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# Campaign Finance |
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## Federal Election Campaign Act (FECA) |
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tightened reporting requirements and put limits on candidates' expenditures. After key race between Nixon and McGovern with $91 mill |
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## Federal Election Commission |
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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 |
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## Key Provisions of the 1974 Federal Election Campaign Act |
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* Limited individual contributions to $1000 per election |
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* Limited a candidate's own contributions to $50,000 per election |
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* Definition and Regulation of donations of PACs |
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* Created public fund to assist viable presidential cadidates |
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## Hard Money |
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donation given directly. therefore can be traced and regulated |
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## Soft Money |
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donation to party or interest group. therefore not as easily tracked and obscures the actual finances. Allows for massive spending |
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## Bipartisan Campaign Reform Act (BCRA) |
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in 2002. banned soft money contributions to national parties. but increased most other amounts in order to accomodate the changes |
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## Required Court Case: Citizens United v. FEC (2010) |
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Did the BCRA violate first ammendment? Yes |
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spending money from a pac is not a quid pro quo |
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## Impact of Citizens United |
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Debates of free speech and elections heavily increased. |
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usage of money in elections balooned |
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## Dark Money |
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money that does not have any transperancy and is virtually unlimited |
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## Think as a Political Scientist |
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### 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. |
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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 |
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## Connected PACs |
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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 |
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## Nonconnected PACs |
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no sponsoring organizations and are around a single issue. take donations from the general public. |
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## Leadership PACs |
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type of non-connected PAC. created by current or former elected official . BUT cant be used for their own campaign's fundraising |
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## Super PACs |
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most recent PAC. Opened for larg pacs and unlimited donations |
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## Essential Question: How does the organization, finance, and strategies of national political campaigns affect the election process |
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1. Factors in Campaign Finance |
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* unlimited because free speech |
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* regulations on usage and conflicts of interst |
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2. Influence of Factors |
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* spending money on campaings in order get advertising which would support the |
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