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Obama Considers Campaign Finance Executive Order

President Barack Obama is considering new executive action against current campaign finance laws.

When elected, Obama promised campaign finance reform, but has largely disappointed his supporters with his lack of action on the issue.

“This action is long overdue and eagerly awaited,” said Lisa Gilbert, director of Congress Watch for the transparency organization Public Citizen. “One million citizens have called for this executive action, looking for the White House to lead on this issue.”

The Hill reports:

In his recent State of the Union address, Obama gave hope to these long-frustrated reformers when he declared, “I believe we have to reduce the influence of money in our politics, so that a handful of families and hidden interests can’t bankroll our elections. And if our existing approach to campaign finance reform can’t pass muster in the courts, we need to work together to find a real solution.”

Obama still has time to create that “legacy on money in politics, and we hope to see it very soon,” Gilbert said.

An executive order requiring current government contractors to disclose their political spending would affect about 70 percent of top companies. According to Public Citizen’s analysis, 70 of the Fortune 100 companies hold federal contracts totaling at least $100,000. They include Exxon Mobil, General Motors, Bank of America, Google and Verizon.

“President Obama can begin turning his powerful words … into action,” said Adam Smith, spokesman for campaign finance reform group Every Voice.

“The American people deserve to know the ways in which those who seek contracts with the government are trying to influence the political process.”

Photo credit: Common Dreams.

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