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BURLINGTON, VT – U.S. Sen. Bernie Sanders (I-Vt.) today welcomed President Barack Obama’s statement in support of a constitutional amendment to undo the 2010 Supreme Court ruling in Citizens United that paved the way for a flood of campaign cash from corporations and wealthy special interests.

“I applaud President Obama for expressing support for a serious effort to restore the democratic foundations of our country that are under severe attack as a result of the disastrous Supreme Court ruling in Citizens United,” said the senator.

Sanders is the chief sponsor of the Saving American Democracy Amendment. A companion measure in the House is sponsored by Rep. Ted Deutch (D-Fla.).

The president’s indication that he may support a constitutional amendment came during a conversation Wednesday on the website Reddit. Obama decried the “no-holds barred flow of seven and eight figure checks, most undisclosed, into super PACs. Over the longer term,” Obama added, “I think we need to seriously consider mobilizing a constitutional amendment process to overturn Citizens United (assuming the Supreme Court doesn’t revisit it). Even if the amendment process falls short, it can shine a spotlight of the super-PAC phenomenon and help apply pressure for change.”

At a Senate Judiciary Committee hearing on Citizens United on July 24, Sanders revealed that at least 23 billionaire families have contributed a minimum of $250,000 each so far in this year’s campaigns. That includes oil industry titans David and Charles Koch, who are worth $50 billion and have indicated they will spend $400 million this election year, and Las Vegas casino tycoon Sheldon Adelson, who reportedly plans to put $100 million behind candidates and causes he favors.