[Congressional Record Volume 144, Number 39 (Tuesday, March 31, 1998)]
[House]
[Page H1785]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              CAMPAIGN FINANCE REFORM--THANKS FOR NOTHING

  (Mr. SNYDER asked and was given permission to address the House for 1 
minute.)
  Mr. SNYDER. Mr. Speaker, thanks to the Republican leadership's 
planned defeat last night of campaign finance reform, I wanted to give 
my colleagues an update on the current state of the law.
  If someone is a small business person in Arkansas grossing $100,000 a 
year, it is still legal for them to give $1 billion to the political 
party of their choice. If this is a family of four making $30,000 a 
year, it is still legal for them to donate $1 billion to the political 
party of their choice. If they retire on Social Security and on fixed 
income, it is still legal for them to give $1 billion to the political 
party of their choice. And if this is a young couple in their 20s still 
trying to pay off student loans, it is still legal for them to give $1 
billion to the political party of their choice.
  Thank you, Mr. Speaker, for nothing.

                          ____________________