Senate To Vote On Disclose Act Tomorrow

Despite losing key battles yesterday on repealing ‘Don’t Ask Don’t Tell,’ and the DREAM Act, the Senate will attempt one more major vote on Thursday.

That’s the day Majority Leader Harry Reid (D-Nev.) has decided to bring the DISCLOSE Act to the floor. The bill, which the House passed in June, would require organizations involved in political campaigning to disclose the identity of their large donors and to reveal their identities in political ads they fund. It would also prohibit foreign corporations, government contractors and TARP recipients from making political donations.

The legislation was crafted in response to a Supreme Court decision in January that allowed corporations and unions to pay for political ads made independently of candidate campaigns.

Sen. Chuck Schumer (D-N.Y.), a staunch proponent of the bill, told reporters on Wednesday that unless the Disclose Act is passed, “the winner of every upcoming election this November won’t be Democrats or Republicans; It will be special interests.”

“Passing [the bill] would be a huge win for restoring transparency to our elections,” he added.

Addressing concerns that Democrats are attempting to rush the bill through to help preserve their majority in Congress, Schumer said the legislation would not go into effect until January, two months after the midterms take place. Earlier today, a story that appeared on Politico noted that Democrats are being outspent badly by groups supporting Republican candidates.

Interestingly, Reid decided to schedule the vote on Thursday instead of today partly because a number of Senate Democrats were expected to attend a big-ticket fundraiser this evening in Manhattan, at which the president would be speaking.

Disclose will probably be the last big vote taken in the Senate before members return home in two weeks to campaign for reelection. When asked whether the upper chamber would hold a vote on whether to extend the 2001 and 2003 tax cuts, Schumer replied, “It’s being discussed within our caucus now.” House Majority Leader Steny Hoyer (D-Md.) told reporters yesterday that his chamber would wait for the Senate to act on the tax cuts.