passed in 1971 and subsequently amended, this law limited how much money individuals and organizations could give to candidates for national office.
The 1971 law that governs the financing of federal elections; it was amended in 1974, 1976, and 1979. The act requires candidates and political committees to disclose the sources of their funding and how they spend their money; it regulates the contributions received and expenditures made during federal election campaigns; and it governs the public funding of presidential elections.
a law passed in 1971 (and amended in 1974, 1976 and 1979) that limits the financing of campaigns for federal elections. The law requires that candidates and their political committees let the public know who gives them money and how they spend that money. The law also regulates the public funding of presidential elections.