Mike Pence: “all of us remember the summer of 527s. Groups organized on the left and right under section 527 of the Internal Revenue…”

“all of us remember the summer of 527s. Groups organized on the left and right under section 527 of the Internal Revenue Code spent nearly $400 million in the midst of the Presidential campaigns while the Nation's two major political parties, its most respected labor unions, associations, businesses, and constitutional groups seemed to stand on the sideline in mute amazement. In response to that summer of 527s, some here in Washington, D.C. want to exert even more regulation and control, and that is certainly their right to pursue. But the gentleman from Maryland (Mr. Wynn) and I have a different approach. We believe that the only proper response to inequities in the political economy of a free society is more freedom, not less freedom. {time} 1015 The Pence-Wynn bill is our effort to restore freedom and fairness to political parties and outside organizations, to give them the opportunity to compete more effectively with not only 527 organizations but their progeny that may arise if the Congress decides even yet to regulate them. Thomas Jefferson said, ``I would rather be exposed to the inconveniences attending too much liberty than those attending too small a degree of it.'' Mr. Speaker, I urge my colleagues to consider the Pence-Wynn Freedom resolution. ____________________”