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Dodd’s Amendment To Reverse SCOTUS On Campaign Spending

Posted on February 25 2010 9:07 pm
Liz Blaine is a financial analyst, author and freelance writer on finance, economics and politics. Follow her on Twitter and her blog Liz Blaine.
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By: Eric Zimmermann

Sen. Chris Dodd (D-Conn.) introduced a constitutional amendment today to overrule a recent Supreme Court decision on campaign spending.

The court ruled 5-4 last month in Citizens United v. FEC that Congress cannot regulate independent expenditures by corporations and possibly labor unions. The ruling could dramatically increase third party spending on elections.

Dodd’s amendment, co-sponsored by Sen. Tom Udall (D-N.M.) would explicitly grant Congress the authority to regulate campaign fundraising and expenditures for federal elections.

Read the full article at The Hill

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