passed in 1971 and subsequently amended, this law limited how much money individuals and organizations could give to candidates for national office.
The 1971 law that governs the financing of federal elections; it was amended in 1974, 1976, and 1979. The act requires candidates and political committees to disclose the sources of their funding and how they spend their money; it regulates the contributions received and expenditures made during federal election campaigns; and it governs the public funding of presidential elections.
a law passed in 1971 (and amended in 1974, 1976 and 1979) that limits the financing of campaigns for federal elections. The law requires that candidates and their political committees let the public know who gives them money and how they spend that money. The law also regulates the public funding of presidential elections.
Congressional legislation enacted in 1971 and amended in 1974, 1976, and 1979. FECA incorporates all federal law pertaining to federal elections. Limits individual contributions to $1,000 per election to a federal candidate; $5,000 to a PAC per calendar year; $20,000 to a national party per calendar year; and an aggregate of $25,000 per year to all federal candidates, PACs, and national parties. Also limits PAC contributions to federal candidates to $5,000 per election.
The Federal Election Campaign Act (FECA) is a United States federal law passed in 1971 to increase disclosure of contributions for federal campaigns, and amended in 1974 to place legal limits on the campaign contributions. The amendment also created the Federal Election Commission (FEC). Some of the legal limits were changed in the Bipartisan Campaign Reform Act of 2002.