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Finance reform passes sans discount ad rate - Broadcasting & Cable

Finance reform passes sans discount ad rate

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The Senate Wednesday passed 60-40 sweeping campaign-finance reform, which
the president is expected to sign.

The bill contains no discount ad rate provisions, which Sen. Robert
Torricelli (D-N.J.) had been pushing but the House axed last month.

The bill attempts to curtail unlimited corporate donations, known as 'soft
money.'

Observers expect various interest groups -- including the
American Civil Liberties Union and the National Rifle Association -- to
challenge the law in court.

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