BUCKLEY v. VALEO
Per Curiam
1
who seek federal office. It allows voters to place each
candidate in the political spectrum more precisely than
is often possible solely on the basis of party labels and
campaign speeches. The sources of a candidate's financial support also alert the voter to the interests to which a
candidate is most likely to be responsive and thus facilitate predictions of future performance in office.
Second, disclosure requirements deter actual corruption
and avoid the appearance of corruption by exposing large
contributions and expenditures to the light of publicity."8
This exposure may discourage those who would use
money for improper purposes either before or after the
election. A public armed with information about a candidate's most generous supporters is better able to detect
any post-election special favors that may be given in return." And, as we recognized in Burroughs v. United
States, 290 U. S., at 548, Congress could reasonably conclude that full disclosure during an election campaign
tends "to prevent the corrupt use of money to affect
elections." In enacting these requirements it may have
been mindful of Mr. Justice Brandeis' advice:
"Publicity is justly commended as a remedy for
social and industrial diseases. Sunlight is said to
be the best of disinfectants; electric light the most
efficient policeman." "'
Third, and not least significant, recordkeeping, report7
8 Ibid.; S. Rep. No. 93-689, p. 2 (1974).
79 We
have said elsewhere that "informed public opinion is the
most potent of all restraints upon misgovernment." Grosjean v.
American Press Co., 297 U. S. 233, 250 (1936). Cf. United States
v. Harriss, 347 U. S. 612, 625 (1954) (upholding disclosure requirements imposed on lobbyists by the Federal Regulation of Lobbying
Act, Title III of the Legislative Reorganization Act of 1946, 60 Stat.
839).
so L. Brandeis, Other People's Money 62 (National Home Library
Foundation ed. 1933).
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