I think “barely true” is barely accurate given that the majority opinion clearly wrote that it was not removing the foreign corporation restriction because it was beyond the scope of the opinion in Citizens United vs. Federal Election Commission .

Since the federal law banning foreign entities from contributing remains on the books undisturbed by the ruling, the President’s claims are overblown.

Moreover, he’s calling for Congress to overrule the Court’s decision in toto in “…urging Democrats and Republicans to pass a bill that helps to right this wrong.”,That’s a call to do more than merely clarify the foreign corporation ban.