Russ Feingold: “Regretfully, this bill is going to pass and, in all likelihood, be signed by the President. I say "regretfully" because…”

“Regretfully, this bill is going to pass and, in all likelihood, be signed by the President. I say "regretfully" because, for those who wanted to reduce the amount of money in politics, this certainly will not do that. Not even close. It will dramatically take money away from the parties and then shift it to outside groups. The reason we know how much soft money the parties raise is because it is disclosed. But we will not know how much is given to the outside groups and who gives it because it is not disclosed. After this bill passes, outside groups will continue to raise unlimited amounts of soft money from all sources. In fact, Members of Congress will be able to raise unlimited amounts of soft money for those groups. It will be completely legal, and permitted by this legislation.”