The NY Sun offers this must-read report on Sen. McCain’s failure to co-sponsor a public financing bill nearly identical to the one he co-sponsored a few years ago. “A spokeswoman for Mr. McCain, Eileen McMenamin, did not return calls seeking comment for this article, but several people involved in discussions about the legislation said the senator’s absence was related to his widely expected bid for the presidency in 2008.”
On the bill itself, see this praise from the Campaign Finance Institute and this criticism from Bob Bauer.