Sam Farr: “Mr. Chairman, I rise urging my colleagues to support the bill that is under consideration, H.R. 3505. Mr. Chairman, this…”

“Mr. Chairman, I rise urging my colleagues to support the bill that is under consideration, H.R. 3505. Mr. Chairman, this is a good bill. Let me tell the Members why. This bill imposes spending limits on political candidates. It reduces the influence on special interest money. It eliminates soft money. It corrals unregulated advocacy spending. It is a good bill because this is what the American people have asked for, and it is what they deserve: campaigns that are free of big money, free of powerful interests, and unregulated third party spending. It is a good bill because it brings sanity to an insane world of campaign finance reform. It is a good bill because it lets us say goodbye to the high-roller politics. Let us take a look at what is happening in America. Right now there are no spending limits, and certainly under the bill of the gentleman from California [Mr. Thomas], there are no limits. Candidates can spend whatever and however they want to spend. There is a $600,000 spending limit in a 2-year cycle under our bill. The American people want to see limits on what people spend in campaigns.”