527 reform

527s are on the mind of Sens. McCain and Feingold once again. The 527 Reform Act of 2007 would regulate a 527 under the FECA if it spends more than $1,000 on public communications that promote, support, attack, or oppose a candidate, or on voter registration and GOTV. Sen. Feingold stated on the Senate floor that no 501(c) organizations are targeted... only 527s. Observers will recall that the last time this was attempted, many interpreted the reach to include some 501(c)s, which prompted pushback and the ultimate demise of the bill. Read more about the bill here.