But critics said the amendment would result in more money, not less, flowing into campaigns. The amendment drew the support of California Democrat Dianne Feinstein. Feingold argued that the better way to aid a challenger in those circumstances would be to grant free or discounted television airtime to make up for the financial shortfall. Hagel substitute awaits its turn Campaign finance reform was the centerpiece of McCain's run for the Republican presidential nomination last year. The bill would not only ban soft money, it also would restrict political advertising by independent groups and enact greater disclosure requirements.
Critics argue the bill's limits on spending violate the First Amendment's right to free expression.
Sen. Mitch McConnell, the bill's most prominent Senate opponent, said it would hamstring political parties without limiting major voting blocs such as labor unions, which overwhelmingly back Democrats. Still in the wings is a rival bill to be introduced by Sen. Chuck Hagel, R-Nebraska. Hagel, a staunch supporter of McCain's presidential bid, warned that McCain-Feingold would limit the ability of people to get involved in politics. We're going to hear a number of examples of how messy and unfair democracy is over the next two weeks. The answer to reforming our system is not to shut people out or diminish the ability of our people or institutions to participate in the process.