👨🏽⚖️ Seattle turns against Citizens United -- and Amazon -- with new election law
|Lawtrades||Jan 14, 2020|| 1|
Seattle’s city council voted Monday to approve an act that created a way to get around the infamous Citizens United precedent. And it’s all because of Amazon.
Citizens disbanded: In 2010, the Supreme Court ruled , essentially allowing corporations unfettered abilities to pour money into political campaigns through PACs.
The election of Amazon: Amazon, which employs more than 50,000 people at its Seattle HQ, donated $1.5m to a PAC that supported several pro-business candidates for local leadership positions in a 2019 November election. Only two of those candidates won.
Tracing foreign influence: Rather than directly challenge Citizens United, Seattle city council devised an end run. This new law bans companies that have one foreign investor owning 1 percent of the company or multiple foreign investors owning 5 percent of a company from making political donations. Amazon is reportedly 9 percent foreign-owned.
More and more tech companies have been getting involved in politics (see that whole antitrust thing above!). They spent millions in the run-up to the 2016 national election. A national law similar to Seattle’s is unlikely, but other local municipalities may take notice.