Last time around, campaign finance reform failed because it lacked public financing. Twenty years later, Congress seems determined to make the same mistake.
Jonathan CohnDec 19, 2001
Even by Washington-in-July standards, political consultant Steven Stockmeyer should have been sweating plenty this summer. In June, the Senate passed a bill banning campaign contributions from political action committees (PACs). Although the bill was weaker than many reform advocates had hoped, and although it still faced tough political obstacles in the House, the prognosis for Stockmeyer seemed grim. Stockmeyer is the spokesperson for several of Washington's largest PACs, and if the Senate bill were to become law, those clients presumably would face extinction.