Public funding of federal elections originally proposed by President Roosevelt in 1907 began to take shape in 1971 when Congress set up the income tax checkoff to provide for the financing of Presidential general election campaigns and national party conventions.
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Essentially, the Court's ruling permits corporations and labor organizations to use treasury funds to make independent expenditures in connection with federal elections and to fund electioneering communications.The ruling did not affect the ban on corporate or union contributions or the reporting requirements for independent expenditures and electioneering communications. Federal campaign finance law covers three broad subjects, which are described in this brochure: This brochure provides general information only.The Commission is studying the Court's opinion and will provide additional guidance as soon as possible. The descriptions of the law and the Commission are not intended to be exhaustive.The Federal Election Commission (FEC) is the independent regulatory agency charged with administering and enforcing the federal campaign finance law. For more information on the subjects discussed in this brochure, call, write or visit: As early as 1905, President Theodore Roosevelt recognized the need for campaign finance reform and called for legislation to ban corporate contributions for political purposes.The FEC has jurisdiction over the financing of campaigns for the U. In response, Congress enacted several statutes between 19 which, taken together, sought to: In 1971, Congress consolidated its earlier reform efforts in the Federal Election Campaign Act (FECA), instituting more stringent disclosure requirements for federal candidates, political parties and political action committees (PACs).Still, without a central administrative authority, the campaign finance laws were difficult to enforce.