6 CITIZENS UNITED v. FEDERAL ELECTION COMM’N Syllabus are corrupt. And the appearance of influence or access will not cause the electorate to lose faith in this democracy. Caperton v. A. T. Massey Coal Co., 556 U. S. ___, distinguished. Pp. 40–45. (3) The Government’s asserted interest in protecting share holders from being compelled to fund corporate speech, like the anti distortion rationale, would allow the Government to ban political speech even of media corporations. The statute is underinclusive; it only protects a dissenting shareholder’s interests in certain media for 30 or 60 days before an election when such interests would be impli cated in any media at any time. It is also overinclusive because it covers all corporations, including those with one shareholder. P. 46. (4) Because §441b is not limited to corporations or associa tions created in foreign countries or funded predominately by foreign shareholders, it would be overbroad even if the Court were to recog nize a compelling governmental interest in limiting foreign influence over the Nation’s political process. Pp. 46–47. (d) The relevant factors in deciding whether to adhere to stare decisis, beyond workability—the precedent’s antiquity, the reliance interests at stake, and whether the decision was well reasoned— counsel in favor of abandoning Austin, which itself contravened the precedents of Buckley and Bellotti. As already explained, Austin was not well reasoned. It is also undermined by experience since its an nouncement. Political speech is so ingrained in this country’s culture that speakers find ways around campaign finance laws. Rapid changes in technology—and the creative dynamic inherent in the concept of free expression—counsel against upholding a law that re stricts political speech in certain media or by certain speakers. In addition, no serious reliance issues are at stake. Thus, due consid eration leads to the conclusion that Austin should be overruled. The Court returns to the principle established in Buckley and Bellotti that the Government may not suppress political speech based on the speaker’s corporate identity. No sufficient governmental interest jus tifies limits on the political speech of nonprofit or for-profit corpora tions. Pp. 47–50. 3. BCRA §§201 and 311 are valid as applied to the ads for Hillary and to the movie itself. Pp. 50–57. (a) Disclaimer and disclosure requirements may burden the abil ity to speak, but they “impose no ceiling on campaign-related activi ties,” Buckley, 424 U. S., at 64, or “ ‘ “prevent anyone from speak ing,” ’ ” McConnell, supra, at 201. The Buckley Court explained that disclosure can be justified by a governmental interest in providing “the electorate with information” about election-related spending sources. The McConnell Court applied this interest in rejecting facial challenges to §§201 and 311. 540 U. S., at 196. However, the Court

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