Senate Majority Leader Harry Reid (D-Nev.) has pledged to bring new campaign finance legislation to the Senate floor before July 4, Sen. Charles Schumer (D-N.Y.) said Thursday. Schumer said the new Disclose Act was designed to affect this fall’s midterm elections as much as possible. “Leader Reid has pledged this bill will be on the floor before July 4,” Schumer said Thursday, setting a timeline for the bill’s movement through the Senate. The legislation is a response to a Supreme Court decision earlier this year that lifted restrictions on corporate and union ads. The U.S. Chamber of Commerce had vowed to fight the legislation even before it was introduced.
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