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FECA act passes
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946,011,233 – House. 636,246,368 – Senate.
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Money = Votes
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Disclose amounts and sources of money for election
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Repealed expenditure limits
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Political Action Committee, raises money privately to influence elections
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A contribution to a political party not to a specific candidate to avoid limits
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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
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To enforce the law, facilitate disclosure and administer the public funding program
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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
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the first publicly funded Presidential election
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streamlined the disclosure process and expand the role of political parties.
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major revisions to the FECA
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Federal Election Commission v. Wisconsin Right to Life, Inc. (2007), Davis v. Federal Election Commission (2008) and Citizens United v. Federal Election Commission (2010)
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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.
