[Weekly Compilation of Presidential Documents Volume 29, Number 47 (Monday, November 29, 1993)]
[Page 2442]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Statement on the House of Representatives Action on Campaign Finance 
Reform

 November 22, 1993

    Today, the House of Representatives overwhelmingly passed 
comprehensive campaign finance reform legislation based on my proposal 
earlier this year.
    The public has made clear that it expects change in the way 
Washington works and politics is conducted. This legislation is a major 
step toward ensuring that Government serves the national interest and 
not narrow interests. It sets up a system of spending limits; it opens 
up the airwaves to debate; it curbs the role of PAC's; and it bans the 
use of soft money in Federal elections.
    I congratulate the House leadership for their energetic effort to 
pass this difficult legislation, and I look forward to signing the 
strongest possible bill when it reaches my desk in its final form. All 
in all, this is a breakthrough for political reform and a sign that we 
have heard the American people.