Rep Yarmuth Unveils Political Disclosure Bill

Rep John Yarmuth (D-KY) has introduced a bill that would direct the Federal Communications Commission to require the on-air sponsorship identifications on TV and radio political ads from PACs and nonprofits to better identify the actual funders of those ads. According to Rep Yarmuth's office, the Keeping Our Campaigns Honest Act would direct the FCC to use its existing authority to "require disclosure of the donors behind Super PACs and 501(c)(4) organizations that are flooding the nation’s airwaves with anonymous ads."

Specifically, the bill would "direct the Federal Communications Commission to revise its sponsorship identification rules so as to require the disclosure of the names of significant donors to persons paying for or furnishing broadcast matter or origination cablecasting matter that is political matter or matter involving the discussion of a controversial issue of public importance." Campaign finance reform groups have been urging the FCC to use that authority to require more detailed disclosures, in part as a way to better identify the direct corporate and union campaign speech funding allowed under the Citizens United Supreme Court decision. "The American people are owed a level honesty when it comes to identifying who is trying to influence their vote,” Rep Yarmuth said. “So long as these individuals are allowed to continue to spend hundreds of millions of dollars attempting to impact our elections and our democracy, they should also be required to step out into the light and let voters know just who they are.” Minority Leader Nancy Pelosi (D-CA) and Energy and Commerce Committee Ranking Member Frank Pallone (D-NJ) are among the lawmakers co-sponsoring the bill.