The Real Time Transparency Act
Yesterday I introduced the Real Time Transparency Act with Senator Angus S. King, Jr. This bill will increase transparency in political campaigns and elections by allowing the public to see the connections between the donors, the policymakers and the policies our government pursues.
In the wake of The Supreme Court’s decision in McCutcheon v. Federal Election Commission (FEC), wealthy donors have been able to give unlimited amounts to political campaigns, parties and candidates. While it will take an amendment to the constitution to stop big money in politics, this bill at least ensures that we know who is funding campaigns in this new era of unlimited donations. It requires that all contributions of $1,000 or more are reported and published within 48-hours. Without this legislation, a single donor will be able to contribute millions of dollars cumulatively to members of Congress and their parties on the eve of a vote that would impact that individual’s particular interest and the public would be none the wiser for up to 3 months afterwards.
You can read the bill below.