Senate Republicans blocked a Democratic campaign finance bill Tuesday
Category Finance | Thursday, July 29th, 2010The proposed law would have required that chief executives appear at the end of political ads, claiming responsibility for the material. The law also would have banned foreign corporations or governments, large government contractors, and federal bailout recipients from spending money in US elections.“It is incredible that we now have to struggle to find a supermajority – 60 senators – even just to debate a bill whose principles both parties once supported and that 9 in 10 Americans want us to pass,” said Senate majority leader Harry Reid during Tuesday afternoon’s floor debate.