What is the McCain-Feingold-Cochran campaign reform bill about?”
Topic:- “McCain-Feingold-Cochran campaign reform bill” Description:- -The McCain-Feingold-Cochran campaign reform bill is similar to the bills that were debated in the 105th and 106th Congresses. – A strong bipartisan majority of both the House and the Senate favors this reform. It contains the following major components: -A Ban on Soft Money. The bill would prohibit all soft money contributions to the national political parties from corporations, labor unions, -and wealthy individuals. State parties that are permitted under state law to accept these unregulated contributions would be prohibited from spending them on activities relating to federal elections, -including advertising that supports or opposes a federal candidate. -In addition, federal candidates would be prohibited from raising soft money. These provisions would shut down the Washington soft money machine, -prohibiting the $100,000, $250,000 and even $500,000 contributions that for the last decade have flowed to the politi
Senators John McCain (R-AZ), Russ Feingold (D-WI), and Thad Cochran (R-MS) today introduced in the Senate the Bipartisan Campaign Reform Act of 2001, known as the McCain-Feingold-Cochran campaign reform bill. This measure bans soft money contributions, restricts corporate and union spending on campaign ads, and provides for greater disclosure and stronger election laws. “After one of the closest elections in our nation’s history, there’s one thing the American people are unanimous about –they want their government back,” said McCain. “We can do that by ridding politics of large, unregulated contributions that give special interests a seat at the table while average Americans are stuck in the back of the room. The Senate needs to act early on campaign finance reform so we can achieve meaningful reform and restore the public’s faith in their government.” “With enough votes to break the filibuster, I am confident and excited about the prospects for meaningful campaign reform early this s
The McCain-Feingold-Cochran campaign reform bill is similar to the bills that were debated in the 105th and 106th Congresses. A strong bipartisan majority of both the House and the Senate favors this reform. A Ban on Soft Money. The bill would prohibit all soft money contributions to the national political parties from corporations, labor unions, and wealthy individuals. State parties that are permitted under state law to accept these unregulated contributions would be prohibited from spending them on activities relating to federal elections, including advertising that supports or opposes a federal candidate. In addition, federal candidates would be prohibited from raising soft money. These provisions would shut down the Washington soft money machine, prohibiting the $100,000, $250,000 and even $500,000 contributions that for the last decade have flowed to the political parties.
