Chapter 10: Money

Question 1

There are no limitations on how much money can be spent by any candidate for both houses of congress

Answer 1

Federal Election Campaign Reform Act of 1971 & 1974 Amendments

Question 2

Who has spending limitations when matching funds are sought

Answer 2

The Predesident

Question 3

What must you do to get matching funds

Answer 3

Must receive 5% of the vote

Question 4

Created the federal election commission with members appointed by the president and then confirmed by senate

Answer 4

Federal Election Campaign Reform Act of 1971 & 1974 Amendments

Question 5

Given to candidates and parties during nomination and general election phases

Answer 5

Federal Funds

Question 6

Spending limits on PACS restrict freedom of speech

Answer 6

Buckley v. Valeo (1976)

Question 7

Money can be spent on behalf of a candidate but not directly given to them

Answer 7

Buckley v. Valeo (1976)

Question 8

Money given directly to political parties and not the candidate

Answer 8

Soft Money

Question 9

Advertising advocating a particular position on an issue

Answer 9

Issue Ads

Question 10

Unlimited soft money can be spent for advertising as long as there is no mention of the candidate in the ad

Answer 10

Colorado Republican Committee v. FED (1986)

Question 11

Unlimited Spending because ads deal with the issues and not the candidates

Answer 11

Colorado Republican Committee v. FED (1986)

Question 12

Could punish the candidate the group opposes

Answer 12

Issue Attack Ads

Question 13

Bans soft money in federal elections and national parties (can only use hard money/federal funds)

Answer 13

Bipartisan Campaign Finance Reform Act of 2002 (McCain-Feingold Law)

Question 14

Issue ad Restrictions

Answer 14

-No longer funded by corporations
-Must disclose identity
-State that they support their message

Question 15

Supreme Court upheld provisions of the BCRA of 2002

Answer 15

McConnell v. FED (2003)

Question 16

Most comprehensive ruling since Buckley v. Valeo

Answer 16

McConnell v. FED (2003)

Question 17

Limiting the amount of money businesses, union, and other groups can spend on their own efforts to elect or defeat candidates for office is unconstitutional

Answer 17

Citizens United v. FEC (2010)

Question 18

May accept unlimited donations for political spending

Answer 18

Super Pacs

Question 19

Cannot coordinate with candidates or directly fund campagins

Answer 19

Super Pacs

Question 20

PACS:

Answer 20

Political Action Committees

Question 21

To qualify for public funds, a candidate must raise at least 5,000 in each of 20 states

Answer 21

Federal Matching Funds

Question 22

These provisions are to encourage candidates to rely mainly on small contributions form average voters

Answer 22

Federal Matching Funds