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Old 04-30-2008, 08:45 PM   #5
shayonsaleh
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Join Date: Apr 2007
Location: North Carolina
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Federal Election Campaign Act (FECA) (1971) -- Allows corporations, unions, and trades associations to form political action committees as a means of raising campaign funds.
Federal Election Commission (FEC) (1975) -- Commission that regulates campaign finance laws. It records expenditures of all campaigns as well.
Buckley v. Valeo (1976) -- Supreme Court case that upheld federal limits on campaign contributions and stated campaign donations are a form of free speech.
Bipartisan Campaign Reform Act (BCRA) (2002) -- Prohibits national political party committees from raising funds that are not subject to limits. Also prohibits "issue ads" that are paid from corporations.

All the four topics deal with campaign finance reform. Since the 1970s, campaign financing has gone under much criticism, especially business or corporate donations.

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Nice question. I hadn't really thought about campaign finance as a possible essay topic, but it's quite pertinent this year isn't it?

Next Question:
  1. Why is it especially hard for third parties in the United States to gain standing? Why is it hard for them to elect presidents or other officials?
  2. Name an influential third party in U.S. history and why it was important.
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