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Bernie Sanders unveils plan to get corporate money out of politics

Holding up the small-donor campaign model his campaign has revolutionized as proof alternatives exist, Sen. Bernie Sanders on Monday unveiled an ambitious new plan to get "corporate money out of politics."

The Sanders plan aims to end the corrupting influence of dark money by dramatically curbing the ability of corporations to dominate giving to political parties, replacing the Federal Election Commission with a new enforcement agency, establishing public funding for all federal elections, and pushing for a Constitutional Amendment that makes clear that "money is not speech and corporations are not people." 

The Sanders campaign said in a statement that the new slate of proposals—which can be read in full here—are designed to end "the greed-fueled, corrupt corporate influence over elections, national party convention, and presidential inaugurations" that currently exists and deliver to the public an election system the puts the America people at the center.

"Our grassroots-funded campaign is proving every single day that you don't need billionaires and private fundraisers to run for president," Sanders said. "We've received more contributions from more individual contributors than any campaign in the history of American politics because we understand the basic reality that you can't take on a corrupt system if you take its money."

The plan would specifically target corporate giving by banning companies from donating to the Democratic National Convention and related committees, a change that would dramatically upend how the DNC has traditionally operated the quadrennial party gathering.

The proposal would also abolish corporate giving to presidential inaugurations and cap individual donations to $500.

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