Senate Passes Campaign Finance Bill.The U.S. Senate passed a sweeping campaign finance bill modeled after the bill backed by Sens. John McCain For McCain's grandfather and father, see John S. McCain, Sr. and John S. McCain, Jr., respectively John Sidney McCain III (born August 29, 1936 in Panama Canal Zone) is an American politician, war veteran, and currently the Republican Senior U.S. Senator from Arizona. (R-AZ) and Russ Feingold Russell Dana "Russ" Feingold (born March 2, 1953) is an American politician from the U.S. state of Wisconsin. He has served as a Democratic member of the U.S. Senate and the junior Senator from Wisconsin since 1993. A recipient of the John F. (D-WI). The Senate also acted on two amendments, passing one that would increase hard-dollar donation limits, and tabling another that would have removed the severability clause The severability clause (sometimes referred to as a salvatorius clause, from the Latin word salvatorius) is the name for a special clause that regulates the legal consequences or the applicability of the remaining clauses of a contract when some clauses of a in the original bill. Sen. Kay Bailey Hutchison Kathyrn Ann Bailey Hutchison, usually known as Kay Bailey Hutchison (born July 22 1943), is the senior United States Senator from Texas. She is a member of the Republican Party. (R-TX) had introduced two amendments to the McCain-Feingold campaign finance bill--one that would do away with the current Section 527 requirement that state political action committees file regular reports with the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. detailing contributions and expenditures and another that would eliminate the "prior approval" solicitation restrictions currently placed on trade association PACs--but withdrew both amendments because of procedural problems. The McCain-Feingold bill includes provisions to ban soft-money donations to political parties and limit issue advertisements that mention a candidate's name prior to an election. The bill now moves to the U.S. House of Representatives for consideration. |
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