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Campaign Finance in U.S. History, Part 2

Stuff You Missed in History Class

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The History of Campaign Finance Reform

The federal election campaign act was passed into law in 1971, and it went into effect on April 7, 1972. The FECA required that all campaigns report all of their incoming and outgoing finances. It also laid out a lot of regulations for how PACs operated. This led to a lot of problems because there wasn't any kind of regulatory agency or body that could really keep an eye on these rules.

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