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FECA Established
FECA act passes -
Average cost to run
946,011,233 – House. 636,246,368 – Senate. -
What is the concern of high election costs
Money = Votes -
What is the purpose of FECA act
Disclose amounts and sources of money for election -
What was the first limit by FECA
Repealed expenditure limits -
What is a PAC
Political Action Committee, raises money privately to influence elections -
What is soft money
A contribution to a political party not to a specific candidate to avoid limits -
FECA's PAC restrictions
Amendments to FECA defined how a PAC could operate and established the Federal Election Commission (FEC) to enforce the nation's campaign finance laws. The 1974 amendments also restricted the amount of money that could be given directly to a Congressional campaign, spurring a boom in the creation of PACs as campaigns shifted how they raised money.[4] FECA and subsequent FEC rules provide a range of restrictions on PACs -
FEC Established
To enforce the law, facilitate disclosure and administer the public funding program -
Buckley v Valeo
narrowed several provisions of the 1974 amendments to the Act, including limits on spending and limits on the amount of money a candidate could donate to his or her own campaign -
Period: to
Campaigns funded mostly by the public
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Election under FEC
the first publicly funded Presidential election -
Ammendments
streamlined the disclosure process and expand the role of political parties. -
Bipartisan Campaign Reform Act
major revisions to the FECA -
Candidates start to refuse public funding
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Period: to
Major portions of Bipartisan Campaign Reform Act struck down
Federal Election Commission v. Wisconsin Right to Life, Inc. (2007), Davis v. Federal Election Commission (2008) and Citizens United v. Federal Election Commission (2010) -
Obama becomes first major-party candidate to refuse public funding
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FECA vs Citizens United
United States Supreme Court overturned sections of the Campaign Reform Act of 2002 (also known as the McCain-Feingold Act) that had prohibited corporate and union political independent expenditures in political campaigns.
