During a hearing of the Senate Rules Committee today, Senator John Kerry announced his intention to introduce a Constitutional Amendment to repair the damage done by the Supreme Court in Citizens United v. FEC.
We face two challenges: first, to mediate the impact of the Court’s decision and stop the bleeding through immediate countermeasures and, second, to think boldly about the best way to free our democracy from the dominance of big money.
Mr. Chairman, the reform ideas already circulating are promising – mandating shareholder approval of spending, prohibiting spending by domestic subsidiaries of foreign corporations and government contractors, giving candidates primetime access to the public airwaves at the lowest rates.
We must do those things quickly. But we may also need to think bigger. I think we need a constitutional amendment to make it clear once and for all that corporations do not have the same free speech rights as individuals.
The entire statement is worth a read.