Senate poised to pass campaign finance reform bill

Thursday June 29 by Claudia bournecnn
Despite opposition from GOP leaders, the Senate is expected on Thursday to pass a House-approved bill to require controversial secret tax-exempt political organizations known as "527s" to disclose their sources of income. If the disclosure requirement passes it will be available for President Clinton's signature in time to affect this year's general election. Clinton is ready to sign it. At a Democratic fund-raiser on Wednesday night he said, "Getting the disclosure of these secret committees is a big deal. This could really influence the outcome of some of the elections this year and more importantly it could ratify a principle that we all in both parties say we believe in, which is full disclosure."

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