Table of Contents
Who regulates campaign spending?
The Federal Election Commission (FEC) is the independent regulatory agency charged with administering and enforcing the federal campaign finance law. The FEC has jurisdiction over the financing of campaigns for the U.S. House, Senate, Presidency and the Vice Presidency.
Do political donations have to be reported?
With respect to receipts, the Federal Election Campaign Act (the Act) requires reporting of all receipts, but requires recordkeeping only for contributions. Date of receipt; and. Name and address of source.
Which law was passed that required federal candidates running for office to disclose contributions and document all expenditures related to the campaign?
The FECA, effective April 7, 1972, not only required full reporting of campaign contributions and expenditures, but also limited spending on media advertisements.
Who enforces campaign laws?
The FEC has exclusive jurisdiction over the civil enforcement of the federal campaign finance law.
Where are campaign contributions reported?
House and Senate committees report contributions received from individuals on Form 3, Line 11(a). A contribution from an individual is itemized on Schedule A, supporting Line 11(a)(i), when it: exceeds $200 or.
What information must a campaign disclose to the FEC?
Disclosure of personal information To demonstrate best efforts, political committees must request the full name, mailing address, occupation and name of employer for each individual who contributes more than $200 per election cycle (or calendar year for PACs and party committees).
What laws did the federal government passed to reform political campaign contributions?
Federal Elections Campaign Act and the Watergate Amendments In 1971, however, Congress passed the Federal Election Campaign Act, known as FECA, requiring broad disclosure of campaign finance. Valeo struck down various FECA limits on spending as unconstitutional violations of free speech.
What does FEC enforce?
The Federal Election Commission administers and enforces the laws that govern the financing of elections for federal office—the U.S. House, Senate and President. Other election-related laws are not within the FEC’s jurisdiction.