Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that would implement reforms in the ways that politicians can raise money and regulate how unions, state political parties, and national political parties can distribute money to individual politicians.

Highlights:

• Bans soft money contributions to national political parties and limits how state parties can spend soft money contributions.

• Doubles the limit on individual contributions to federal candidates to $2,000.

• Doubles the limit on individual contributions to state party committees to use in federal elections.

• Raises the limit on individual contributions to national party committees to $25,000 annually.

• Raises the aggregate individual limit on contributions to federal candidates, political action committees (PACs), and parties to $37,500 annually.

• Prohibits the use of corporate and labor union funds for broadcast ads that mention a federal candidate's name within 60 days of a general election and within 30 days of a primary election.

• Raises contribution limits for individuals running against self-financed candidates in some cases.

• Requires broadcasters to charge candidates and parties at their lowest advertising rates.

• Prohibits contributions in federal, state or local elections by foreigners.

Full Bill Text

Full Bill Text