A huge victory in Montana last week restored the state’s longstanding ban on corporate political spending on behalf of state political candidates and parties, overturning a lower court’s ruling and flying in the face of the U.S. Supreme Court’s Citizens United decision that grants corporations the same free speech rights as individuals.
The Supreme Court’s Citizens United v. Federal Elections Commission
(FEC) decision earlier this year gave corporations the same First
Amendment rights as citizens with regard to advocating for or against
political candidates, unleashing
a flood of new corporate cash into state races and a range of new
state policy initiatives that aim to protect the integrity of their
elections. In response, states are pursuing other reforms, such as
requiring shareholder approval for corporations spending election cash,
tighter public disclosure and attribution in ads, public financing of
elections, and calling for a federal constitutional amendment to reverse
the Citizens United decision.