THE WHITE HOUSE
Office of the Press Secretary
STATEMENT BY THE PRESIDENT
The Vice-President and I applaud the House and Senate for the broad, bipartisan approval of legislation to establish reporting and disclosure requirements for section 527 organizations, the so-called "stealth PACs." I commend the sponsors from both sides of the aisle and from both chambers of Congress -- including, Senators McCain, Lieberman, and Feingold and Representatives Doggett, Moore, Castle, and Houghton -- for their leadership in addressing backdoor spending by these outside organizations.
Passage of this bill proves that public interest can triumph over special interests, and I look forward to signing it as a first step toward meaningful campaign finance reform. There is still time this year to enact more comprehensive reform, and I renew my call to Congress for immediate action on the Shays-Meehan bill in the House and the McCain-Feingold bill in the Senate to restore the public's faith in the integrity of our election system.