5.1.1.3 Campaign Finance legislation

Question 1

campaign finance legislation

1974 Federal Elections Commission reform

Answer 1

• amendment creates the FEC to oversee and regulate election spending
• limits individual donations to a single campaign to $1000
• limits campaign spending

Question 2

campaign finance legislation

1971 Federal Elections Campaign Act

Answer 2

• lays out requirements for the disclosure of donations recieved by candidates over $100 and sets spending limits for candidates and their families
• $50,000 for presidential elections
• also establishes matching funds (small amount of government funding)

Question 3

campaign finance legislation

1976 Buckley v Valeo

Answer 3

• upholds donation limits for elections but rules that spending caps amount to a violation of free speech

Question 4

campaign finance legislation

1979 Amendment to the Federal Elections Campaign Act

Answer 4

• allows for the development of soft money

Question 5

campaign finance legislation

2002 Bipartisan Campaign Finance Reform Act (McCain-Feingold)

Answer 5

• bans soft money to national parties
• raises individual contribution limits to $2000 per candiadte per election (hard money)
• corporations banned from funding issue advertisements

Question 6

campaign finance legislation

2010 Citizens United v. FEC

Answer 6

• determines money is free speech
• campaign limits placed on organisations are unconstitutiona;
• gives rise to the creation of Super-PACs

Question 7

campaign finance legislation

2014 McCutcheon v. FEC

Answer 7

• rules the aggregate cap placed on individuals limiting the number of candidates they can donate to within an election cycle is unconstitutional