Cite as: 558 U. S. ____ (2010) 25 Opinion of STEVENS, J. this issue, it is important to keep in mind that we have no record to show how substantial the burden really is, just the majority’s own unsupported factfinding, see ante, at 21–22. Like all other natural persons, every shareholder of every corporation remains entirely free under Austin and McConnell to do however much electioneering she pleases outside of the corporate form. The owners of a “mom & pop” store can simply place ads in their own names, rather than the store’s. If ideologically aligned individuals wish to make unlimited expenditures through the corporate form, they may utilize an MCFL organiza­ tion that has policies in place to avoid becoming a conduit for business or union interests. See MCFL, 479 U. S., at 263–264. The laws upheld in Austin and McConnell leave open many additional avenues for corporations’ political speech. Consider the statutory provision we are ostensibly evalu­ ating in this case, BCRA §203. It has no application to genuine issue advertising—a category of corporate speech Congress found to be far more substantial than election­ related advertising, see McConnell, 540 U. S., at 207—or to Internet, telephone, and print advocacy.31 Like numer­ —————— 31 Roaming far afield from the case at hand, the majority worries that the Government will use §203 to ban books, pamphlets, and blogs. Ante, at 20, 33, 49. Yet by its plain terms, §203 does not apply to printed material. See 2 U. S. C. §434(f)(3)(A)(i); see also 11 CFR §100.29(c)(1) (“[E]lectioneering communication does not include com­ munications appearing in print media”). And in light of the ordinary understanding of the terms “broadcast, cable, [and] satellite,” §434(f)(3)(A)(i), coupled with Congress’ clear aim of targeting “a virtual torrent of televised election-related ads,” McConnell, 540 U. S., at 207, we highly doubt that §203 could be interpreted to apply to a Web site or book that happens to be transmitted at some stage over airwaves or cable lines, or that the FEC would ever try to do so. See 11 CFR §100.26 (exempting most Internet communications from regulation as advertising); §100.155 (exempting uncompensated Internet activity from regulation as an expenditure); Supp. Brief for Center for Inde­ pendent Media et al. as Amici Curiae 14 (explaining that “the FEC has

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