End Secret Money
The aim of the American Anti-Corruption Act is to do all three of the above in a completely bipartisan manner. The Committee that drafted this Act comes from every part of the political spectrum, from the Tea Party to the Occupy Movement, Democratic and Republican strategists and known political gadflies like Buddy Roemer.
The act is available to read and sign up as a citizen co-sponsor here
- STOP POLITICIANS FROM TAKING BRIBES Prohibit members of Congress from soliciting and receiving contributions from any industry or entity they regulate, including those industries’ lobbyists. Prohibit all fundraising during Congressional working hours.
- LIMIT SUPER PAC CONTRIBUTIONS AND “COORDINATION” Require SuperPACs to abide by the same contribution limits as other political committees. Toughen rules regarding SuperPACs’ and other groups’ coordination with political campaigns and political parties.
- PREVENT JOB OFFERS AS BRIBES Close the “revolving door” where elected representatives and senior staff sell off their legislative power for high-paying jobs. Stop them from negotiating jobs while in office and, once they leave, bar them from all lobbying activity for 5 years.
- CALL ALL PEOPLE WHO LOBBY, LOBBYISTS
Significantly expand the definition of and register all lobbyists to prevent influencers from skirting the rules.
- LIMIT LOBBYIST DONATIONS
Limit the amount that lobbyists and their clients can contribute to federal candidates, political parties, and political committees to $500 per year and limit lobbyist fundraising for political campaigns. Federal contractors are already banned from contributing to campaigns: extend that ban to lobbyists, high-level executives, government relations employees, and PACs of federal government contractors.
- END SECRET MONEY Mandate full transparency of all political money. Require any organization that spends $10,000 or more on advertisements to elect or defeat federal candidates to file a disclosure report online with the Federal Election Commission within 24 hours. List each of the donors who gave $10,000 or more to the organization to run such ads. This includes all PACs, 501c nonprofits, or other groups that engage in electioneering.
- EMPOWER ALL VOTERS WITH A TAX REBATE Build up the influence of voters by creating a biennial $100 Tax Rebate that they can use to make qualified contributions to federal candidates, political parties, and political committees. Flood elections with small-donor contributions that will offset the huge spenders. Candidates and political groups will only be eligible for these funds if they agree to a set of contribution limits: they will only accept money from small donors (giving $500 or less a year), other groups abiding by the limits, and the Tax Rebates themselves.
- DISCLOSE “BUNDLING”
Require federal candidates to disclose the names of individuals who “bundle” contributions for the member of Congress or candidate, regardless of whether such individuals are registered lobbyists.
- ENFORCE THE RULES Strengthen the Federal Election Commission’s independence and strengthen the House and Senate ethics enforcement processes. Provide federal prosecutors the additional tools necessary to combat corruption, and prohibit lobbyists who fail to properly register and disclose their activities from engaging in federal lobbying activities for a period of two years.
This Act could really turn around the Political Process.