For presidential elections, the FECA instituted a public financing system to level the playing field and limit the amount of money spent on campaigning. During the primaries, there is a matching program where the government will match up to $250 of each contribution made to eligible candidates. In return, they agree to limit their spending. The other program is during the general election; the president receives a lump sum of money and in return they do not accept any further private donations.
The major provision to the FECA that resulted from the misuse of money and Watergate scandal is the prohibition of donations directly from corporations, labor organizations, and national banks. There were also prohibitions against donations from government contractors, foreign nationals, ca...
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... 2 Mar. 2011.
Mann, Thomas E. "Citizens United v. Federal Election Commission Is an Egregious Exercise of Judicial Activism." Brookings Institute. 26 Jan. 2010. Web. 2 Mar. 2011.
Mann, Thomas E. "Money in 2008: A Collapse of the Campaign Finance Regime?" Evolution and Revolution in the Nominations Process. Rowman and Littlefield, 2009. Print.
Martin, Patrick. "Corporate Cash Floods US Congressional Elections." The Market Oracle. Global Research, 2010. Web. 2 Mar. 2011.
McCorkle, Mac. Lecture Notes. February 9, 2011
"The Oyez Project, Buckley v. Valeo." Oyez U.S. Supreme Court Media. IIT Chicago-Kent College of Law. Web. 3 Mar. 2011.
Weeks, Linton. "Did Obama Kill Public Campaign Finance." National Public Radio. 22 Oct. 2008. Web. 2 Mar. 2011.
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