Instant Disclosure News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There, instant disclosure, would you be for a version of reform that said, let's get rid of super pacs but anybody can write as big as check as they want for you? >> no. because if you're a middle class person in my district or any district in america and you're trying to figure out how to strengthen your paycheck and send our kids to college, allowing people who have the means to contribute more to congress, that's not good for democracy. if you're the koch brothers and you have a super pac, congress is working out just fine for you. >> my question is this. when all you guys announce your ret...

2012 that's sole purpose is to raise money to try to hold the senate. now, what schumer's doing frankly by calling these hearings, he's guaranteeing that group's not able to raise any money. that clearly is what the hearings are intended to do, which is to spook donors. you know, the fear of being dragged before congress. but why there isn't just a full-fledged conversation, somebody ought to reintroduce mitch mcconnell's alternative bill to mccain/feingold back in '98 where mcconnell was for instant disclosure raising the limits. somebody ought to do that. it's at this point -- if the supreme...

Disarm, but we will make a major issue in the next six months of reform. i am chairman of the rules committee. that puts me in the position to be involved in this. and we're going to have hearings on the super pacs, we're going to ask the leaders of the super pacs and the contributors to come before us and ask us why they don't want to be for disclosure and reveal what they're doing and you will see this will become a major issue in the campaigns and in the 2012 election. and the american people, democrats, independents, and republicans are overwhelmingly on our side. >> all right. senator chu...

>> you're the one getting distracted. >> i'm saying we have to deal with the lack of transparency. >> in some municipalities, if you give to a campaign, there's instant disclosure. >> that's fine. >> let's get that on the federal level. >> 2012 transparent si, are these people drunk? >> they are probably drunk indeed. i have to say the whole thing that's going on with the boston senate race, you have scott brown and elizabeth warren. they have signed this pledge to say they don't want money in the race. but if negative ads aired, they would have to give money to a charity of their rival's choi...

Decision that allows this. look, there should be an instant disclosure. even if you don't think -- even if you think unlimited contributions, there should be instant disclosure who is giving the money for these things and there isn't. >> you don't have to disclose until the end of january. >> right. >> basically after the process is completely over. >> somebody could write a $20 million check to run negative ads on somebody. what's crazy is that no one is running ads against mitt romney even though as harold suggested he may be on the door step in three weeks of being a republican nominee. >> ...