Washington, D.C. – Senator Russ Feingold (D-WI) and Representatives Marty Meehan (D-MA), Christopher Shays (R-CT) and David Price (D-NC) today introduced the Presidential Funding Act of 2007 to strengthen the presidential public financing system so it reflects the current reality of running for the Presidency.
The legislation will enhance the viability of the system put in place following the Watergate scandal. The presidential public funding system is intended to protect the integrity of the electoral process by allowing presidential candidates to run competitive campaigns without becoming overly dependent on private donors.
H.R. 5905 [109th]: Presidential Funding Act of 2006
To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes.
Sponsor:
Rep. Martin Meehan [D-MA]
Cosponsors [as of 2007-01-07]
Rep. Ed Case [D-HI]
Rep. Rahm Emanuel [D-IL]
Rep. Barney Frank [D-MA]
Rep. Christopher Shays [R-CT]
Rep. Christopher Van Hollen [D-MD]