Statement on Campaign Finance Reform Legislation

In my State of the Union Address, I challenged Congress to pass bipartisan campaign finance reform by July 4th, the date we celebrate the birth of our democracy. The only way that political reform will become law is if citizens raise their voices to demand change. I strongly support the bipartisan legislation introduced by Senators John McCain and Russ Feingold, and Representatives Chris Shays and Marty Meehan. It is real, it is fair, it is tough, and it will curb the role of big money in our politics.

We know the pressing need for reform. The campaign finance laws are two decades out of date and have been overwhelmed by a flood of money that rises with every election. Above all, campaign finance reform will help us to meet our Nation's fundamental challenges. It will help us balance the budget, fight crime, extend health care to our children, protect our young people from the dangers of tobacco. Reform will help make sure that our political system stands for ordinary Americans and helps them in their daily lives.

At Faneuil Hall, the "Cradle of Liberty," and at Independence Hall, our Founders forged our democracy. Now it is up to all of us, in a new time, to renew that democracy and to make sure that our Government represents the national interest, not just narrow interests. I thank those who are fighting for reform and who are gathered at Faneuil Hall for their leadership and urge all citizens to join in this effort. This year can be the year that we finally pass campaign finance reform.