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The FEC was established in 1974, in an amendment of the Federal Election Campaign Act (FECA), to enforce and regulate campaign finance law. [7] Initially, its six members were to be appointed by both houses of Congress and the president, reflecting a strong desire for Congress to retain control. [7]
The Federal Election Commission maintains this database and publishes the information about campaigns and donors on its website. (Similar reporting requirements exist in many states for state and local candidates and for PACs and party committees.) There are extensive loopholes in campaign finance disclosure rules. [92]
MapLight is a nonpartisan, nonprofit research organization that reveals and tracks the influence of money in politics in the United States. [1] The organization publishes a free public database linking money and politics data sources, including campaign contributions to politicians, how politicians vote on bills, and support and opposition to legislation.
McCutcheon v. Federal Election Commission was a Supreme Court decision that declared imposing an aggregate contribution limit on an individual over a two-year period to national party and federal candidate committees unconstitutional. In a 5–4 decision, Supreme Court Justices decided that this was a violation of the First Amendment.
Under United States law, officially declared candidates are required to file campaign finance details with the Federal Election Commission (FEC) at the end of every calendar month or quarter. Summaries of these reports are made available to the public shortly thereafter, revealing the relative financial situations of all the campaigns.
The hybrid PAC is required to maintain two separate bank accounts for the two types of expenditures, and to register with the Federal Election Commission (FEC) and report all receipts and disbursements for both accounts. [1] In essence, the hybrid PAC is the equivalent of a traditional PAC and a super PAC operating under the same roof.
This program is administered by the Federal Election Commission (FEC). Requirements for a candidate to be declared eligible for funding under the Presidential Election Campaign Fund include agreeing to an overall spending limit, abiding by spending limits in each state, using public funds only for legitimate campaign-related expenses, keeping ...
As of 2023, the individual contribution limit was $41,300 per calendar year. [20] [21] Party committees additionally raise money from small donors, usually defined as individuals contributing of less than $200, the point at which the FEC requires a donors full name to be listed on fundraising reports. [22]