Campaign Finance Showdown

Are limits on “soft money” and “issue ads” valid?


The first major overhaul of campaign finance law in a generation just went into effect. The Bipartisan Campaign Reform Act — the so-called McCain-Feingold law — bans “soft money,” the unregulated funds given to political parties by corporations, unions and wealthy donors. It also regulates funds raised for election-time radio and television advertising by corporations, unions or advocacy groups. A broad coalition of plaintiffs — political party organizations, corporate and labor interests and advocacy groups — say the law is an unconstitutional restriction on political speech and activity. A federal court is due to hear arguments on Dec. 4, in time for a final Supreme Court ruling by summer.

At the National Rifle Association's 2000 annual meeting, President Charlton Heston criticizes the pro-gun control stance taken ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles