And why isn't this bigger news?...
By Brad Friedman on 5/17/2012, 5:07pm PT  

The mainstream corporate media spend a lot of time telling you about crap that doesn't matter. Then there's the stuff that does matter which you hardly hear about at all.

This is one of those stories. Hugely important, yet, almost inexplicably, barely reported on.

Happily HuffPo's Dan Froomkin --- who Tweeted it out this week by noting: "Hey! Did you just feel the campaign finance firmament move? I think Karl Rove did." --- has at least been staying on top of it...

WASHINGTON --- One of the most consequential campaign finance loopholes affecting the 2012 race --- the one allowing big-money donors to secretly funnel millions into campaign ads --- is now closed, after an appellate court ruling on Monday.

In April, a district court judge struck down a Federal Election Commission regulation that allowed donors to certain nonprofit groups --- including those created by Karl Rove and the Koch brothers --- to evade normal disclosure requirements.

And on Monday, a three-judge panel of the U.S. Court of Appeals for the D.C. Circuit turned down a request to stay that ruling on a 2 to 1 vote.

"This case represents the first major breakthrough in the effort to restore for the public the disclosure of contributors who are secretly providing massive amounts to influence federal elections," said Democracy 21 President Fred Wertheimer, one of the lawyers who filed the original lawsuit that led to the April decision, in a statement.

The office of House Administration Committee ranking Democrat Robert A. Brady issued a statement Tuesday saying, "As of today, any entity creating electioneering communications will have to disclose the identity of their top donors."

See the rest of Froomkin's piece for more very instructive info on this.

Now the Rovians have a remarkable ability to slither through newly found loopholes to ensure they are able to continue not doing the right thing when it comes to gaming our embarrassingly obscene campaign finance system. Moreover, election law professor Rick Hasen expects the "stay request to now end up before the Supreme Court, where the outcome may be different."

Nonetheless, this is a very positive development for those who believe in transparency, particularly in the dark infamy of our post-Citizens United world, and I'm amazed, on one hand, that this story isn't being discussed more by the media. On the other hand, given that the corporate media are actually the top beneficiaries of the Citizens United ruling, perhaps I shouldn't be so amazed.

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