McCain-Feingold Act

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McCain-Feingold Act

Legislation in the United States, passed in 2002, that changed the way that campaigns for federal political offices are financed. It banned soft money contributions, which were unregulated, usually large, contributions to the national party committees, instead of individual candidates. It also required political advertisements to state what person or group paid for them.
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The leaders of the grassroots bipartisan Americans For Reform (AFR) coalition will unveil a new television ad supporting the McCain Feingold campaign finance reform bill at 11 a.
McCain Feingold has changed the way national conventions are organized.