Loophole Looms in Campaign Finance Law

1 decade 3 years 8 months ago Tuesday, December 12 2006 Dec 12, 2006 Tuesday, December 12, 2006 7:32:25 PM CST December 12, 2006 in News

The state's new campaign finance law eliminates limits on contributions, although candidates can't raise money during legislative sessions.

The law takes effect Jan. 1, then the Missouri legislative session starts Jan. 3, leaving two days for unlimited fundraising.

Republicans support the no-limit law, but they worry about the two-day window.

"It would be very disappointing that some lawmakers wouldn't look at the situation and say, 'I need to be focusing on legislation and improving the lives of Missourians rather than filling my pocketbook,'" said GOP spokesman Paul Sloca.

But Democrats are worried about more than just timing.

"Whether it's for two days or for the whole year, this is a system that's broken. We shouldn't be able to solicit unlimited contributions. That is giving money too big of an influence in our government," said Democratic Party spokesman Jack Cardetti.

No one will know for sure who raised how much money during that two-day window until politicians file campaign finance reports next year. The legislative session ends next May when, under the new law, political campaigns can resume unlimited fundraising.

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