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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McCain Feingold has redefined what the national parties can do (though the pending Supreme Court decision on it may redefine the redefinition).
In theory, McCain Feingold should prove McAuliffe's undoing.
McCain Feingold has changed the way national conventions are organized.
Indeed, McCain Feingold has thus far dramatically strengthened Republicans and weakened Democrats, just the opposite of what many of its advocates and opponents expected.