A proposed law to help regulate capaign financing

Presidential candidates get part of their money from private donors and part from the federal government; congressional candidates get all of their money from private sources. In the presidential primaries, candidates raise money from private citizens and interest groups. The government will provide matching funds for all monies raised from individual donors who contribute no more than $250. Congress has attempted to regulate campaign financing to prevent abuses. The law has yielded mixed results.

Congress trying to regulate campaign financing to prevent abuses insures that the candidates are really serious about running. Insuring that the candidate is really serious they have to raise $5,000 in each of the 20 states from each small contributor. The government also gives a lump-sum grant to each political party to help pay the costs of its nominating convention. In the general election the government pays all the costs of each

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