50 CITIZENS UNITED v. FEDERAL ELECTION COMM’N Opinion of the Court U. S. 652, should be and now is overruled. We return to the principle established in Buckley and Bellotti that the Government may not suppress political speech on the basis of the speaker’s corporate identity. No sufficient governmental interest justifies limits on the political speech of nonprofit or for-profit corporations. D Austin is overruled, so it provides no basis for allowing the Government to limit corporate independent expendi tures. As the Government appears to concede, overruling Austin “effectively invalidate[s] not only BCRA Section 203, but also 2 U. S. C. 441b’s prohibition on the use of corporate treasury funds for express advocacy.” Brief for Appellee 33, n. 12. Section 441b’s restrictions on corporate independent expenditures are therefore invalid and can not be applied to Hillary. Given our conclusion we are further required to overrule the part of McConnell that upheld BCRA §203’s extension of §441b’s restrictions on corporate independent expendi tures. See 540 U. S., at 203–209. The McConnell Court relied on the antidistortion interest recognized in Austin to uphold a greater restriction on speech than the restric tion upheld in Austin, see 540 U. S., at 205, and we have found this interest unconvincing and insufficient. This part of McConnell is now overruled. IV A Citizens United next challenges BCRA’s disclaimer and disclosure provisions as applied to Hillary and the three advertisements for the movie. Under BCRA §311, tele vised electioneering communications funded by anyone other than a candidate must include a disclaimer that “ ‘_______ is responsible for the content of this advertis ing.’ ” 2 U. S. C. §441d(d)(2). The required statement

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