House Democrats passed a bill today called the "Disclose Act," designed to increase transparency for corporations and other interest groups who make contributions to political campaigns. The bill passed 219 to 206 with only two Republicans voting in favor of the measure. The name comes from a very Washingtonian acronym, "Democracy is Strengthened by Casting Light on Spending in Elections Act." However, not all organizations are subject to the new law, including the NRA and AARP.
The Disclose Act was passed in part because of the U.S. Supreme Court decision that ruled that limits on political spending by corporations were unconstitutional as a violation of freedom of speech. Under the Disclose Act, the heads of the corporations, companies, unions, or nonprofit organizations are required to appear in person in any advertisements that the organization sponsors and say that they personally endorse the message. As ABC News reports, it would also require them to reveal the names of the top five donors who helped foot the advertising bill.