On the recordFebruary 15, 2000
Let me if I could just say that the significance is that soft money creates a gigantic loophole. It allows corporate treasury money to be contributed, whereas the law in 1974, the individual contribution limits and the political action committee never allows for corporate treasury money to be contributed to a candidate. It allows for labor unions to get around the law because it is illegal for labor unions to contribute to political campaigns.
Source
govinfo.gov




