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Senate hearings on 527's

Senate Rules Committee Chairman Trent Lott (R-Miss.) plans to hold hearings on the emergence of 527 soft-money fundraising groups, significantly expanding the GOP assault on what has become known as the Democratic “shadow party.”

Lott’s plans will enhance the position of Republican leaders and their unlikely allies in the campaign finance reform community who want strict curbs on these groups, which plan to spend over $300 million this year to influence federal races. -- Senate to enter 527 battle (The Hill)