Dems form "September Group" as 527
The New York Times reports: Sensing both political danger and opportunity, a top Democratic operative and a group of major party donors have banded together to deliver a barrage of late advertising and on-the-ground action to secure Democratic victories in November.
The operative, Harold M. Ickes, a top aide to former President Bill Clinton and informal adviser to Senator Hillary Rodham Clinton, and a group of allies are soliciting money for a new organization called the September Fund.
They hope to raise and spend as much as $25 million to influence not only crucial Congressional races but also other campaigns and ballot initiatives at the federal and state level. ...
The September Fund, like the groups Mr. Ickes helped organize in 2004, is set up under a loophole in campaign finance law that allows political groups to escape federal donation limits that apply to party committees and candidates. Such groups, called 527 groups for the relevant section of the Internal Revenue Code, cannot advocate the election or defeat of any candidate but can engage in issue advertising that draws distinctions between the two parties. -- Democrats Form New Group for Fund-Raising and Ads - New York Times