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Background: Federal law bans corporations from being conduits for contributions to candidates, unless the corp’s business is just (2/8)
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So the @FEC did something yesterday that was really bad, even by FEC standards. (1/8)
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sending $ as directed by customers. The example FEC has always used is UPS: They're ok b/c they'll deliver $ wherever a sender says. (3/8)
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For 10 yrs, sketchy corps have asked for FEC permission to transfer $ from donors to only certain candidates – the ones the corps like.(4/8)
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And for 10 yrs at least 3 of 6 FEC Commissnrs have said no, you're an illegal conduit if you play favorites with who you transfer $ to.(5/8)
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Until yesterday. Yesterday, at the request of an ultra-powerful law firm, a new scheme was approved by the bare minimum 4 Commissnrs. (6/8)
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The new rule: A corporation IS allowed to solicit and transfer $ to candidates, even if the corp does so only for candidates it favors.(7/8)
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Poof, goodbye ban on corporate conduits. Courtesy of the agency whose legal mission is to limit federal corruption. (8/8)
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End of conversation
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New twist to this awful
@FEC opinion: They rushed so hard to approve it that they broke their own open-meeting rule:http://www.campaignlegalcenter.org/document/letter-fec-advisory-opinion …Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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as if we don't have enough problems with big corporate money in politics.
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