Campaign finance reform: '527s' emerge to new prominence.
National Voter › Vol. 54 Nbr. 3, June 2005
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Campaign finance reform: '527s' emerge to new prominence.
The 2004 federal elections were the first waged under the Bipartisan Campaign Reform Act of 2002 (BCRA), better known as the McCain-Feingold legislation. Until the implementation of BCRA, "soft money" could be raised in unlimited amounts and from sources otherwise prohibited from funding elections, like corporate and union general treasuries. Soft money was originally intended for "party building" purposes, but by 1996 had become another means by which party committees could run mostly negative ads against particular candidates. By enacting BCRA, legislators banned soft money and...
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