to give money to non-profit corporations to spend on “issue”
advocacy.
Senate Committee Investigation
In 1998 the Senate Committee on Governmental
Affairs issued a six-volume report summarizing the results of
an extensive investigation into the campaign practices in the
1996 federal elections. The report gave particular attention to
the effect of soft money on the American political system,
including elected officials’ practice of granting special
access in return for political contributions.
The committee’s principal findings relating to
Democratic Party fundraising were set forth in the majority’s
report, while the minority report primarily described
Republican practices. The two reports reached consensus,
however, on certain central propositions. They agreed that
the “soft money loophole” had led to a “meltdown” of the
campaign finance system that had been intended “to keep
corporate, union and large individual contributions from
influencing the electoral process.” One Senator stated that
“the hearings provided overwhelming evidence that the twin
loopholes of soft money and bogus issue advertising have
virtually destroyed our campaign finance laws, leaving us
with little more than a pile of legal rubble.”
The report was critical of both parties’ methods of
raising soft money, as well as their use of those funds. It
concluded that both parties promised and provided special
access to candidates and senior Government officials in
exchange for large soft-money contributions.
The
committee majority described the White House coffees that
rewarded major donors with access to President Clinton, and
the courtesies extended to an international businessman
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