2024 was another record-shattering year for campaign spending.
John,
2024 was another record-shattering year for campaign spending, with $16 billion spent on federal races. According to OpenSecrets, nearly $4.5 billion came from independent expenditure groups such as super PACs, and $1.1 billion came from dark money groups.
Citizens United created a massive loophole for foreign interests to acquire stakes in U.S. corporations and then use that leverage to influence or control the corporation’s political activity, including campaign contributions, contributions to super PACs, and independent expenditures. Companies like Amazon and Airbnb, which have significant foreign ownership, have circumvented direct bans on foreign influence enshrined in federal law and used their money to impact the outcome of elections and to advance political agendas in their favor.
Congressman Jamie Raskin and Senator Sheldon Whitehouse have reintroduced the “Get Foreign Money Out of U.S. Elections Act,” a bill to ban foreign-influenced corporations from contributing to candidates, parties, or committees (including super PACs) or from engaging in their direct election spending. Free Speech For People was instrumental in drafting and helping to pass this model legislation in Minnesota, San Jose, California, and Seattle, Washington, and we have worked closely with the offices of Congressman Raskin and Senator Whitehouse to reintroduce this federal bill.
Now more than ever, we must do all we can to restore faith and confidence in our democracy. By banning multinational corporations from pouring unlimited sums of money into our elections, we are upholding the letter of the law and getting us one step closer to a democracy that is truly by and for the people.
