B.S. Report–Read more on this important issue from the Corner blog at National Review Online.
Obama’s Shameless Demagoguery [Bradley A. Smith]
The full story is this:
(1) The Citizens United case dealt with a blanket ban on corporate expenditures. The Court struck down the ban, which is part of 2 USC 441b.
(2) A separate section of the law, 2 USC 441e, prohibits “foreign nationals” from making expenditures or contributions. “Foreign nationals” includes corporations that are not incorporated or headquartered in the United States. This is an extremely broad prohibition that applies to any U.S. election (including state and local elections) and to any activity “in connection with” an election. The Citizens United ruling doesn’t touch this prohibition and specifically notes that it makes no judgment about foreign corporations. (Read more.)
