So, the Senate passed the Campaign Finance Reform Bill... - U2 Feedback

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Old 03-21-2002, 09:26 PM   #1
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So, the Senate passed the Campaign Finance Reform Bill...

Here's the outline:

_Bans "soft money," unlimited contributions that unions, corporations and individuals donate to national political parties to use for purposes other than expressly advocating a candidate's election or defeat. State and local parties could use up to $10,000 in soft money for certain political activities.

_The limit for "hard money," individual contributions for candidates per election, was set at $1,000 in 1974 but would climb to $2,000 for both House and Senate candidates. Currently an individual can contribute up to $50,000 over a two-year election cycle to parties and candidates. The measure would allow $95,000 over two years to candidates and parties.

_Unions, corporations and some independent groups would be banned from broadcasting certain types of political advertising within 60 days of an election or 30 days of a primary. These commercials are generally known as "issue ads," because they refrain from advocating election or defeat of specific candidates yet refer directly to them and can attack or defend them.

_Prohibits foreigners from making contributions to federal, state or local elections.

_Bans solicitation of campaign contributions on federal property, including the White House and the Capitol complex.

_Tells the Supreme Court it should judge each provision individually, and not view any legislation on an all-or-nothing basis.

_Requires television and radio stations to make public information relating to all broadcast political advertising, including ads paid for by independent organizations. Requires more frequent disclosure for various party fund-raising committees and orders the Federal Election Commission (news - web sites) to put information on the Internet within 24 hours of receipt.

_Allows a candidate running against a wealthy opponent who spends more than a threshold amount of his or her own money to raise hard money contributions at triple the usual amount and receive more party donations.

I think this is a great step in de-croupting American politics. It's just the beginning, but it's something. What do you think?

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Old 03-22-2002, 08:11 AM   #2
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Originally posted by madonna's child:

I think this is a great step in de-croupting American politics. It's just the beginning, but it's something. What do you think?

Hahahaha.. Truly you must be joking... 'De-Corrupting?' politics?.. Taking the Money out of Politics?.. Hahahahah.. What a load of shit. This bill will do no such thing.

Hopefully Bush will veto it, if not, then the Supreme Court will declare it the unconstitutional piece of trash it is.

I refer you to Bubba's Post A Page or so In the Archives.


[This message has been edited by Lemonite (edited 03-22-2002).]

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Old 03-22-2002, 06:51 PM   #3
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I do have my issues with this bill myself really. Too many loopholes. Sen. McCain's comment? "There are many loopholes, but we hope that people don't discover them too quickly." Nice.

As for the constitutionality bit, let the court system decide it, which is more constitutional than you'd like to think.


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