| 00:00:38 |
Schumer, Charles E. - U.S. Senator, [D] New York
D.I.S.C.L.O.S.E. ACT OF 2012 WHICH OUR COLLEAGUE SHELDON WHITEHOUSE INTRODUCED LAST WEEK. THE SUPREME COURT'S CITIZENS UNITED DECISION IN CONJUNCTION...
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| 00:06:53 |
Alexander, Lamar - U.S. Senator, [R] Tennessee
PREDICTABLE AS THE SPRING FLOWERS IN THE MIDDLE OF AN ELECTION. MY FRIENDS ON THE OTHER SIDE OF THE AISLE ARE TRYING TO CHANGE THE CAMPAIGN FINANCE...
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| 00:12:11 |
Feinstein, Dianne - U.S. Senator, [D] California
MUCH. GIVEN WHAT WE HAVE SEEN IN THE REPUBLICAN PRIMARY THIS YEAR, I REALLY BELIEVE WE MUST TRY TO PASS THE D.I.S.C.L.O.S.E. ACT. IN 2010, WE CAME...
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| 00:14:04 |
Blunt, Roy - U.S. Senator, [R] Missouri
ACT. I HAVE SOME CONCERNS WITH THE BILL. IS A FORMER SECRETARY OF STATE OF MISSOURI I'VE ALSO SERVED AS THE CHIEF ELECTION OFFICIAL, I AM PARTICULARLY...
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| 00:15:10 |
Durbin, Richard "Dick" J. - U.S. Senator, [D] Illinois
ARE NOT TALKING ABOUT SUPER PACs. WE ARE TALKING ABOUT SUPERSECRET PACKS IN THE QUESTION IS WHETHER THERE OUGHT TO BE TRANSPARENCY SO THE PEOPLE OF AMERICA...
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| 00:18:36 |
Udall, Tom - U.S. Senator, [D] New Mexico
ITS DISASTROUS OPINION IN CITIZENS UNITED VERSUS FDC. TWO MONTHS LATER, THE D.C. CIRCUIT COURT OF APPEALS IN THE SPEECH NOW VERSUS FCC CASE, THEY ALSO...
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| 00:24:20 |
Leahy, Patrick J. - U.S. Senator, [D] Vermont
OUR EFFORTS TO RESTORE TRANSPARENCY TO CAMPAIGN FINANCE LAWS WERE GUTTED BY A NARROW, CONSERVATIVE, ACTIVIST MAJORITY OF THE SUPREME COURT AND WE CANNOT...
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| 00:29:36 |
Schumer, Charles E. - U.S. Senator, [D] New York
FORWARD. OKAY. I HAVE A BRIEF INTRODUCTION FROM EACH WITNESS, ALL OF WHOM ARE WELL KNOWN IN THIS AREA. MR. CAIN NINE IS THE PRESIDENTS OF THE MARK...
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| 00:31:15 |
Wertheimer, Fred - Founder, President & CEO
21, A NEIGHBOR SHE ATTEMPTED TO TESTIFY TODAY IN SUPPORT OF THE D.I.S.C.L.O.S.E. ACT. IF THE AVERAGE INTO THE AIR RISES LATER ON I WOULD LIKE TO...
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| 00:36:29 |
Keating, David - Executive Director
DISCLOSURE OF SPENDING TO DEFEAT CANDIDATES THE RADICAL PROPOSAL WILL ACTUALLY SELL SPEECH, FORCE NONPROFITS TO FUNDAMENTALLY ALTER THEIR FUNDRAISING...
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| 00:41:22 |
Hasan, Richard, -
THANK YOU FOR THE OPPORUNITY TO BE HERE TODAY TO TESTIFY ABOUT THE D.I.S.C.L.O.S.E. ACT. I STRONGLY SUPPORT THE MEASURE AS A WAY OF CLOSING LOOPHOLES...
