Appeals court blocks Minnesota law on corporate political spending
Source: Reuters
Appeals court blocks Minnesota law on corporate political spending
Wed, 5 Sep 2012 18:46 GMT
Source: reuters // Reuters
* Court says the law puts burden on companies' free speech
* Decision extends Supreme Court 2010 ruling in Citizens United
* Courts divided over political disclosure requirements
By Terry Baynes
Sept 5 (Reuters) - A Minnesota law that requires companies to track and disclose the amount of money they spend on political campaigns likely violates the U.S. Constitution, a federal appeals court ruled on Wednesday.
In a 6-5 ruling, the 8th U.S. Circuit Court of Appeals in St. Louis temporarily blocked the law, saying it burdens companies' free speech, in violation of the U.S. Supreme Court's 2010 decision Citizens United v. Federal Election Commission. That case removed limits on what companies and unions can spend to support or oppose political candidates.
"After Citizens United, it is clear Minnesota may not suppress political speech on the basis of the speaker's corporate identity," Judge William Riley wrote for the majority.
The Minnesota law requires companies and other organizations to establish a political fund if they spend more than $100 a year on political speech. The fund must have a treasurer who segregates political funds, keeps detailed records and files reports with the state. Failure to comply can result in fines and imprisonment up to five years.
Read more: http://www.trust.org/trustlaw/news/appeals-court-blocks-minnesota-law-on-corporate-political-spending
sakabatou
(42,176 posts)Angry Dragon
(36,693 posts)I only see them making corporations accountable for their speech
EC
(12,287 posts)than it's not equal. The rich have more free speech rights than the poor, so it shouldn't be legal.
Panasonic
(2,921 posts)[font size="5"]FUCK CITIZENS UNITED[/font]
This is what people have to scream and get their legislation to pass laws supporting an repeal of this law.
bongbong
(5,436 posts)The same right-wing, anti-America and anti-Democracy kind of groups are behind this.
I wonder what the breakdown of the judge appointments is on the Appeals court. The article didn't say.