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Financial In Market The Senate opened debate today on a comprehensive overhaul of the campaign finance law in a drive to give the bill final approval and send it to President Bush by the end of the week.

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Oriental Trading After a years-long struggle, strategists on both sides of the debate over money and politics say they believe that final passage of the bill to ban the national parties from accepting large, unlimited contributions from corporations, unions and individuals is now assured.

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Financial Forex Forex Software Avoiding a prolonged losing battle, the bill's chief opponent, Senator Mitch McConnell, Republican of Kentucky, indicated today that the Republicans could agree to end debate as early as Tuesday. Mr. McConnell and other opponents are now putting their energy into planning a court challenge.

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Trading The opening debate this afternoon was perfunctory, with Senator Russell D. Feingold, Democrat of Wisconsin, the lone lawmaker to take to the floor on the issue. Mr. Feingold, a longtime champion of the measure along with Senator John McCain, Republican of Arizona, told the Senate that the donations known as soft money had made the public skeptical of whether lawmakers were serving the public or were in the sway of large donors.

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Trading Financial System "As long as we allow soft money to exist, we risk damaging our credibility," he said.

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Day Trading To underscore his point Mr. Feingold spoke of fund-raising during the Clinton presidency, remembering how fund-raisers were rewarded with stays in the Lincoln Bedroom. He said the Senate had become suspect to voters as it considered legislation affecting industries like tobacco or telecommunications or health care, even while the parties took large contributions from such interests.

Forex Financial Trading The He also noted how the collapsed energy trading company Enron had spread donations all across Washington, including more than $3.5 million in soft money since 1991.

Fortune Make Option Trading "The potential for a conflict of interest in a case like this is clear," Mr. Feingold said. "Many of the elected officials who were asked to sit in judgment on Enron, including members of Congress, the attorney general and the president of the United States have been accepting and even asking for campaign contributions from Enron for years."

Science Of Financial Market Most senators were still straggling back to the Capitol from the weekend. None of the bill's opponents, mostly Republicans, spelled out their side of the issue. They have long argued that the bill abridges constitutionally protected free speech rights and will weaken the national political parties.

Future Trading For years the campaign finance bill died in Republican-run Senate filibusters. But last year, Republicans let the measure come to a vote and the Senate approved it, 59 to 41. After a fierce struggle, the House too voted, 240 to 189, in favor of the bill last month despite the opposition of the Republican leadership.

Financial Sales Services The Senate is now planning to vote on the House version of the bill so it can be given final passage and be sent straight to Mr. Bush.

Commodity Trading "We think we have the votes to pass it," Senator Tom Daschle, Democrat of South Dakota, the majority leader, said on Sunday.

Financial Services Trading Some opponents say they still want the backers of the legislation to prove that they have the 60 votes needed to cut off a filibuster against the measure. Mr. Daschle today set up that test vote for Wednesday and said the Senate would probably resume debate on a separate energy bill until then.

Online Forex Trading Mr. Daschle has repeatedly threatened to keep the Senate in all-night sessions after Wednesday to overcome any effort to talk the campaign finance bill to death or use parliamentary maneuvers to stall it. But opponents of the bill appeared about ready to give up the fight. Mr. McConnell, who had blocked the bill from the floor for a month, said negotiations over some last technical changes to the bill proved fruitful this afternoon. He said opponents might agree to move the test vote up to Tuesday and then have a final vote on the bill after only a few hours of debate.

Financial Portfolio Trade The campaign finance legislation, which would become effective after the November elections, would make the most comprehensive changes in the campaign finance law since the Watergate era. Besides banning the acceptance of soft money by the national parties, the bill would put restrictions on thinly veiled campaign commercials by outside groups 30 days before a primary election and 60 days before a general election.

Sierra Trading Post In exchange for the ban on soft money, the bill would allow increases in smaller, more highly regulated campaign fund-raising for the first time since 1974. The bill would raise to $2,000 from $1,000 the longstanding limit on how much an individual could give federal candidates each election and subsequently index that limit for inflation.

Trading Financial Future It would also allow individuals to give limited soft-money contributions of up to $10,000 a year to state and local parties for voter registration and get-out-the-vote activities.

Forex Trading Software Mr. Bush sparred with Mr. McCain over the soft-money ban in the Republican presidential primaries in 2000. But the president's aides say they expect him to sign the bill.

Trading Post By Alison Mitchell
New York Times - 3/19/2002

Topic: Campaign Finance Reform

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