Citizens United overturned a century of legal doctrine when it ruled that pursuant to the Free Speech Clause of the First Amendment, corporations and labour unions have the right to spend
unlimited amounts of money through ads, commercials and other political tools to support or oppose candidates for office.
Not exact matches
Squadron has a bill that would close the loophole, which allows individuals to contribute virtually
unlimited amounts of money to a campaign by funneling it
through a limited liability company.
Cuomo has previously called for an end to the so - called loophole in election law that allows
unlimited donations
through limited liability companies as well as limits to the
amount of money state lawmakers can earn outside
of public service.
That decision opened the floodgates to
unlimited amounts of money in elections, including
through outside groups supportive
of candidates that must not coordinate with official campaigns but can raise and spend
unlimited sums.
Mr. Cuomo's office had no immediate response to the proposal, which also included a plan to close the so - called L.L.C. loophole, which allows corporate interests to spend almost
unlimited amounts of money on campaigns by channeling contributions
through limited liability companies, which can be designed to provide little transparency.