The latest campaign finance bill put forward by Sen. Charles Schumer, D-N.Y., keeps intact a loophole exempting the National Rifle Association [NRA] from disclosure and speech restrictions in election cycles, according to a report by CNSNews.com.
Schumer’s bill attempts to undercut the Supreme Court decision in Citizens United v FEC, which removed restrictions on corporate and union spending during elections.
The latest draft, an updated version of Schumer’s original DISCLOSE Act (Democracy Is Strengthened by Casting Light On Spending in Elections), was introduced in the Senate on July 21 -- without being referred to committee.
On July 22, Senate Majority Leader Harry Reid, D-Nev., filed for cloture on the new Schumer bill, setting it up for a final vote likely on July 27.
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