Basics of the Law

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Basics of the Law

• No Party Soft Money
• No Candidate Soft Money Fundraising
• Electioneering Communications
• Other Provisions
• Millionaires
• Contribution Limits

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No Party Soft Money

• How much change?
• 250 million Each in 2000 and 2002
• 50 of Democratic national receipts, 36 for
  Republicans
• 67 from corporations, unions, and groups
• What Effect?
• Early fundraising in 2003

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Electioneering Communications

• Only broadcast, close to elections, targeted to
  electorate
• No prohibited sources (corporations, unions,
  foreign nationals)
• Disclosure

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Other Provisions

• Contribution Limits
• Millionaires

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Common Myths and Confusion

• BCRA Bans Issue Ads
• It restricts some funding sources and requires
  some disclosure
• Parties cant coordinate with candidates
• Rules for Independent Expenditures Unchanged
• Greater restrictions on ads that promote,
  support, attack, oppose
• Electioneering Communications Require Hard Money
• Unlimited Individual Contributions permitted