Henry Waxman: “I underscore my support for this legislation because I believe there ought to be full reporting by those who give…”

“I underscore my support for this legislation because I believe there ought to be full reporting by those who give donations, whether it is to campaigns or even to libraries. We need disclosure because some may have political hope that in exchange for their contribution or gift, they may receive some influence. That is why I strongly support, and hope my colleagues who are going to support this bill will join me in supporting, similar legislation regarding Members of Congress, when they set up foundations or libraries or other attributes to themselves and receive contributions from outside sources. They also should be required to report donations. All foundation donations, all donations similar to campaign contributions, should be disclosed because the giver may hope to gain some influence. All donations ought to be on the table, ought to be publicly disclosed.”