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The measure requires the listing of the names of the top five donors to an organization running political ads, including unions, businesses and nonprofit organizations. It also requires that any individual or group paying for independent campaign activities report any expenditure of at least $10,000 made more than 20 days before an election. Expenditures greater than $1,000 would have to be disclosed within 24 hours in the final 20 days of a campaign. In a concession negotiated over the weekend, House Democrats agreed to an exemption from the disclosure requirements for organizations that have been in existence for a decade, have at least 1 million dues-paying members and do not use any corporate or labor union money to finance their campaign-related expenditures. In addition to the NRA, other organizations meeting the same criteria also would be exempt, but Democratic officials said Tuesday they were not immediately able to name any. The legislation is a response to a Supreme Court ruling handed down last winter that said businesses and unions could spend their own money directly on attempts to sway presidential or congressional elections. The 5-4 ruling overturned decades of precedent, and Democrats in Congress quickly announced plans to seek legislation requiring greater disclosure of groups that pay for commercials and other campaign activities.
[Associated
Press;
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