New rules for corporate political expenditures

In an earlier post, we pointed out some of the ramifications of the January 21, 2010 Supreme Court ruling that affirmed the right of corporations and unions to make unlimited independent political expenditures from their treasuries in support of, or opposition to, a political candidate.

Not long after the court ruling, the Texas Ethics Commission (TEC) published a short notice that the ruling would allow Texas corporations and unions to do likewise in state elections; now the TEC has issued new rules requiring such expenditures to be publicly disclosed.

According to The Quorum Report, “the Ethics Commission ruled that corporations and unions must comply with the same disclosure requirements made of individuals.” Corporations are still prohibited from making direct contributions to a candidate’s campaign, but they can make direct expenditures in support of or opposition to a candidate.

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