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Changes
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Federal Election Campagin Ad
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FIrst reform of the Federal Election Cmpaign act (FECA)
-Restricted the amount that could be spent on media
-Limited how much individuals/groups could donate to canidates
-Limited how much canidates/their families could contribute to canidates
-Prevented corporations/labor unions from directly participating in campaigns
-Required disclosure of all contibutions and expenditures of more than $100
-Created the Federal Election Commission (FEC) to administer and enforce the act's provisions -
Supreme Court declares the provision inacted on the 1971 campagian spending limit for being unsontitutional
The Supreme Court ruled it unconsitutional under the first amendment -
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Campaigns funded largely funded by the public purse
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Parties raised almost $463 million through soft money contributions
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Congress passed the Bipartisan Campaign Reform Act
Also known as the McCain-Feingold Act -
%36 of campagin funds spend on house races came from PACs
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Barack Obama refuses federal funding for primaries
First major party canidate in decades to refuse federal funding -
Campagins are getting even more costly in 2011-2012
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501-C4
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FECA allows corporations, labor unions, and special interest groups to set up PACs to raise money for canidates
PACs can contribute $5,000 per canidate per election, but there is no limit on the total amount a PAC contributes during an election cycle