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Life Before BCRA: Soft Money at the State Level in the 2000 and 2001 Election Cycles

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Democratic and Republican state political party committees raised $1 billion in soft money during the 2000 and 2002 election cycles. Nearly half of that money came from the national party committees, which under the just-upheld Bipartisan Campaign Reform Act can no longer raise or spend soft money. This report looks at the sources of soft money at the state level and how the new federal campaign-finance law may affect future fundraising in the states.