McCain-Feingold Act

by deceneu on Fri 01/06/2023 06:20 PM

The McCain-Feingold Act, also known as the Bipartisan Campaign Reform Act of 2002, is a US federal law that aims to regulate campaign finance and reduce the influence of special interests in elections. The Act was sponsored by Senators John McCain and Russ Feingold, who were both concerned about the increasing amounts of money being spent on political campaigns and the influence of special interest groups.

The McCain-Feingold Act has several key provisions, including:

A ban on unlimited "soft money" contributions to national political parties from corporations, unions, and other organizations;

Restrictions on the use of corporate and union treasury funds for campaign purposes;

Requirements for disclosure of campaign contributions and expenditures;

A ban on campaign advertisements paid for by corporations or unions in the 60 days before a general election and 30 days before a primary election.

The Act has been the subject of legal challenges, and some of its provisions have been struck down by the Supreme Court. However, it remains an important piece of legislation that has had a significant impact on campaign finance in the United States.

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