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Created with Fabric.js 1.4.5 Campaign Finance Reform 1920s 19th Amendment- made campaigning more expensive 1924 Democratic campaign- encouraged citizens to financially support a candidate's publicity Amendment to Federal Corrupt Practices Act, 1925- stricter restrictions on campaign spending, more disclosure required 1970s after Watergate Federal Election Campaign Act - - written in 1971, passed in 1974, required disclosure of whohas donated to the campaign and how themoney has been spent, regulations on PACs limited their contribution to $5,000 per candidate for each election, established the Federal Election Commission which allows the public to see where the money goes PAC- political action committee 1976- Buckley v. Valeo, Supreme Court ruled that it was unconstitutional to limit how much money candidates could spendon their own campaigns 1979- amendment created that allowed soft money donations to go to political parties for them to spend as they see fit, unlimited soft money allowed Soft money v hard money- soft: donates to the party and not a specific candidate, hard: money given specifically to a candidate large donations of soft money no longer allowed, currently the limit is no more than $25,000, upheld the Supreme Court case McConnell v Federal Election Commission Bipartisan Campaign Finance Reform Act of 2002- 527 Groups 501 Groups allowed wealthy people to make big contributions(these groups didn't have any restrictions), must report contributions to the IRS, regulated by the FEC but not restricted unlimited anonymous political donations, regulated by the IRS, donations do not have to be reported, cannot spend more than half their funds on political activities companies and unions can now use their own funds to pay for communications with the public in the last 60 days of the federal campaign Citizens United v. Federal Election Commission allowed to express political opinions as long as they don't promote the same message as a certain candidate's campaign PACs-limited to $5,000 a year donation from an individual, raise money and then give this money to candidates Super PACs- can endorse candidates, unlimited donations, report to the FEC, only can express views
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