Campaign finance expert to testify to New York State Senate Elections Committee

Event:            Center for Competitive Politics Vice President Stephen Hoersting testifies to New York State Senate Elections Committee

Time/Date:     10:30 a.m./Friday, July 27, 2007

Place:              Mohawk Valley Community College (Rome Campus)

Plumley Auditorium, 1101 Floyd Avenue, Rome, NY

SUMMARY:

Recently, leaders in New York announced an agreement to overhaul the state’s campaign finance regulations.   As part of the process, the New York State Senate Elections Committee is hosting roundtable discussions with campaign finance experts to discuss the issue.   On Friday, the Center for Competitive Politics Vice President Stephen Hoersting will testify to the committee about campaign finance regulation.

An overview of campaign finance regulation by the Center for Competitive Politics reveals some startling facts about the proposal:

· It will entrench incumbent officeholders.

· It favors wealthy candidates.

· It will likely increase the number of independent advocacy (“527”) groups in state campaigns.

· It favors political insiders by creating a powerful and dangerous enforcement unit.

The full overview can be found at: http://ifs.org/docLib/20070724_OverviewofNewYorkProposal.pdf

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The Center for Competitive Politics is now the Institute for Free Speech.