Woolsey and the other Representatives signed a petition that needs 218 signatures from Members to force the Republican leadership to bring the Underground Campaign Disclosure Act, H.R. 4168, and the Campaign Integrity Act of 2000, H.R. 3688, to the full House for a vote. The Republicans say they want tax reform.
Voters have the right to know who's financing political campaigns.
We must stop secret donations from these groups and start cleaning up campaign financing. Specifically, 527s would have to file a statement of organization' as well as file periodic contribution and expenditure reports, consistent with FEC filing requirements. H.R. 3688, which Woolsey also co-sponsors, would subject 527s to the same disclosure requirements as political committees and candidates. Closing the 527 loophole is a good way to start. Without these changes to Section 527 of the Internal Revenue Code, these groups can collect unlimited contributions from undisclosed sources without paying taxes on the funds.