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Campaign Finance
Campaign Finance and Citizens United vs the FEC
| Term | Definition |
|---|---|
| Bipartisan Campaign Reform Act (BCRA) of 2002 | Also known as McCain-Feingold Act (2002), it aimed to address "soft money" contributions by banning them at the national party level and restricting "electioneering communications" close to elections. |
| Hard Money | Contributions directly given to a candidate's campaign, subject to strict FEC limits. |
| Soft Money | Unregulated funds given to political parties for "party-building activities," not directly tied to a specific candidate. |
| Super PACs | Political Action Committees (PACs) that can raise and spend unlimited funds to support or oppose candidates but cannot coordinate directly with campaigns. |
| Organizations and Nonprofit Groups | Can engage in some political activity but are not required to disclose donors, often used for "dark money." |
| Stand by Your Ad Provision | A requirement from the Bipartisan Campaign Reform Act (BCRA) of 2002 mandating that candidates and political organizations include a clear disclaimer in their advertisements. It typically includes the phrase, “I’m [Candidate's Name], and I approve this message.” |
| Independent Expenditures | Super PACs spend money on political advertising in support of or against a particular candidate. Not coordinated with a particular candidate's campaign, authorized candidate committee or political party committee.[ |
| Citizens United Ruling | The Supreme Court held that corporations and unions can spend unlimited amounts on independent political expenditures, asserting this is protected free speech under the First Amendment. The decision overturned parts of BCRA related to electioneering communications |
| Electioneering Communications | is any broadcast, cable or satellite communication that refers to a clearly identified federal candidate, is publicly distributed within 30 days of a primary or 60 days of a general election and is targeted to the relevant electorate |
| Impact of Citizens United Ruling | It led to a surge in outside spending in elections, largely through Super PACs. |
| The F.E.C. | Federal Elections Commission. Headed up by 3 Commissioners. An independent regulatory agency charged with administering and enforcing the federal campaign finance law. |
| Regulations | Rules made by a government or other authority in order to control the way something is done or the way people behave. |