Probably won't pass but its a good way to put republicans and some blue dog Democrats on the defensive.
http://www.rawstory.com/...
Democratic Sens. Tom Udall of New Mexico and Michael Bennet of Colorado introduced a constitutional amendment on Tuesday that would overturn the U.S. Supreme Court’s controversial 2010 decision in Citizens United v. Federal Election Commission
The decision gave corporations and unions the ability to spend unlimited amounts of money to influence elections, so long as their actions are not coordinated with a candidate’s campaign.
“As we head into another election year, we are about to see unprecedented amounts of money spent on efforts to influence the outcome of our elections,” Udall said. “With the Supreme Court striking down the sensible regulations Congress has passed, the only way to address the root cause of this problem is to give Congress clear authority to regulate the campaign finance system.”
The proposed amendment would grant Congress and the states the authority to regulate the campaign finance system, but would not dictate any specific policies or regulations.
A Constitutional Amendment to Reform Campaign Finance
http://www.huffingtonpost.com/...
The amendment, introduced by Sen. Tom Udall (D-N.M.), doesn't directly address the justices' legal finding that corporations have a right to free speech that was curtailed by election law. Instead, it would add to the Constitution language that says Congress and the states can regulate campaign contributions and expenditures.
The amendment would effectively reverse two landmark Supreme Court decisions -- the 1976 ruling in Buckley v. Valeo, which said spending money in elections is a form of speech, and the 2010 ruling in Citizens United v. Federal Election Commission, which ruled it unconstitutional to regulate the money spent to influence elections by corporations and unions.