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| 00:46:10 |
Schumer, Charles E. - U.S. Senator, [D] New York
AS YOU KNOW, THE EXAMPLE PROFESSOR HE SINEWS TOUR SOMEBODY CONTRIBUTES OR A GREAT AMOUNT OF MONEY INTO A 501(C)(4), THE 501(C)(4) SHELL ORGANIZATION...
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| 00:47:00 |
Keating, David - Executive Director
ALREADY. >> LET ME -- WAS THAT ANSWER THE SPECIFIC QUESTION. HE SAID THAT JUST HAVING FREEDOM WORKS BE THE LISTING IS NOT ADEQUATE AND DOES THAT TELL...
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| 00:49:18 |
Wertheimer, Fred - Founder, President & CEO
HOW. THEY HAVE LIMITED THE DISCLOSURE TO ALL THE INDIVIDUALS TO GIVE FOR THE SPECIFIC PURPOSE OF WRITING THOSE ADS. NO ONE SAYS THEY DO. THAT IS HOW...
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| 00:49:48 |
Schumer, Charles E. - U.S. Senator, [D] New York
KNOW. THAT IS THE BOTTOM LINE, ISN'T THAT CORRECT? >> HE TALKED ABOUT DISCLOSURE INDEPENDENT EXPENDITURES. WHAT IS HAPPENING TECHNICALLY SPEAKING IS...
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| 00:50:07 |
Hasen, Richard L. - Professor
FUND ELECTION-YEAR COMMUNICATIONS NOT ADEQUATELY DISCLOSED THANKS TO SEC REGULATIONS AS WELL AS A DEADLOCK AS TO HOW THE RULES SHOULD -- >> MY EXAMPLE...
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| 00:51:26 |
Wertheimer, Fred - Founder, President & CEO
BRIBERY. SOMETHING WE USED TO HAVE YEARS AGO. AND LET ME GIVE A FEW COMMENTS FROM PEOPLE OTHER THAN ME ABOUT THIS. THE SUPREME COURT HAS SAID IN BUCKLEY...
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| 00:54:08 |
Alexander, Lamar - U.S. Senator, [R] Tennessee
MCCARTHY IN TESTIMONY BEFORE THIS COMMITTEE SAID THE FOLLOWING. WATERGATE WAS SAYS IT AS AN EXAMPLE OF CORRUPTION OF THE SYSTEM, ALTHOUGH THERE WAS...
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| 00:54:45 |
Keating, David - Executive Director
LESS SPENDING. WHEN CERTAINLY WOULD BE MASSIVE DISRUPTION IN THE WAY MANY OF THESE ORGANIZATIONS NEED TO HANDLE THEIR FUND-RAISING EFFORTS. I DID...
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| 00:59:56 |
Schumer, Charles E. - U.S. Senator, [D] New York
UNDISCLOSED. YOU STILL HAVE THAT ABILITY TO DO IT. IF YOU WANT TO GIVE A MILLION DOLLARS TO THE CANADA YOU WILL HAVE TO DISCLOSE IT. >> IF YOU GIVE...
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| 01:00:41 |
Feinstein, Dianne - U.S. Senator, [D] California
THAT DISCLOSURE, SOME LIGHT CRIMINOLOGIST, A RADICAL IDEA I WAS REALLY TAKEN ABACK BY THAT. BECAUSE I DON'T SEE HOW IT POSSIBLY CAN BE. THIS BILL IS...
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| 01:01:43 |
Keating, David - Executive Director
CONCEPT OF DISPOSER BEING RADICAL. PROVISIONS IN THIS BILL I CONSIDER RADICAL, AND I THINK PERHAPS THE MOST RADICAL IS THE GOVERNMENT MANDATED DISCLAIMER...
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| 01:03:38 |
Wertheimer, Fred - Founder, President & CEO
MINUTE. ITS TV ADS REQUIRE THE HEAD AN ORGANIZATION TO TAKE RESPONSIBILITY FOR THE AD IN THE SAME WAY THAT YOU HAVE TO TAKE RESPONSIBILITY FOR YOUR...
