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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:

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National party committees can’t 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:

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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:

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Raises contribution limits for candidates when
they face wealthy opponents. |
BROADCAST ADVERTISING:

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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:

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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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