President Obama will fight for new campaign finance rules [View All]

http://news.yahoo.com/s/ap/20100501/ap_on_bi_ge/us_obama_campaign_finance

President Barack Obama on Saturday pressed Congress for swift action on measures to restrict political advertising by corporations and labor unions, saying that "no less than the integrity of our democracy" is at stake.

Legislation introduced in Congress this week would require that corporations and unions identify themselves in political ads they pay for and that the chief executive or other top official state that "I approve this message."

The measures are in response to a 5-4 Supreme Court ruling in January that upheld the First Amendment rights of these groups to spend money on campaign ads, thus enhancing their ability to influence federal elections.

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The president said the proposals would give voters the important information they need to evaluate the claims in ads paid for by "shadowy campaign committees," corporations and special interests. He said he would fight to see them become law.



Weekly Address: Giving Government Back to the American People
http://www.whitehouse.gov/blog/2010/05/01/weekly-address-giving-government-back-american-people