Honors US Government
The Bipartisan Campaign Reform Act (BCRA), also known as McCain-Feingold Act, is a federal law passed in 2002 aimed at regulating campaign financing, particularly in the context of political advertisements and soft money contributions. This legislation sought to address the growing concerns about the influence of money in politics, especially following the Supreme Court's ruling in Buckley v. Valeo, which allowed for unlimited spending by individuals and groups. BCRA imposed restrictions on the use of soft money, limited individual contributions, and required disclosure of campaign ad sponsors, aiming to create a more transparent electoral process.
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