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| 01:04:41 |
Keating, David - Executive Director
A HARDSHIP EXCEPTION WAS THE SEC CAN USE HER JUST FOR YOU ARE TALKING ABOUT. YOU ARE CORRECT. >> DISCLOSURE IS TOO LONG A BURDEN. >> IT TAKES EIGHT...
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| 01:05:14 |
Hasen, Richard L. - Professor
DOES. >> YOU HAVE AN EXTRA COUPLE OF MINUTES. >> I WAS JUST READING ABOUT THE PG&E
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| 01:05:25 |
Feinstein, Dianne - U.S. Senator, [D] California
CASE WHERE I WISH I HAD THIS IN FRONT OF ME.UuUuEqUuUuUu THE PACK APPROXIMATELYMq]N]qNuNu $46 MILLION ALL OF WHICH WAS DONATED BY PG&E. NO, PG&E IS...
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| 01:07:29 |
Keating, David - Executive Director
THANK YOU, MR. CHAIRMAN. >> TWO POINTS. I BELIEVE OUR LAW IS QUITE THE SAME AS CALIFORNIA, AND THE HARDSHIP EXEMPTION I MENTIONED, IF FOR SOME REASON...
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| 01:08:01 |
Blunt, Roy - U.S. Senator, [R] Missouri
THE COMMUNICATION IS TRANSMITTED THROUGH RADIO, PAID FOR IN WHOLE OR IN PART THROUGH THE PAYMENT WHICH IS TREATED IN THE CAMPAIGN RELATED DISBURSEMENT...
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| 01:08:12 |
Schumer, Charles E. - U.S. Senator, [D] New York
LISTED UNLESS A BASIS OF CRITERIA ESTABLISHED IN REGULATION BY THE COMMISSION THE COMMUNICATION IS OF SUCH SHORT DURATION, PERHAPS 30 SECONDS, THEN...
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| 01:08:57 |
Blunt, Roy - U.S. Senator, [R] Missouri
REQUIRES DISCLOSURE THE SEC HAS DENTED THEPp DISCLOSURE.PpXpPp >> THE CONTRIBUTION DISCLOSURE. >> HAL IS THE SEC GETTING THEXpXpXp CONTRIBUTIONS CLOSURE?...
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| 01:09:12 |
Wertheimer, Fred - Founder, President & CEO
TO BEXp DISCLOSED AS THIS CONTRIBUTION THAT WAS GIVEN FOR THE SPECIFICXp PURPOSE OF MAKING CAMPAIGN RELATED EXPENDITURES. >> AND THESE WOULD BE DISCLOSES...
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| 01:10:57 |
Hasen, Richard L. - Professor
INDEPENDENT EXPENDITURE YOU MUST LIST THE INDEPENDENT EXPENDITURE TO THE FEC @BOOKTV SEC WITHIN 40 HOURS A 12 ERS.
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| 01:11:05 |
Keating, David - Executive Director
IF IT IS AN ELECTION-YEAR COMMUNICATION YOU NEED TO DISCUSS THE EXPENDITURE. IF MONEY WAS GIVEN FOR THE INDEPENDENT EXPENDITURE, AND THIS IS WHAT I...
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| 01:12:02 |
Blunt, Roy - U.S. Senator, [R] Missouri
GIVEN FOR INDEPENDENT EXPENDITURES. CLUB FOR GROWTH TODAY HAS A SUPER
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| 01:12:09 |
Keating, David - Executive Director
PACS, AND HE USES THAT ENTITY TO RAISE MONEY FOR INDEPENDENT EXPENDITURES. ALL OF THE DONORS TO THAT ORGANIZATION ARE DISCLOSED. >> SO THE SUPER PACS...
