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Mississippi Legislature near to passage of campaign reform law

Just minutes before a legislative deadline, [Mississippi] House and Senate negotiators reached a compromise on a campaign finance bill.

The conference report filed late Monday would require political action committees that make contributions of $10,000 or more to other PACs to disclose the original source of the money.

"If this passes and becomes law, then it will be one of the most significant pieces of election legislation we've ever passed," said Senate Elections Chairman Bobby Chamberlin, R-Hernando, one of the six negotiators on the bill.

The bill also would require any nonprofit group such as the U.S. Chamber of Commerce or any other 501(c) entity to disclose the source of contributions of $200 or more if the organization names specific candidates in advertisements purchased during an election cycle. -- Conferees reach compromise on campaign finance bill (AP via Biloxi Sun Herald)