Understanding Election Campaign Financing
|Principal Writer:||Barry Shatzman|
|Understanding The Issue|
Reported NewsElections: Campaign Finance
Related Court Cases(2014) McCutcheon v. FEC
DID YOU JUST LEARN SOMETHING?
Is it worth a dollar?
News in FiVe is free to read, but it takes time and money to publish.
If you find what we do valuable, please help us continue with a small donation every so often. Even a dollar or three makes a difference.
In return, we'll keep providing you the most relevant, understandable, and accessible news and information.
It's secure and takes only about a minute.
Why is it important to understand campaign financing?
The issue of citizens giving money to candidates for public office is about balancing various aspects...
Your right to express your views about people who might be elected to represent you. One way to express those views is to contribute money to a candidate's election campaign. Most of the money is used to buy campaign ads.
A few people giving the most money can have greater influence on an election (and on the elected representative) than the overwhelming majority of the people whose interests they are elected to represent.
You have the right to express your views anonymously
It helps the public to know if a person, corporation, or industry is providing a large amount of support to a candidate, to help evaluate public policies the representative advocates.
The Federal Elections Campaign Act and Revenue Act
Various laws and Supreme Court decisions have attempted to balance these issues. Here is a brief history of campaign financing regulations...
In 1971, the Federal Election Campaign Act (FECA) and other related bills...
The 1976 Buckley v. Veleo Supreme Court decision
The 1976 Buckley v. Valeo Supreme Court decision...
Bipartisan Campaign Reform Act (McCain-Feingold)
In 2002, the Bipartisan Campaign Reform Act (also referred to as the McCain-Feingold Act)...
Citizens United v. FEC Supreme Court decision
The 2010 Citizens United v. FEC Supreme Court decision invalidated the provision of the Bipartisan Campaign Reform Act prohibiting corporations from their money to influence elections within 30 days of a primary or 60 days of a general election.
McCutcheon v. FEC Supreme Court Decision
In 2014, the Supreme Court ruled in McCutcheon v. FEC that that Congress cannot impose limits on how much someone can contribute overall to election campaigns. Congress still can, however, limit how much someone may contribute to individual candidates.