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Campaign finance reform is the political effort in the United States to change the involvement of money in politics, primarily in political campaigns.Although attempts to regulate campaign finance by legislation date back to 1867, the first successful attempts nationally to regulate and enforce campaign finance originated in the 1970s. The Federal Election Campaign Act (FECA) of 1972 required candidates to disclose sources of campaign contributions and campaign expenditures. It was amended in 1974 with the introduction of statutory limits on contributions, and creation of the Federal Election Commission (FEC). It attempted to restrict the influence of wealthy individuals by limiting individual donations to $1,000 and donations by political action committees (PACs) to $5,000.
Wiki User
∙ 9y ago
Wiki User
∙ 9y agoThe funds could detract from the opponents of the above. Campaign funds is the subject heading under which all books dealing with money in politics are catalogued by the Library of Congress.
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