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Campaign Finance Loophole Allows Unlimited Transfers Between PAC's

High-profile political action committees are accused of taking advantage of a loophole in campaign finance law that allows unlimited donations from federal to state PAC's.  David Morrison, with the Illinois Campaign for Political Reform, says the PAC's making the transfers are using a different reading of the law than anyone else.

[audio:rddLoop1.mp3]A Word From Morrison[/audio]

Lawmakers say the intent of the law was to allow unlimited donations from national political parties to state political parties not from other PAC's. Exelon and ComEd are said to have taken advantage of the law by transferring 189-thousand dollars over the past year.  And more recently, the national Realtors PAC funneled a 753-thousand dollar donation to the Illinois Association of Realtors.

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