[Congressional Record (Bound Edition), Volume 146 (2000), Part 4]
[House]
[Page 5198]
[From the U.S. Government Publishing Office, www.gpo.gov]



           527 CORPORATIONS MUST DISCLOSE THEIR CONTRIBUTORS

  (Mr. DOGGETT asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. DOGGETT. Mr. Speaker, a 527 is not a bird or some new model of 
aircraft, but it is the Superman or super weapon of this political 
season. Operating under section 527 of the Internal Revenue Code, these 
new political groups can spew out hate over the airwaves and fill our 
mailboxes with misinformation. These new political groups can take 
unlimited amounts of money, and they can take unlimited amounts of 
foreign money. The Iraqis, the Cubans, the Chinese can pour money into 
these secret Swiss accounts of the political season and use it to spew 
out more hate over the airwaves.
  The favorite feature of those who rely on 527s is that they can hide 
every bit of any dirty money that they collect. They can keep their 
sources secret. Unfortunately, the House Republican leadership is so 
tied to these secret political accounts and so reliant on campaigns of 
hate that they will finance in the Fall that they are denying this 
House today the opportunity to require these groups to disclose their 
contributors. This is wrong, and the House should reject this tactic.

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