Campaign%20Finance

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Campaign Finance
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Corrupt Practices Act

• First passed in 1925
• Limits primary and general election contributions
• Requires disclosure of expenses
• Too many loopholes

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Hatch Act

• Political Activities Act of 1939
• Limits civil servants
• Spending limits
• 3 mil per group
• 5K per individual

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Federal Election Campaign Act

• Replaced previous laws
• No overall spending limit
• Media spending limited
• Limited candidate contributions to own campaign
• Buckley v. Valeo

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Further reforms

• Passed in 1974
• Created FEC
• Public Financing, with limit
• Limited contributions
• Required Disclosure
• PACs
• Created to allow Unions and Corporations to
  donate
• Can donate 5K
• 50 donors Contribute to 5 candidates
• Bipartisan Campaign Finance Reform Act of 2002
• Bans Unlimited Contributions to National
  Political Parties
• State and local can receive 10K per IND
• Raised IND contributions to 2K/95K

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Independent Expenditures

• 527 Groups
• Issue advocacy
• No Limits (soft money)
• Citizens United v. FEC
• Money speech No limits on corporate
  contributions
• SuperPACs

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