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Campaign Finance Reform
Key Provisions: Shays-Meehan

Highlights of the Shays-Meehan campaign finance bill under debate in the House:

SOFT MONEY:

•  National party committees canít use soft money. Contributions to state party committees are limited to $10,000 and must be for get-out-the-vote and registration efforts.


HARD MONEY:

•  Individual contributions are limited to $1,000 to House candidates, $2,000 to Senate and presidential candidates and $30,000 to parties. Amounts would be indexed for inflation.


MILLIONAIRE OPPONENTS:

•  Raises contribution limits for candidates when they face wealthy opponents.


BROADCAST ADVERTISING:

•  The ability of unions, corporations and nonprofits to fund broadcast "issue ads" would be restricted if the ads referred to a federal candidate and ran within 60 days of a general election or 30 days of a primary. They would have to be paid for with hard money through a political action committee.


COURT REVIEW:

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


© 2002 The Washington Post Company


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