What: All Issues : Making Government Work for Everyone, Not Just the Rich or Powerful : Campaign Finance Reform : HR 2356. Campaign Finance Reform/Final Passage of Bill to Close "Soft" Money Loophole and Reduce the Role of Money in the Political System. (2002 senate Roll Call 54)
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HR 2356. Campaign Finance Reform/Final Passage of Bill to Close "Soft" Money Loophole and Reduce the Role of Money in the Political System.
senate Roll Call 54     Mar 20, 2002
Progressive Position:
Yea
Progressive Result:
Win

Existing regulations on campaign donations allowed unlimited donations to parties for party-building activities such as get-out-the-vote drives. This so-called "soft" money had become a loophole in the eyes of many because the restrictions on its use were weak so it effectively became a means to force enormous sums of money into the political system. Progressives felt soft money had become an easy way for corporations and wealthy individuals to drive the policy debate. The campaign finance reform bill banned soft money donations to national parties entirely, and limited such donations to state and local parties to $10,000 per donor per election cycle. To compensate, the bill doubled the limits on "hard" money--money given directly to candidates for campaign purposes--from $1000 to $2000 per donor per election cycle.

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