Following two U.S. Supreme Court decisions removing some significant restrictions on campaign spending, a U.S. Senate panel today considered a measure that seeks to increase campaign finance transparency.
Maine U.S. Sen. Angus King, an independent, led a Senate Rules Committee hearing on the "Disclose Act," which would require organizations that spend money to influence elections to disclose their spending as well as their major sources of funding in a timely manner.
"When a group is listed as 'Americans for Greener Grass' as the contributor, that's disclosure - that's not disclosure," King said. "Disclosure is knowing who gave the money to 'Americans for Greener Grass.' "
King says it's getting to the point where candidates are the little guys and the real fight is is between the nation's billionaires.
