Campaign Finance Role and Legislation: McCain-Feingold and Citizens United (Edexcel A-Level Politics): Flashcards

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Campaign Finance Role and Legislation: McCain-Feingold and Citizens United
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Campaign finance

Funds raised/spent to promote candidates, parties, or policies

FECA 1971 purpose

Established disclosure requirements and spending limits

Body created by 1974 FECA amendment

Federal Election Commission (FEC)

Buckley v. Valeo 1976 ruling

Struck down spending limits citing First Amendment rights

Soft money

Unregulated party funds not subject to federal limits

McCain-Feingold Act 2002 main ban

Banned soft money by national political parties

McCain-Feingold issue ad restrictions

Within 30 days of primary or 60 days of general election

Obama 2008 private donations total

Over $750 million

Citizens United v. FEC 2010 ruling

Removed restrictions on corporate/union campaign spending

Super PACs characteristic

Can raise/spend unlimited but can't coordinate with candidates

2020 election total spending

Approximately $14 billion

527 organisations

Can raise unlimited funds for issue advocacy, not direct candidate support

First Amendment role in campaign finance

Used to justify unlimited spending as free speech

2016 Clinton vs Trump spending outcome

Clinton outspent Trump but lost election

McCain-Feingold Act year

2002

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