Key Republicans, in fact, have already begun laying the groundwork to dramatically reshape campaign finance laws: Sen. Ted Cruz of Texas and Rep. Mark Meadows of North Carolina said last month that they will introduce legislation next year that would let a single donor contribute as much as he or she wanted to the candidate of their choice.
The bill would erase caps — which currently limit donors from giving more than $2,700 to individual general election candidates — that have existed since 1974.
Even its supporters acknowledge that such a sweeping overhaul faces long odds of congressional approval. But major changes, experts and advocates say, are now more likely to come through the legislative process than at any time since 2002, when Congress approved the Bipartisan Campaign Reform Act (known as “McCain-Feingold”).