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52 lines
2.7 KiB
52 lines
2.7 KiB
# 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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