Pete Domenici: “I have long advocated four very straightforward and specific changes in reforms in campaign finance law: First, a…”

“I have long advocated four very straightforward and specific changes in reforms in campaign finance law: First, a flat-out prohibition on House and Senate candidates raising money outside their home State; Second, the abolition of PAC's as we know them; Third, the creation of a strong disincentive to super-wealthy candidates throwing masses of family money into a campaign; Fourth, the elimination of 'soft-money:' contributions to political parties for activities such as voter registration drives and political advertising which indirectly--but intentionally--help one particular candidate; I am pleased to see that this year's legislation includes campaign finance reform ideas I initiated many years ago, specifically, a limitation on the amount of personal or family funds a wealthy candidate may contribute to his or her own race; and a limitation on the acceptance of out-of-State contributions. Unfortunately, this year's legislation also includes deeply problematic provisions.”