|
Culver signs campaign finance disclosure plan
Posted: 04.09.2010 at 7:59 AM
|
DES MOINES, IOWA (AP) - (AP) -- Corporations and unions must disclose independent campaign spending and identify themselves in their political ads under a measure signed into law by Gov. Chet Culver.
Culver signed the measure Thursday, saying the new rules were a crucial response to a U.S. Supreme Court ruling earlier this year that lets corporations and unions spend unlimited money on independent political campaigns.
Legislators originally considered tougher rules that would have required shareholder votes before corporations could spend money on political issues, but they dropped those plans due to concerns that they'd be found unconstitutional.
Supporters of the new law say they're still among the nation's strongest disclosure rules.
(Copyright ©2010 by The Associated Press. All Rights Reserved.)