Campaign finance reform gains momentum

[JURIST] Senator John McCain [official Senate website] announced Wednesday that he was launching a new initiative to tighten campaign finance laws [press release] to curb big interest-group donations to congressional and presidential campaigns. McCain appears to have gained an ally in Senator Trent Lott [official Senate website], chairman of the Senate Rules Committee. Lott voted against campaign finance reform in 2002, but changed his opinion after the recent Presidential election. McCain's latest proposal would limit tax-exempt partisan organizations, also known as 527s [Center for Public Integrity FAQ], by requiring registration with the Federal Election Commission [official website] if they raise more than $25,000 a year. The proposal [PDF] known as the 527 Reform Act, must be approved by Lott's committee before it goes to the Senate floor for a vote. AP has more.

 

About Paper Chase

Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

© Copyright JURIST Legal News and Research Services, Inc., 2013.