. Lynch and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a response to Citizens United v. FEC, the House of Representatives sought to base legislation limiting Citizens United's impact on U.S. elections. Known as, “Democracy is Strengthened by Casting Light on Spending in Elections,” Act (the DISCLOSE Act or H.R. 5175), the Committee on House Administration hosted a series of discussions regarding the efficacy of the DISCLOSE Act. This testimony concerns the potential influence of foreign governments, through whole-owned corporations with U.S. subsidiaries, on U.S. elections post-Citizens United. In particular, the testimony focuses on socialist and post-socialist countries, like Russia, Vietnam and China, where ties between business and government are particularly strong. Indeed, many of these countries' most successful corporations are controlled outright by the government. For example, in the case of China, three of its most profitable global corporations, Haier, China Telecom and China State Construction Engineering Corporation (CSCE), all of which have U.S. subsidiaries incorporated in Delaware, are officially government-run. While the Chinese government does not meddle in the corporation's daily affairs, it will exert its influence if it suits the government's self-interest. At times, that self-interest could be buying influencing in U.S. elections. Citizens United now creates a loophole where such meddling could happen. The DISCLOSE Act sought to address this loophole created by Citizens United. However, it never passed Congress.