The Senate Finance Committee is scheduled to hold a hearing Thursday on campaign finance reforms, which would bring the House to a halt.
Sen. Chris Van Hollen (D-Md.) said in a statement Thursday that Senate Republicans would be “open to hearing from all interested parties” on the issue of campaign finance laws.
But he warned that the committee could only hear from lawmakers who “have a history of supporting campaign finance disclosure.”
Sen. Chuck Schumer (D) is also calling for an investigation into the campaign finance system, while the Senate Democrats’ campaign finance office has said it is “deeply concerned” about the Senate hearing.
Schumer also told reporters that “any reform” of campaign financing law should “be done at the state and local level” rather than the federal level.
“We want to see our representatives, senators and representatives-elect take a leadership role in these issues,” he said.
“The time is right to act.
The time is not now to wait for the president to act.”
Senate Majority Leader Harry Reid (D)-Nev., the Senate Finance Chairman, told reporters on Thursday that the Senate is “still waiting for the administration to make a decision.”
He said that the administration’s recent announcement that it was reviewing the existing rules governing how states can set limits on money in elections is encouraging, but that the law needs to be reformed at the federal and state levels.
“The president’s announcement that he is reviewing the rules for regulating campaign contributions was not a surprise.
But the Senate will not be waiting for him to act,” he told reporters.
“We must act now.
The public deserves a full accounting of the current campaign finance rules before the next election cycle.”
Senators on the Finance Committee have held the hearings before, and Democrats have said they will hold another hearing on campaign disclosure.
The Senate is scheduled for a final vote on the reforms at 5 p.m. on Thursday.