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HR 417 - Campaign Finance Reform bill - National Key Vote

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Title: Campaign Finance Reform bill

Vote Smart's Synopsis:

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

Highlights:

  • Bans soft money contributions to national political parties.
  • Prohibits political parties from making coordinated contributions with a candidate unless the candidate agrees to limit personal spending to $50,000.
  • Raises aggregate individual limit from $25,000 to $30,000 annually.
  • Raises annual contribution limit for individual contributions to state committees of political parties from $5,000 to $10,000.
  • Limits free mail service, or franking privilege for members of Congress during an election year.
  • Prohibits political fundraising activity on federal property.
  • Prohibits people who are ineligible to vote from making contributions in federal, state or local elections.
  • Enhances disclosure requirements for groups conducting "issue advocacy" advertising or targeting a specific candidate.
  • Stipulates that labor organizations must give non-members who pay dues an opportunity to object to specific political activities funded by dues collections.

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