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Mr. Gold said the federation would also oppose efforts to raise limits on regulated donations to federal candidates and national parties.
Democrats argued that the administration should raise limits on the investment activities of Fannie Mae and Freddie Mac, the big purchasers of mortgages created by the federal government.
"I am interested in finding something that can be supported by a dominant majority of senators," said Senator Dianne Feinstein, a California Democrat who is expected to offer an amendment next week to raise limits on direct donations.
Scientists say President Bush's veto last month of legislation to raise limits on federal financing for stem cell research was the latest in a series of setbacks, which they say are stifling the research environment and eroding the edge in basic medical science that the United States has held since World War II.
The $700 billion plan to buy banks' mortgage-related assets, which requires the U.S. to raise limits on the federal deficit, could damage investor confidence in the dollar, long-considered ultra-safe, and prompt Asian investors to diversify, analysts said.
The legislation would raise limits on how much executive compensation a company can deduct from taxes.
Similar(47)
In 2005 Congress raised limits on fines for obscenity, enabling the F.C.C. to charge up to $325,000 for every violation of its standards.
The bill addresses this problem by temporarily raising limits to clear a backlog of 234,000 applications for employment-based permanent visas.
Though these contribution limits haven't been signed into law, Congress has been kicking around the idea of raising limits for years and the issue has broad support.
(A classic is the Auto Party, organized in 1985 to raise speed limits and limit traffic fines).
And some senators want to raise contribution limits, arguing the problem is that limits were never adjusted for inflation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com