Frank Pallone: “I think that if we take a spending limit and we then require a small amount of donations and then we still have larger…”

“I think that if we take a spending limit and we then require a small amount of donations and then we still have larger donations, individual donations and PAC's, and then we have a public mechanism to match it, that would go far toward keeping the amount of money down and also making people understand that the small donations really are meaningful in this process, which I think that they are. However, again, the issue right now for us is not what the reform is going to be, but that we need to address reform. ... The fact is that we passed here spending limits. We need to limit the amount of money it takes to run for a congressional seat or a Senate seat. There are differences with regard to public financing. I support public financing, a voluntary, that is nobody should be coerced, or the other pieces, the ban on soft money which is in the Farr bill, which I support, a ban on soft money.”