Thursday, April 06, 2006

House OKs bill capping nonprofits' gifts

House OKs bill capping nonprofits' gifts: "-- House-passed legislation could put tight financial constraints on the nonprofit political groups that relied on millionaire donors to vault to a prominent role in the 2004 presidential elections.

The Republican-backed legislation, approved Wednesday on a narrow 218-209 vote, would require those groups, known as '527s,' to register as political committees and abide by campaign funding limits."

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