Hilary Clinton outlines plan to boost campaign-finance transparency – MarketWatch

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Democratic presidential hopeful Hillary Clinton speaking in Iowa in July.

BURLINGTON, Iowa— Hillary Clinton is rolling out a policy plan Tuesday aimed at lifting the veil on some of the wealthy donors who have bankrolled political campaigns while taking advantage of laws that allow them to remain anonymous.

Clinton, who along with her husband has been among the most prodigious fundraisers in U.S. history, is also proposing ways to give candidates more incentives to collect money from small donors.

Since entering the race in April, Clinton, the Democratic presidential front-runner, has said she wants to impose new restraints on campaign spending to restore people’s confidence in the political system. Along with her top rival for the Democratic nomination, Vermont Sen. Bernie Sanders, she has taken aim at a 2010 Supreme Court ruling that gave rise to political-action committees known as super PACs, which are permitted to raise unlimited sums of money on behalf of candidates.

“We have to end the flood of secret, unaccountable money that is distorting our elections, corrupting our political system and drowning out the voices of too many everyday Americans,” Clinton said in a statement.

The Clinton campaign said her plan differs from the existing federal matching fund system by applying to congressional candidates as well as presidential hopefuls and by providing more than a dollar-for-dollar federal match.

An expanded version of this report appears at WSJ.com.


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