Campaign finance reform legislation in the United States Congress: A critique

Legislation to reform campaign funding in the United States must produce a system which reduces the potential for corruption, real or perceived, and creates greater equality of fund raising opportunity between incumbents and challengers. Bills before the 104th Congress would require bureaucratic and arbitrary systems of regulation; they would not produce workable reform. Within the existing full disclosure system,two reforms would be most effective: setting maximum dollar amounts for “soft money” contributions; and limiting fund raising by lobbyists. An even more effective system would be to “blind” contributions made to the campaign committees of individual candidates. This revised version was published online in July 2006 with corrections to the Cover Date.