Wyden-Graham bill would limit senators' fundraising

Sens. Ron WydenRon WydenPot state Dems want federal regulation of marijuana Live coverage: Senate intel holds first public Russia hearing Overnight Finance: Dems seek probe of acting SEC chief | Defense hawks say they won't back short-term funding | Senate seen as start point for Trump infrastructure plan | Dems want more money for IRS MORE (D-Ore.) and Lindsey GrahamLindsey GrahamOvernight Finance: Dems seek probe of acting SEC chief | Defense hawks say they won't back short-term funding | Senate seen as start point for Trump infrastructure plan | Dems want more money for IRS Overnight Defense: Pentagon considers more troops for Afghanistan | McCain, Graham won't back short-term funding | GOP defends Trump rules of engagement McCain and Graham: We won't back short-term government funding bill MORE (R-S.C.) will unveil a bill today that would change Senate rules to limit campaign fundraising by incumbents without amending the Constitution.

The senators worked together on campaign-finance reform during the last election cycle, offering a bill that would require candidates to attach their names to Internet, print and telephone ads. Similar rules for TV and radio ads were passed as part of the McCain-Feingold law in 2002.

Senate incumbent fundraising jumped by 49 percent during the last election compared with the previous three cycles, while challenger fundraising gained no ground, according to an October 2004 analysis by the nonpartisan Campaign Finance Institute.