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LA Controller Joins Push To Cap Campaign Spending

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(Credit: Frazer Harrison/Getty Images)

(Credit: Frazer Harrison/Getty Images)

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LOS ANGELES (CBS/AP) — City controller Wendy Greuel will join elected officials from five states in a coalition aimed at fighting unlimited campaign spending by corporations and independent groups.

The group is known as CAPS, or Coalition for Accountability in Political Spending, was formed in response to the so-called Citizens United ruling by the Supreme Court. The ruling allows direct corporate funding of televised political ads.

New York City Public Advocate Bill DeBlasio said Monday that CAPS will urge corporations to voluntarily agree not to spend money on political campaigns. It also will press corporations and other groups to disclose all their donors.

Illinois Gov. Pat Quinn is a founding member. In addition to Greuel, CAPS also includes the state treasurers of Pennsylvania and North Carolina, and the New York state comptroller.

(TM and © Copyright 2010 CBS Local Media, a division of CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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