H.R. 6913, also known as the “Openness in Political Expenditures Now Act” or the “OPEN Act,” seeks to amend the Federal Election Campaign Act of 1971. The bill requires corporations to disclose to their shareholders the amounts they spend on certain political activities,...
Simple Explanation
The OPEN Act wants companies to tell their owners how much money they spend on politics and certain types of ads, and to make sure they follow rules to avoid spending too much, like setting limits for special organizations.