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The Koch network has mobilized in South Dakota to defeat the “South Dakota Accountability and Anti-Corruption Act,” a state-wide initiative on the ballot November 8.
The anti-corruption measure, Initiated Measure 22 or IM-22, was launched by a bipartisan group called the South Dakotans for Integrity and put on the ballot with signatures from over 20,000 state residents.
IM-22 cracks down on dark money and phony industry front groups by barring candidate coordination with outside groups and regulating independent expenditures. It cracks down on sham “issue ads,” which are really the functional equivalent of express advocacy, by requiring them to be reported electronically within 48 hours, requiring donor disclosure and requiring the top five donors to be disclosed on air. The initiative also provides a small dollar public financing mechanism, sets rules for lobbyists and gifts and creates an ethics commission to investigate violations of ethics and campaign finance rules.
The Kochs are battling the measure because “the Kochs see IM-22 as a threat to the dominance the millionaires and billionaires have under the [current] political system,” says former Republican State Senator and co-chair of South Dakotans for Integrity Don Frankenfeld. The Kochs have been battling weaker donor disclosure laws in California in court for years.
originally posted by: seasonal
So what it boils down to is the Koch Bro's want to give huge mounts of money to get their way and keep it super duper secret. Crony Capitalism at it's best.
I hope the good people of South Dakota win this one, but I'm not optimistic.