H.J. Res. 78 (112th Congress)
Introduced by Rep. D. Edwards (D-MD)
Legal Personhood: n/a
Money as Speech: C
Nothing in this Constitution shall prohibit Congress and the States from imposing content-neutral regulations and restrictions on the expenditure of funds for political activity by any corporation, limited liability company, or other corporate entity, including but not limited to contributions in support of, or in opposition to, a candidate for public office.
Nothing contained in this Article shall be construed to abridge the freedom of the press.
Rep. Edwards’ proposal is narrowly focused on campaign finance reform. The good part is that Congressional regulatory power is not limited to expenditures by and for candidates for public office. The bad part is the use of the phrase “political activity,” which is not defined and could be construed to exclude issue advocacy. The omission of unions makes this language too partisan to win broad support.