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June 25, 2010

NRA, Sierra Club Exempted from Campaign Finance Bill
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In other news from Capitol Hill, House Democrats have passed a major
campaign finance reform bill that would require corporations as well as
unions and advocacy groups to disclose their names in campaign ads. The
measure would also ban election spending by companies with more than 20
percent foreign ownership and recipients of US bank bailouts. The bill
was written in response to the recent Supreme Court ruling that allowed
corporations and unions to spend unlimited amounts on political ads.
While the House bill was designed to rein in special interests, the
National Rifle Association, Sierra Club and some other lobbying
organizations have been exempted from the new rules.



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