Foreword
In 1971, in response to concerns about the corrupting influence of money on Federal political campaigns, Congress passed the Federal Election Campaign Act (FECA), which imposed disclosure requirements on candidates and established the Federal Election Commission (FEC). In 1974, the law was amended to place limits on the amount that individuals could donate to candidates and the amount that those candidates could spend in their races. The law was challenged in Court, and in 1976, the U.S. Supreme Court issued its landmark Buckley v. Valeo decision, which struck down mandatory candidate spending limits as violating free speech but upheld the…
