Bundling Buddies - Obama Introduces Legislation Requiring Bundler Disclosure

Democratic presidential candidate Sen. Barack Obama introduced legislation  yesterday that would require federal campaigns to disclose the identities of their "bundlers."  Bundlers are people with extensive professional and social networks who raise lots of money (or "bundle" contributions) from their friends and professional colleagues for campaigns.  Since an individual can only contribute a maximum of $4,600 to a federal campaign under federal law ($2,300 for the primary election and $2,300 for the general election), campaigns often rely heavily on bundlers for bigger (bundled) donations.

Hat Tip: Baltimore Sun