Two U.S. senators are proposing a bipartisan plan aimed at creating greater transparency around the funding of political campaigns.
Sens. Lisa Murkowski of Alaska and Ron Wyden of Oregon are considering a plan that would require disclosure of those giving $500 or more to so-called super PACS. It also would raise from $200 to $500 the trigger for disclosure of those giving to candidate or political party committees.
In an opinion piece, Murkowski, a Republican, and Wyden, a Democrat, said the influx of unregulated cash stemming from a 2010 U.S. Supreme Court decision "spawned a particularly vitriolic political cycle" in 2012. They said the anonymity of much of the spending encourages ads that "lower the level of political discourse" and makes it harder for Americans to make informed decisions.