GAS ADS IN THE NEWS.  Politico.  “The group launching a $3.6 million ad campaign hitting President Barack Obama on gasoline prices has deep ties to the billionaire libertarian industrialists Charles and David Koch.”

SENATE DISCLOSE ACT HEARING VIDEO AND STATEMENTS.  Senate Rules.

HEARING NEWS REPORT.  Here.  “At a hearing Thursday of the Senate Rules Committee on campaign finance reform, ranking member Senator Lamar Alexander (R-Tn.) called for taking ‘all the limits off campaign contributions.'”

PRESIDENTIAL TRUST FUNDED.  The Hill.  “The Republican National Committee said Thursday that it has fully funded its Presidential Trust, a fund that the GOP can use to coordinate directly with its nominee. Federal Election Commission rules for 2012 set the cap for that fund at $21.6 million.”

ALIGNING RESOURCES FOR THE G.  Story here.  “Obama has spent more than $135 million — more than GOP challengers Romney and Rick Santorum combined — on his re-election apparatus, according to an Associated Press analysis of Federal Election Commission records. That sets up his campaign to be larger and geographically more diverse than any of his opponents’ organizations.”

LIGHTSQUARED DOCS IN THE NEWS.  Story here.  “The Federal Communications Commission (FCC) has provided thousands of internal documents to House Republicans who are investigating LightSquared.”

SUPER PACS AND THE JUDICIARY.  The Post.  “While deep-pocketed super PACs and ultra-wealthy donors have attracted plenty of attention in the presidential contest this year, they are also making waves further down the political food chain.”

IN SUPPORT OF SUPER PAC PACTS.  The Times.  “The scheme seems to be working. The Washington Post reported today that advertising by outside groups in the Warren-Brown Senate race ‘has nearly disappeared since the deal was reached.'”

DE LOBBYING REFORM?  Story here.  “Senate Bill 185 is a good, not a perfect, bill. It would force lobbying special interests to disclose each piece of legislation they are trying to influence.The bill also would make the legislative process more transparent than it is now.”

SC UPDATE.  Here.  “Two well-placed legal experts have independently told Palmetto Public Record they expect the U.S. Department of Justice to issue an indictment against South Carolina Gov. Nikki Haley on charges of tax fraud as early as this week.”

HAVE A GREAT WEEKEND.