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| 01:13:42 |
Wertheimer, Fred - Founder, President & CEO
DISCLOSURE REQUIREMENTS. >> THE BILL PROVIDES A DEFINITION OF AN ELECTION ERIC COMMUNICATION WHICH ALREADY EXISTED. IF SOMETHING IS TRIGGERED ALL THIS...
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| 01:14:02 |
Hasen, Richard L. - Professor
THOSE WERE STRUCK DOWN. >> WE TAKE THIS 60 OR 90 DAYS THAT WERE 30 OR 60 DAYS IN THE LAW NO AND WE TAKE THAT SAME PRINCIPLE AND EXPANDED FOR AN ENTIRE...
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| 01:14:14 |
Blunt, Roy - U.S. Senator, [R] Missouri
AS TO DISCLOSE IT TO THE ELECTION YEAR, THAT'S RIGHT. >> I WOULD THINK THAT MEMBERS OF THE HOUSE AND SENATE WOULD LIKE THAT, THAT THEY COULD NOT HAVE...
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| 01:14:52 |
Keating, David - Executive Director
SENATOR. >> UNDER EXISTING LAW, HAVE PRIMARIES BEEN HELD WHERE SUPER PACS RAN ADS AND THEIR DONORS
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| 01:15:00 |
Udall, Tom - U.S. Senator, [D] New Mexico
WERE NOT DISCLOSED UNTIL AFTER THE PRIMARY? IF THAT IS SO I THINK THEIR IS A PROBLEM, AND HOW DOES THE BILL DEAL WITH IT? >> IT WAS A BIG PROBLEM IN...
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| 01:15:19 |
Wertheimer, Fred - Founder, President & CEO
THE FIRST DISCLOSURES OF THE SUPER PACS INTO THEIR FOUNDERS WERE. THAT WAS BECAUSE THE WAY THE LAW CURRENTLY FUNCTIONS IN AN OFF ELECTION YEAR A PATENT...
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| 01:19:43 |
Udall, Tom - U.S. Senator, [D] New Mexico
ARE INDIVIDUALS WHO WORKED VERY CLOSELY WITH THE CANDIDATE IN MANY CASES. MAY HAVE LEFT THE CAMPAIGN RECENTLY, LEFT THE OFFICIAL OFFICE RECENTLY OR THE...
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| 01:20:22 |
Wertheimer, Fred - Founder, President & CEO
CAN CORRUPT THE SON TO READ THE NATION. IT JUST STRIKES ME AS ANOTHER PROVISION WE HAVE BEEN A
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| 01:20:30 |
Udall, Tom - U.S. Senator, [D] New Mexico
LOT. THE HUSBAND CAN RUN BUT COULD NOT TAKE A CONTRIBUTION FROM HIS WIFE BECAUSE IS WIFE MIGHT CORRUPT HIM BY GIVING HIM A CONTRIBUTION THAT IS TOO...
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| 01:20:49 |
Keating, David - Executive Director
WE HAVE HEARD THE CALL FOR TEXAS AND SIMPLIFICATION. ONE OF THE THINGS WE NEED TO HAVE HIS ELECTION LOSS OF VACATION. I MEAN, FRED WERTHEIMER IS A...
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| 01:22:33 |
Wertheimer, Fred - Founder, President & CEO
A FEW DAYS LATER WENT TO WORK FOR THE ROMNEY SUPER PACS. IF YOU THINK THAT IS ILLEGAL, MAYBE YOU WOULD DO SOMETHING ABOUT IT. BUT THE WAY THIS HAS...
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| 01:24:46 |
Schumer, Charles E. - U.S. Senator, [D] New York
WE HAVE LIABLE LAWS. WE HAVE ANTI-PORNOGRAPHY LAW, AND WHEN THE NAME OF FREE SPEECH IN IS HANDFUL OF INDIVIDUALS CAN HAVE A HUGELY DISPORTIONED EFFECT...
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| 01:26:09 |
End, -
CONVERSATIONS] >>
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.