Citizens United foreign campaign contributions Democratic bill
Senator Sheldon Whitehouse (D-RI) and U.S. Rep. Jamie Raskin (D-MD). Eric Lee | Graeme Sloan | Bloomberg | Getty Images Congressional Democrats are looking to close what they characterize as loopholes created by the 2010 Citizens United Supreme Court decision that allow foreign entities to funnel money into U.S. elections. The bill, led by Rep. Jamie Raskin, D-Md., and Sen. Sheldon Whitehouse, D-R.I., and shared first with CNBC, would establish foreign ownership thresholds to determine which U.S. corporations should be barred from contributing to campaigns, ballot initiatives and referendums. “The Roberts Court’s reckless decision in Citizens United continues to spell disaster for American democracy, allowing oligarchs and autocrats around the world to wield their influence over our elections and undermine our institutions,” Raskin said in a statement, referring to Chief Justice John Roberts and the ruling that enabled corporations and outside groups to spend unlimited sums on U.S. elections. Read more CNBC politics coverage The proposal would “root out corruption and make sure our elections are decided by the American people, not the foreign oligarchs,” …






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