McCain-Feingold Alert

The New York Sun reports on the McCain-Feingold alert:

Senators McCain and Feingold, champions of the regulation of campaign speech, sent out a letter Monday warning of what they reckon is a serious threat to the current system. They are worried about a provision that has been slipped into a housing and transportation appropriations bill that would allow political action committees associated with incumbents - and only incumbents - to siphon unlimited funds to a national party committee. These funds could then be pumped back into that member's campaign, the senators warn, "effectively subverting individual and PAC donor contribution limits on the amounts that can be given to a Member's campaign."

The two Senators don't like free speech too much.