UPDATE... more here from The Hill.
UPDATE from the election law listserve, an interesting observation from Brian Svoboda:
The FEC is simply setting itself up for the same dialectic that has long characterized its enforcement process: (1) agency gives example of what is prohibited; (2) sponsor crafts ad to hew away from the prohibited example; (3) reform advocates deride supposed toothlessness of agency prohibition; (4) agency responds by targeting sponsors; thus prompting (5) continued reform community derision, and howls from the regulated about the lack of fair notice.
Sounds about how it will go.
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