Rep. Keith Ellison (D-MN) just introduced the Protect Democracy from Criminal Corporations Act. This important bill would prevent corporations that have committed felonies or settled for more than $1 million over felony charges from giving money to any political candidates or SuperPACs for 6 years.
We all know that corporations and billionaires like the Koch Brothers are dumping millions of dollars into our electoral system to back hand-picked candidates for office.
But did you know that even corporations guilty of federal crimes are allowed to spend unlimited money on elections? That’s right. No matter what crime a corporation commits, it can still spend millions influencing our elections.
Wall Street big banks like Citigroup and JPMorgan Chase, which recently pled guilty to conspiring to manipulate the price of U.S. currency, would no longer be allowed to spend on elections until 2021 under Rep. Ellison’s law. That’s sensible reform that we need to pressure Congress to enact.
CLICK HERE to add your name as a citizen co-sponsor of the Protect Democracy from Criminal corporations Act.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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