S.J.Res. 5 — Introduced in Senate

IIA 113th CONGRESS 1st Session S. J. RES. 5 IN THE SENATE OF THE UNITED STATES January 28, 2013 Mr. Baucus (for himself and Mr. Tester) introduced the following joint resolution; which was read twice and referred to the Committee on the Judiciary JOINT RESOLUTION Proposing an amendment to the Constitution of the United States relative to authorizing regulation of contributions to candidates for State public office and Federal office by corporations, entities organized and operated for profit, and labor organizations, and expenditures by such entities and labor organizations in support of, or opposition to such candidates. That the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission by the Congress:  — 1. Congress shall have the power to regulate the contribution of funds by corporations, entities organized and operated for profit, and labor organizations to a candidate for election to, or for nomination for election to, a Federal office, and the power to regulate the expenditure of funds by corporations, entities organized and operated for profit, and labor organizations made in support of, or opposition to, such candidates. 2. A State shall have the power to regulate the contribution of funds by corporations, entities organized and operated for profit, and labor organizations to a candidate for election to, or for nomination for election to, public office in the State, and the power to regulate the expenditure of funds by corporations, entities organized and operated for profit, and labor organizations made in support of, or opposition to, such candidates. 3. Nothing contained in this Amendment shall be construed to allow Congress or a State to make any law abridging the freedom of the press. .