Congresswoman Nancy Pelosi

House Passes Campaign Finance Reform

August 6, 1998

Rep. Nancy Pelosi (D-CA), a cosponsor of the Meehan-Shays Bipartisan Campaign Reform Act, today joined with her colleagues in support of campaign finance reform. "The Meehan-Shays bill goes a long way to drain the swamp that our political process has become," said Pelosi. "Every single person who comes to this body to serve takes an oath of office to protect and defend the Constitution against all enemies, foreign and domestic. The greatest enemy to our democracy is foreign and domestic money poisoning our system."

The Meehan-Shays bill, offered by Reps. Martin Meehan (D-MA) and Christopher Shays (R-CT), addresses some of the major concerns Americans have had with the way campaigns are financed. Among other things, it provides for a ban on "soft money." "Meehan-Shays ends the corrupting influence of big money and levels the playing field so that all Americans can participate in the political process and be heard," Pelosi said.

Meehan-Shays includes:

• A ban on soft money at the federal and state level;
• A ban on foreign money entering the system;
• Voluntary spending limits;
• New limits on Political Action Committees;
• Tougher political advertising disclosure requirements;
• And campaign enforcement and disclosure requirements, such as mandatory electronic filing of Federal Election Commission reports.

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