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Planar Protector
Join Date: Nov 2010
Posts: 20,248
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Context for anyone who isn't American...
Quote:
The Bipartisan Campaign Reform Act of 2002 (BCRA), commonly known as the McCain-Feingold Act, is a United States federal law that amended the Federal Election Campaign Act of 1971 to regulate political campaign financing. Chief sponsors Senator John McCain (R-AZ) and Senator Russ Feingold (D-WI) aimed to reduce the influence of large, unregulated donations in federal elections.
The law primarily addressed two issues:
Soft Money Ban: It prohibited national political party committees from raising or spending unregulated "soft money" (large donations from corporations, unions, and individuals) for federal election activities.
Electioneering Communications: It barred corporations and labor unions from using their general treasury funds to broadcast "electioneering communications"—ads that mention a federal candidate within 30 days of a primary or 60 days of a general election.
While the Supreme Court upheld most of the act in McConnell v. FEC (2003), key provisions were later overturned:
The ban on corporate and union electioneering communications was struck down in Citizens United v. FEC (2010).
The "millionaire's amendment" was invalidated in Davis v. FEC (2008).
Biennial aggregate contribution limits were ruled unconstitutional in McCutcheon v. FEC (2014).
Although the Senate version was named after McCain and Feingold, the actual bill that became law was H.R. 2356, introduced by Representatives Chris Shays (R-CT) and Marty Meehan (D-MA), leading to the alternative nickname Shays–Meehan Act. President George W. Bush signed the legislation into law on March 27, 2002.
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