Our federal campaign finance system is in a state of disarray. The current regulatory scheme is not curbing, and may be abetting, the enormous increase in campaign contributions and expenditures. The enormous influence of major campaign donors on the process of government is a growing cause of national concern. The Special Commission of The Association of the Bar of the City of New York has spent the past two years studying the current system and developing a blueprint for reform. Composed of members with diverse political views and extensive legal and government experience, the Commission takes a fresh look at how to limit the undue influence of private money in federal elections. The result is a highly readable report that tells how the current system, established in the wake of the Watergate scandal, is being manipulated by monied special interests, and how the system can be reformed. The report addresses: how to develop a level playing field for candidates; how to limit the amount of money flowing into campaigns while allowing candidates to mount effective races; how to curb the use of soft money and issue advocacy while preserving the role of political parties; and how to structure a system that will restore public confidence in government. This account is must reading on an issue that is moving to the center of the national stage.