Cite as: 609 U. S. ____ (2026) 3 Syllabus circumvention—in particular, earmarking and disclosure laws. With respect to earmarking laws: FECA treats an individual’s contributions to a party that are “in any way earmarked or otherwise directed through an intermediary or conduit” to a federal candidate “as contributions from such person to such candidate”—and thus subject to the limits on contributions to candidates. 52 U. S. C. §30116(a)(8). In McCutcheon, the Court explained that such earmarking rules constitute a targeted and constitutionally permissible way for the Government to prohibit circumvention of the base limits on contributions to candidates. 572 U. S., at 222–223. As JUSTICE THOMAS has explained: “Vigilant enforcement” of the earmarking rules is a more “precise response” by the Government to any “circumvention concerns.” Colorado II, 533 U. S., at 481 (dissenting opinion). With respect to disclosure laws: FECA requires that political parties and candidates publicly disclose both the contributions they receive and their spending on campaign activities, including on coordinated expenditures. §30104(b). As the Court emphasized in McCutcheon, disclosure has become a much stronger anti-circumvention tool over time because of “modern technology,” especially the Internet. 572 U. S., at 224. Importantly, it is the combination of the base contribution limits plus the earmarking rules plus the disclosure requirements together that serve the Government’s anti-circumvention interests here—without unduly restricting core political party speech. Given the meaningful prophylactic measures available to combat quid pro quo corruption or its appearance, the Court concludes that the political-party coordinated-expenditure limits at issue here are “disproportionate” and are not “necessary” and “narrowly tailored” for the circumvention interest. Id., at 199, 218, 220 (quotation marks omitted); Cruz, 596 U. S., at 306. Pp. 10–21. (c) Amicus and intervenors contend that the Court should adhere to Colorado II as a matter of stare decisis, but Colorado II ’s reasoning has been rejected by the Court’s more recent precedents and is no longer good law. To the extent that Colorado II has retained any vitality, it is now overruled. Pp. 21–26. 117 F. 4th 389, reversed and remanded. KAVANAUGH, J., delivered the opinion of the Court, in which ROBERTS, C. J., and THOMAS, ALITO, GORSUCH, and BARRETT, JJ., joined. KAGAN, J., filed a dissenting opinion, in which SOTOMAYOR and JACKSON, JJ., joined.

Select target paragraph3