One year after the biggest economic collapse since the Great Depression, Congress is still debating new financial regulations to protect... View Article
Continue readingRep. Frank Extends Communication Ban on Former Staffer Turned Lobbyist
Michael Paese used to be the chief of staff to Finance Committee Chair Barney Frank until he took a job... View Article
Continue readingTwo Democrats Seek Public Financing of Elections:
Senators Dick Durbin (D-IL) and Chris Dodd (D-CT) stated that they will push for the public financing of elections in the wake of congressional bribery and lobbying scandals, according to The Hill newspaper. In the House, David Obey (D-WI) and Barney Frank (D-MA) have introduced a bill to allow for the public financing of elections by creating a national campaign fund, funded voluntarily by taxpayers and a tax of one-tenth of one percent of all corporate profits over $10 million. Durbin and Dodd have not suggested what their proposal would look like but have expressed concern that lobbying reform proposals will not fix the source of the corruption, which is the need to fundraise due to the high cost of running elections.
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