MONTPELIER, Vt. (AP) - Vermont Gov. Peter Shumlin has signed the first new campaign finance law the state has had since a previous attempt to limit money in politics was struck down by the U.S. Supreme Court in 2006.
Friday's action follows House and Senate approval of a bill that critics labeled a retreat from real reform, but which a key backer called a baseline for further changes.
The measure calls for a $1,000 limit on contributions to state House or local municipal candidates; $1,500 for those running for the Senate or in other countywide races; and $4,000 for those running for statewide office.
Critics zeroed in on a sharp increase in how much individuals, corporations and political committees can contribute to political parties. The new law sets that limit at $10,000.
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