Campaign Finance 1
What does a PAC stand for?
Political Actions Committee
campaign contributions and independent expenditures
Define contribution limits
How much money an individual can contribute
The Stand by your Ad provision is a part of this law.
McCain-Feingold Act
How much money can a PAC give to a candidate committee per election or primary
$5000
What do PACS do?
Influence elections on a local, state, or federal level
Name one requirement of FECA.
who contributed, how much, how money is spent
What is the difference between hard and soft money?
Hard money are donations made directly to a campaign. Soft money is not donated to a campaign, but instead an activity or issue advertising
What 3 effects do campaigns have on voters?
Reinforcement, activation, and conversion
What is a 501(c)4 groups
Non profit, tax-exempt groups commonly referred to as "social welfare" groups
Who was the first president to reject public financing?
Obama
Why are candidates increasingly opting out of public financing?
They can get more money from private donations
What does FECA stand for?
Federal Election Campaign Act
What are 527s?
Independent groups that seek to influence political process but are not subject to contribution restricts because they do not directly seek election of particular candidates
________ V.S __________ declared parts of the bipartisan campaign reform act unconstitutional because the regulations restricted "free speech"
Citizens United vs F.E.C.
What percentage of taxpayers check off the box that allocates $3 to the federal election campaign fund?
7%
Where are the 2 places that private donations come from
Individuals and PAC's
Define disclosure laws
Requires a candidate to disclose who and how much money a person gave
Money, like ____________, inevitably finds its way around any obstacle.
WATER
What does the phrase matching funds mean?
This is when public money is given to presidential candidates to fund their campaign
Loophole
What was declared unconstitutional in Buckley v. Valeo
Limitations on expenditures to someone's own campaign
The 2002 FEC provision Hillary the Movie violated
No paid electioneering by corporations or unions 60 days before an election
Describe the characteristics of a Super PAC.
Raise and spend unlimited $
Cannot coordinate with any campaign
Must disclose to FEC
The election where Super PACs rose to prominence.
2012