For two things:
It raises the hard-money spending limits.
It requires better disclosure of contributions.
You've got to be joking with that last item.
Does disclosure even matter when Republicans show NO interest in doing ANYTHING about the MILLIONS in ILLEGAL money that the democRATS inserted into the last several elections? They have totally ignored the Riady non-refund, in which Clinton and DNC campaign officials DISCLOSED that the money they received from Riady was illegal but claimed they returned it. Problem is ... Riady said they didn't under a plea agreement that he looses if he lies. Riady hasn't lost his plea agreement so he must not be lying ... but I don't see any democRATS even being questioned about their apparent violation of campaign finance laws. Why is that? Are Republicans also planning to use ILLEGAL contributions so they dare not make this an issue?
It may or may not be funny, but it was a campaign promise of the kind which gets pointed out by the media. In any case, we are talking about a more instant disclosure, as I understand it, and it would be up to the poltical opposition or the press (fat chance) to point it out