Money and elections quiz Flashcards
is a lot of money spent on the presidential election
yes
what are the five types of private donors
small contributors, wealthy individuals and families, candidates, political action committees, temporary organizations
what are small contributors
people who give the random $20
what do PACs do as a source for campaign money
raise money as special interests groups
how do temporary organizations help with sources
just have the purpose to raise money for a candidate
who oftens holds fundraisers for candidates
celebrities
subsidy
a grant of money, usually from the government
who regulates campaign money
federal government
what does the federal election commission do (FEC)
handles all federal law with campaign finance
what branch is the FEC connected to
executive
what are the 4 things the FEC is supposed to do
- ) require campaigns to release their financial info in a timely manner
- ) place limits on campaign contributions
- ) place limits on campaign expenditures
- ) provide public funding for the presidential election
what are the 6 restrictions on campaign donations
- ) no individual or group can make a contribution in the name of another
- ) cash gifts can not be more than $100
- ) no money can originate from a foreign country
- ) must be made directly to the campaign itself
- ) $200 or over must be logged by name and date
- ) $5000 and over must be reported to the FEC within 48 hours
what are the limits to what a person is a loud to give to candidates (4)
- ) no more than 2,400 to candidates general election campaign
- ) no more than 5,000 a year to a political action committee
- )no more than 28,500 a year to a nation party committee
- ) no more than 108,200 in an election cycle total
what do PACs want to do
impact public policies
what are the two types of PACs
connected and unconnected
connected PACs
- known as “segregated fund committee”
- can only seek money from their members, not public
- each have some sort of parent organization
unconnected PACs
- independent and not connected with a parent organization
- most are ideological
- can raise money front the public
what are the limits to PACs donations
- can not give more than $5,000 to a federal candidate
- can give up to 5,000 to as many candidates
- can give $15,000 year to political parties
what decision chnaged some of the laws on limiting federal campaign spending
Buckley v. Valeo Supreme Court decision
what did the buckley decision state
limits stop peoples first amendment rights
money= free speech
any presidential candidate who takes federal subsidies must agree to limited spending
how can a candidate receive public money (3)
pre-convention campaigns
national conventions
presidential election campaigns
pre-convention campaigns
candidate must have at least $100,000 in contributions from individuals
must come from 20 states and can not take more than $250 from each contributor
national conventions
each party can receive a grant from FEC to pay for its convention
presidential election campaigns
money from FEC… but if you take it, you cant spend more than what you receive
