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-Restricted the amount that could be spent on media
-Limited how much individuals/groups could donate to canidates
-Limited how much canidates/their families could contribute to canidates
-Prevented corporations/labor unions from directly participating in campaigns
-Required disclosure of all contibutions and expenditures of more than $100
-Created the Federal Election Commission (FEC) to administer and enforce the act's provisions -
The Supreme Court ruled it unconsitutional under the first amendment
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Also known as the McCain-Feingold Act
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First major party canidate in decades to refuse federal funding
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PACs can contribute $5,000 per canidate per election, but there is no limit on the total amount a PAC contributes during an election cycle