DISCLOSE Act

The Democracy Is Strengthened by Casting Light On Spending in Elections Act, commonly known as the DISCLOSE Act and also known as H.R. 5175 (S.3628-Senate), was a bill introduced in the U.S. House of Representatives by Chris Van Hollen (D-Maryland) on April 29, 2010 and in the U.S. Senate by Charles Schumer (D-New York) on July 21, 2010.

To amend the Federal Election Campaign Act of 1971 to prohibit foreign influence in Federal elections, to prohibit government contractors from making expenditures with respect to such elections, and to establish additional disclosure requirements with respect to spending in such elections, and for other purposes.

After a cloture vote failed 59–39 on September 23, 2010, the bill was essentially defeated.

On March 29, 2012, Senator Sheldon Whitehouse (D-Rhode Island) introduced the "Democracy is Strengthened by Casting Light On Spending in Elections Act of 2012" (S.3369). It was referred to the Senate Committee on Rules and Administration. This bill has been called the "DISCLOSE Act 2.0" by Democratic sponsors.

In response to the Supreme Court's decision in Citizens United v. Federal Election Commission, members of both chambers of Congress introduced the Democracy is Strengthened by Casting Light on Spending in Elections Act of 2010 (DISCLOSE Act).

The bill, as introduced, included banning U.S. corporations with 20 percent or more foreign ownership from influencing election outcomes through the use of campaign contributions; preventing Troubled Asset Relief Program (TARP) recipients from making political contributions; giving shareholders, organization members, and the general public access to information regarding corporate and interest group campaign expenditures; and requiring disclosure of membership information by organizations with more than 500,000 members that made political ads.

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