The proposed law would ban some corporations from funding campaign ads and require others to disclose their top five donors in ads and on their websites.
“We believe voters have an absolute right to know who is spending money to try to influence their vote. And this will prevent big special interests from hiding behind front organizations, sham entities, to try and hide from the voter what they're doing. Nobody, nobody should be afraid of this transparency unless they have something to hide,” said Rep. Van Hollen in a press conference introducing the act on April 29.
But cribbing from President Obama’s playbook in cutting early deals with pharmaceutical companies and other potential opponents to move health care legislation, Democrats this week cut deals exempting the NRA as well as the Sierra Club, the Humane Society, and AARP from disclosure requirements in the bill.