Campaign finance (Edexcel A-Level Politics): Flashcards

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Campaign Finance Role and Key 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 & spending limits

Year FEC created

1974

1974 individual limit per candidate per election

$1,000

Buckley v. Valeo 1976 outcome

Struck down spending limits citing First Amendment rights

527 organizations feature

Can raise unlimited funds for issue advocacy, not candidates

Soft money definition

Unregulated funds not subject to federal limits for parties

McCain-Feingold Act 2002 main ban

Soft money by national political parties

McCain-Feingold issue ad restriction timeframe

30 days of primary, 60 days of general election

Obama 2008 private donations raised

Over $750 million

Citizens United v. FEC 2010 ruling

Removed restrictions on corporate & union campaign spending

Super PACs spending limits

Unlimited, but cannot directly coordinate with campaigns

2020 election total spending

$14 billion

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