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The campaign finance bill, which narrowly passed the House on a largely partisan vote, would have required nearly all organizations airing political ads independently of candidates or the political parties to disclose their top donors and the amounts they paid. It would have banned a variety of political activity by entities holding a government contract worth more than $10 million and corporations where foreigners own more than a majority of voting shares. The rejection of the disclosure bill came as the the House Administration Committee approved legislation that would make candidates for federal office eligible for public funding if they rely solely on private contributions of $100 or less. Sponsors of the bill that passed in committee, led by Reps. John Larson, D-Conn., and Walter Jones, R-N.C., said it would reduce the role of special interest money in campaigns. ___ The disclosure bill is S. 3628. ___ Online: Congress: http://thomas.loc.gov/
[Associated
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