"Concerns over financing federal elections have become a seemingly perennial aspect of our political system, centered on the enduring issues of high campaign costs and reliance on interest groups for needed campaign funds. Rising election costs have long fostered a sense in some quarters that spending is out of control, with too much time spent raising funds and elections 'bought and sold.' Debate has also focused on the role of interest groups in campaign funding, especially through political action committees (PACs). The differences in perceptions of the campaign finance system have long been compounded bydifferent reform approaches of the major parties. Democrats have tended to favor more regulation, with spending limits and some form of public funding or benefits a part of their past proposals. Republicans have generally opposed such limits and public funding. [...] Reform supporters vowed a renewed effort in the 107th Congress. On April 2, the Senate passed S. 27 (McCain-Feingold), as amended, following a two-week debate. House debate, planned for July 12, did not occur because the proposed rule for consideration was rejected that day by the House."
CRS Issue Brief for Congress, IB87020
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