See How Your Politicians Voted
Title: Campaign Finance Reform bill
Vote Smart's Synopsis:
Vote to invoke cloture on a bill that changes campaign finance laws, provides reduced broadcast and postage rates for candidates that abide by voluntary spending limits, and bans political action committee (PAC) contributions.
More Info About this Vote
- Creates voluntary spending limits which, if met, allows the candidate to receive free and reduced broadcast cable time and reduced postage prices.
- Bans political action committees (PACs) from contributing to a Federal campaign, and restricts contributions from PACs if the ban is not in place.
- Prohibits a national committee of a political party from soliciting or receiving soft money contributions for federal elections.
- Requires all forms of political advertising to include the following statement: "XXXXX is responsible for the content of this advertisement," with the blank to be filled in by the person or committee paying for the advertisement.
- Prohibits a member of Congress from sending out franked mail during a year in which he or she is running for an election.
- Requires 60 percent of campaign contributions to come from a candidate's own state or district.
- Limits personal candidate spending to $250,000 in an election cycle.
- Excludes contributions made by a political committee of a political party and contributions by individuals significant in the candidate's campaign from counting as an “independent expenditure.”
NOTE: INVOKING CLOTURE REQUIRES A 3/5 MAJORITY OF THE SENATE. IT IS NOT A VOTE ON THE PASSAGE OF THE PIECE OF LEGISLATION, BUT LIMITS FURTHER DEBATE TO 30 HOURS. CLOTURE IS TYPICALLY USED TO END A FILIBUSTER. A FAILED CLOTURE VOTE OFTEN PREVENTS THE LEGISLATION FROM EVER COMING TO A VOTE.