Reps. Mike Pence (R-Ind.) and Albert Wynn (D-Md.) plan to introduce legislation that would once again allow the national party committees to raise and spend soft money. Instead of reigning in 527s, Pence and Wynn are seeking to give the parties parity in the soft- money chase. They believe BCRA went too far in “imposing severe constraints” on the parties, unjustly weakening them against the fundraising power of the 527 groups. Pence and Wynn’s proposal would: remove the aggregate contribution limits that BCRA imposed on individuals giving to influence federal elections, thus allowing them to avoid choosing between donations to parties, candidates and federally regulated independent groups; remove limits on how much the parties can spend in coordination with candidates; allow state and local parties to spend soft money on voter registration drives for elections, including those involving federal candidates; and eliminate the taxes nonprofit 501(c) organizations pay on communications that do not include “express advocacy” for the election or defeat of federal candidates.