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Financing System | Bipartisan
Campaign Finance Reform Act | 527s
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Issues
Campaign
Finance Reform Presidential Public Financing System
The presidential public
financing system is broken. The front-loading of decisive
primaries and the emergence of candidates able to raise
money far in excess of the primary election spending limits
has exposed the weaknesses of the current system. But rather
than abandon this system that served us so well for over
a generation, we should update it to reflect the current
reality of running for the presidency. That is why in January
2007, I introduced the Presidential Funding Act of 2007
to strengthen the public financing system. A companion bill
has been introduced in the House by Representatives Christopher
Shays (R-CT) and David Price (D-NC).
The presidential public funding system protects the integrity
of the electoral process by allowing presidential candidates
to run competitive campaigns without becoming overly dependent
on private donors. My legislation improves and updates the
system by increasing matching funds and increasing spending
limits for candidates who participate in the system, among
other provisions. For more detailed information, please view
the summary
of the legislation here.
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