Supreme Court’s nonprofit donor disclosure ruling may impact ‘dark money’
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July 8, 2021
This week in money-in-politics
Supreme Court’s nonprofit donor disclosure ruling may have ‘dark money’ consequences
The Supreme Court ruled that California’s nonprofit donor disclosure requirement is unconstitutional since it could chill the First Amendment rights of donors who might be deterred from contributing if their names became public. However, some argue the ruling may open the floodgates to even more “dark money” in politics after a record-breaking $1 billion from untraceable sources was spent during the 2020 election.
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** Eric Adams spent $10 million, Democratic primary win puts him in position for November win
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When Brooklyn Borough President and former police captain Eric Adams won the New York City Democratic mayoral primary this week, he became the likely next mayor for the city. And Adams spent big money — over $10 million — to win that race, based on June campaign finance reports.
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** CEOs of top lobbying spenders meet up at Sun Valley for annual retreat
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This week, CEOs from companies that have spent over $30 million total on lobbying in the first fiscal quarter of 2021 will convene at the Allen & Company Sun Valley Conference, a business conference where illustrious executives often cut high-profile deals.
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** FEC to consider use of campaign funds to pay candidate salaries, health care costs
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A coalition of campaign finance reform advocacy groups are teaming up to change how candidates pay their health care expenses and salaries while they’re on the campaign trail. The Campaign Legal Center, Common Cause and Issue One support the petition.
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Rudy Giuliani is being scrutinized for foreign lobbying. He may have been one of many in the Trump White House.
Foreign agents reported being paid more than $30.5 million to influence U.S. policy or public opinion on behalf of Turkish interests during the Trump administration. An inquiry the Justice Department has reportedly launched an inquiry into Rudy Giuliani may reveal even more undisclosed lobbying.
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New report: Money Matters in the Fifty States
A new report from the Center for American Women and Politics in collaboration with OpenSecrets analyzes gender and campaign finance in statewide elections, examining both candidates and donors. Their findings illuminate persistent challenges in political fundraising and could change the way we think about supporting women in politics.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
** Democrat Cheri Beasley raises nearly $1.3M for NC Senate race ([link removed])
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** (Roll Call) ([link removed])
Cheri Beasley, a former chief justice of the North Carolina Supreme Court, raised nearly $1.3 million from April through June for her Senate campaign, in the latest sign that the Democratic primary is shaping up to be an expensive race. fall, North Carolina GOP Sen. Thom Tillis won a third term by 2 points after raising almost $27 million to Democratic challenger Cal Cunningham’s nearly $53 million. Outside groups spent another $222 million, according to OpenSecrets.
** Goldman Sachs Keeps Its Wallet Closed to Politicians, Parties ([link removed])
** (Bloomberg) ([link removed])
The financial industry is consistently one of the biggest sources of campaign cash, pouring in $787 million in the 2020 election cycle according to the OpenSecrets. Goldman Sachs and its employees donated $5.5 million of that amount, with about a fifth of that coming from the PAC.
** Vowing loyalty to Trump, 'America First' groups try to bring nativism into the mainstream ([link removed])
** ([link removed] Dems Launch PAC to Fight Progressive Primary Challengers (Sludge))
** (USA Today) ([link removed])
Rep. Marjorie Taylor Greene (R-Ga.) was a member of Congress for 15 days when members removed her from her committees for comments pushing conspiracy theories and threatening political opponents. The Georgia congresswoman came barreling back in a campaign fundraising report she filed in mid-April, where she disclosed raising $3.2 million in the first three months of 2021 – the highest fundraising total for a freshman lawmaker, according to OpenSecrets.
** The Atlantic ([link removed])
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** Forensic News ([link removed])
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