Campaign Finance Reform Deferred

A year ago, President Barack Obama was considering an executive order to require corporations with government contracts to disclose political spending. Campaign finance reformers were all aglow, because it looked like a defacto Disclose Act, which would require disclosure of political spending of over $1,000.

In February 2012, when Obama’s re-election campaign announced that it would suppoort Priorities USA and other Democratic Super PACs, it pledged to work on campaign finance in the meantime. Obama supports House and Senate versions of the Disclose Act, which have no chance of passing.

Obama could, instead, try to force nominees onto the Federal Election Commission or call for the Securities Exchange Commission to issue rules requiring political spending disclosure. He is not likely to do either.

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