diff --git a/apgov/Campaign_Finance.md b/apgov/Campaign_Finance.md new file mode 100644 index 0000000..426f99d --- /dev/null +++ b/apgov/Campaign_Finance.md @@ -0,0 +1,52 @@ +# Campaign Finance + +## Federal Election Campaign Act (FECA) +tightened reporting requirements and put limits on candidates' expenditures. After key race between Nixon and McGovern with $91 mill +## Federal Election Commission +monitor and enforce regulations of the election process. Also sets standards for an election. a PAC must have 50 members, donate to 5 candidates, and register with FEC 6 months before election +## Key Provisions of the 1974 Federal Election Campaign Act +* Limited individual contributions to $1000 per election +* Limited a candidate's own contributions to $50,000 per election +* Definition and Regulation of donations of PACs +* Created public fund to assist viable presidential cadidates +## Hard Money +donation given directly. therefore can be traced and regulated +## Soft Money +donation to party or interest group. therefore not as easily tracked and obscures the actual finances. Allows for massive spending +## Bipartisan Campaign Reform Act (BCRA) +in 2002. banned soft money contributions to national parties. but increased most other amounts in order to accomodate the changes +## Required Court Case: Citizens United v. FEC (2010) +Did the BCRA violate first ammendment? Yes + +spending money from a pac is not a quid pro quo + +## Impact of Citizens United +Debates of free speech and elections heavily increased. +usage of money in elections balooned +## Dark Money +money that does not have any transperancy and is virtually unlimited +## Think as a Political Scientist +### Read the excerpt from James Madison's Federalist No. 10, and explain how it could be used as a justification for the concerns about PACs nad campaign finance. +having a group who is fundraising for canidates would protentially give that group control of the government which would represent them instead of the citizens of the republic + +## Connected PACs +Coorperations, labor unions and trade orgs working together for canidiates. But money must come from donations from the members and not from the company's treasures + +## Nonconnected PACs +no sponsoring organizations and are around a single issue. take donations from the general public. + +## Leadership PACs +type of non-connected PAC. created by current or former elected official . BUT cant be used for their own campaign's fundraising + +## Super PACs +most recent PAC. Opened for larg pacs and unlimited donations + +## Essential Question: How does the organization, finance, and strategies of national political campaigns affect the election process + +1. Factors in Campaign Finance +* unlimited because free speech +* regulations on usage and conflicts of interst + +2. Influence of Factors +* spending money on campaings in order get advertising which would support the +