Elections of usa. Elections in the United States

Campaign finance[edit]
Main article: Campaign finance in the United States
The funding of electoral campaigns has always been a controversial issue in American politics. Infringement of free speech (First Amendment) is an argument against restrictions on campaign contributions, while allegations of corruption arising from unlimited contributions and the need for political equality are arguments for the other side.^[33] Private funds are a major source of finance, from individuals and organizations. The first attempt to regulate campaign finance by legislation was in 1867, but major legislation, with the intention to widely enforce, on campaign finance was not introduced until the 1970s.
Money contributed to campaigns can be classified into "hard money" and "soft money". Hard money is money contributed directly to a campaign, by an individual or organization. Soft money is money from an individual or organization not contributed to a campaign, but spent in candidate specific advertising or other efforts that benefits that candidate by groups supporting the candidate, but legally not coordinated by the official campaign.
The Federal Election Campaign Act of 1971 required candidates to disclose sources of campaign contributions and campaign expenditure. It was amended in 1974 to legally limit campaign contributions. It banned direct contributing to campaigns by corporations and trade unions and limited individual donations to $1,000 per campaign. It introduced public funding for presidential primaries and elections. The Act also placed limits of $5,000 per campaign on PACs (political action committees). The limits on individual contributions and prohibition of direct corporate or labor union campaigns led to a huge increase in the number of PACs. Today many labor unions and corporations have their own PACs, and over 4,000 in total exist. The 1974 amendment also specified a Federal Election Commission, created in 1975 to administer and enforce campaign finance law. Various other provisions were also included, such as a ban on contributions or expenditures by foreign nationals (incorporated from the Foreign Agents Registration Act (FARA)