Possibly not! The incoming director of the FEC -- who was an outspoken opponent of the CFR law -- may apply the Lincolnsonian principle that the best way to effect the repeal of an odious law is to rigorously enforce it. He's announced the possibility, with formal determination to follow early next year, that 527 organizations (like those Soros has established or funded) may have to be regulated under the new law much like PACs. See:
New Democratic Funding Groups May Have to Return Money - GOP FEC Chair May Close Loophole ^ |
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Posted by 11th Earl of Mar On News/Activism ^ 12/19/2003 9:10:17 AM CST with 36 comments Boston Globe ^ | 12/19/03 Democrats' new campaign funding groups may face regulation By Sharon Theimer, Associated Press, 12/19/2003 WASHINGTON -- Democrats who have been forming groups to avoid spending restrictions in the campaign finance law may face bad news: The government's new chief election regulator is warning that their activities could be reined in. Bradley Smith, the Republican chosen yesterday as chairman of the Federal Election Commission, said he believes a recent Supreme Court ruling may require his agency to limit the groups' activities."If so, it's a huge issue. And it means there are a lot of groups already out there that would have... |
I meant Soros himself, not the organizations he funds. As far as I can tell, the new law does not apply to individuals.