[Public Papers of the Presidents of the United States: William J. Clinton (1998, Book I)] [February 26, 1998] [Page 301] [From the U.S. Government Publishing Office www.gpo.gov]
[[Page 301]] Statement on Campaign Finance Reform Legislation February 26, 1998 I am disappointed that the Senate Republican leadership today killed campaign finance reform. Given a chance to strengthen our democracy, an obstructionist minority instead chose to preserve the system of soft money and unlimited backdoor campaign expenditures. I am pleased that all 45 Democrats and a majority of the Senate supported the bipartisan McCain-Feingold legislation. I will support their attempts to bring this legislation up for a vote again this session. Just as the need for change has not gone away, campaign finance reform will not go away. In the meantime, I will redouble my efforts to push campaign finance reform through other means. I ask the members of the Federal Election Commission to take the step supported by a majority of Members of the Senate and ban soft money. And I continue to call upon the Federal Communications Commission to act to provide free or discounted airtime to candidates, and I will strongly oppose any efforts by Congress to block this reform. I believe these petitions offer us the most realistic hope for real reform this year.