Campaign Finance Bill Gets a Look

By: Associated Press
By: Associated Press

Lawmakers will consider a campaign finance proposal written by Secretary of State Eric Clark. It would allow corporations to make unlimited contributions to political action committees in exchange for full disclosure.

Clark's spokesman David Blount says his office has been working on a plan that would win Gov. Haley Barbour's approval. Last year, Barbour vetoed a campaign finance bill that limited contributions that businesses made to PACs. The governor has said he wants to encourage open political activity. Blount says the latest proposal should be agreeable to Barbour.

The proposal increases the amount a corporation can make to a candidate to $2,000 from $1,000. Corporations can give as much as they want to PACs, but those that give more than $2,000 must disclose their shareholders and donors.

Under state law, certain nonprofit groups do not have to reveal their donors. Clark, Attorney Gen. Jim Hood and open government advocates have urged lawmakers to revise the laws to force the groups to disclose the source of the "soft money."

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