Federal Election Campaign Act.

About Federal Election Campaign Act

The Federal Election Campaign Act of 1971 is the primary United States federal law regulating political campaign fundraising and spending. The law originally focused on creating limits for campaign spending on communication media, adding additional penalties to the criminal code for election law violations, and imposing disclosure requirements for federal political campaigns. The Act was signed into law by President Richard Nixon on February 7, 1972.WHEN I vetoed the bill to limit expenditures on political broadcasting in October of 1970, I pointed out that the goal of controlling campaign expenditures was a highly laudable one. The chief problem with the bill then before me was that it did not limit overall costs but applied only to radio and television. As I put it then, it plugged "only one hole in a sieve."