1、1 The FECA distinguishes between expenditures, money spent to communicate election messages,and contributions, money given to others (candidates, parties, or PACs) to make expenditures forelection messages. Limits apply to calendar year unless otherwise stated; for limits applied ona “per election”
2、basis, primary, general, and runoff elections are counted separately. Limitsshown here reflect all inflation adjustments for the 2007-2008 election cycle, as required by law.Order Code 97-1040 GOVUpdated January 24, 2007Campaign Financing: Highlights andChronology of Current Federal LawJoseph E. Can
3、torSpecialist in American National GovernmentGovernment and Finance DivisionSummaryCurrent law governing financial activity of federal election campaigns is based ontwo principal statutes: the Federal Election Campaign Act (FECA) of 1971, as amendedin 1974, 1976, 1979, and 2002, and the Revenue Act
4、of 1971. These laws were enactedto remedy a widely perceived failure of prior law the Corrupt Practices Act of 1925 and in response to alleged abuses over the years. This report summarizes majorprovisions of federal law and offers a chronology of key legislative and judicial actions.The FECA feature
