Monday, January 25, 2010

Grayson’s Proposals

Rep. Alan Grayson (D-FL) is no shrinking violet when it comes to hitting back at the Supreme Court’s ruling last week about campaign finance.

Here are the bills that Congressman Grayson has introduced, and what they aim to accomplish:

1) The Business Should Mind Its Own Business Act (H.R. 4431): Implements a 500% excise tax on corporate contributions to political committees, and on corporate expenditures on political advocacy campaigns.

2) The Public Company Responsibility Act (H.R. 4435): Prevents companies making political contributions and expenditures from trading their stock on national exchanges.

3) The End Political Kickbacks Act (H.R. 4434): Prevents for-profit corporations that receive money from the government from making political contributions, and limits the amount that employees of those companies can contribute.

4) The Corporate Propaganda Sunshine Act (H.R. 4432): Requires publicly-traded companies to disclose in SEC filings money used for the purpose of influencing public opinion, rather than to promoting their products and services.

5) The Ending Corporate Collusion Act (H.R. 4433): Applies antitrust law to industry PACs.

The titles need some work — it sounds like they’re doing nothing but baiting the GOP — but it’s the thought that counts.

HT to Balloon Juice.