Shays takes a third stab at campaign finance law

[Khephra]

WASHINGTON — U.S. Rep. Christopher Shays, R-4, has opened up a third front in his fight to reform federal campaign finance law, introducing legislation that would rewrite the rules governing public financing of presidential campaigns.

So far two candidates for the Democratic presidential nomination — former Vermont Gov. Howard Dean and U.S. Sen. John Kerry, D-Mass. — have announced plans to eschew federal matching funds in the primary race, and the spending limits they carry.

Theirs are the fourth and fifth presidential primary campaigns in the history of the program to do so: Republican Steve Forbes did so in 1996 and 2000, as did President Bush in the last election.

Shays’ legislation, co-authored by U.S. Rep. Marty Meehan, D-Mass., would update funding levels and limits to reflect the current "front-heavy" primary schedule, and campaign coffers vastly larger than when the public financing law was first enacted on the heels of the Watergate scandal, nearly 30 years ago.

more...........

http://www.zwire.com/site/news.cfm?newsid=10560491&BRD=1281&PAG=461&dept_id=31007&rfi=6

[tsipple]

1. Did They Forget About Bush This Cycle?

Why am I not surprised Bush gets overlooked in this election cycle? He opted out first, and that necessitated a proportional response.