Close The Loophole On 527 Groups
Mr. Speaker, what we have today is more liberal lunacy. Billionaires like the Daddy Warbucks of the Democratic Party, George Soros, are pushing their left-wing agenda by funneling hundreds of millions of dollars through shady organizations…
Mr. Speaker, what we have today is more liberal lunacy. Billionaires like the Daddy Warbucks of the Democratic Party, George Soros, are pushing their left-wing agenda by funneling hundreds of millions of dollars through shady organizations called 527 groups.
Section 527 groups operate outside of campaign finance laws by spending hundreds of millions of dollars on ads and partisan voter recruitment efforts with no oversight and no accountability.
Mr. Speaker, $370 million flowed through 527 groups in the last campaign election cycle, and this is outside of campaign disclosure. So much for taking big money out of politics.
Over one-fifth of the $370 million channeled through 527s came from four individuals. This is money laundering on a scale that would make even Tony Soprano blush.
Mr. Speaker, it is time that we close this loophole on 527s and open transparent and accountable campaigns to the American people.