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Bipartisan Campaign Reform Act: Difference between revisions
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Text replacement - "George W. Bush" to "George W. Bush"
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| introducedin = House | | introducedin = House | ||
| introducedbill = {{USBill|107|H.R.|2356}} | | introducedbill = {{USBill|107|H.R.|2356}} | ||
| introducedby = [[Christopher H. Shays|Chris Shays]] ( | | introducedby = [[Christopher H. Shays|Chris Shays]] (R–[[Connecticut|CT]]) | ||
| introduceddate = June 28, 2001 | | introduceddate = June 28, 2001 | ||
| committees = [[United States House Committee on House Administration|Committee on House Administration]], [[United States House Committee on Energy and Commerce|House Energy and Commerce]], [[United States House Committee on the Judiciary|House Judiciary]] | | committees = [[United States House Committee on House Administration|Committee on House Administration]], [[United States House Committee on Energy and Commerce|House Energy and Commerce]], [[United States House Committee on the Judiciary|House Judiciary]] | ||
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| agreeddate3 = | | agreeddate3 = | ||
| agreedvote3 = | | agreedvote3 = | ||
| signedpresident = | | signedpresident = George W. Bush | ||
| signeddate = March 27, 2002 | | signeddate = March 27, 2002 | ||
| amendments = | | amendments = | ||
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| alt2 = | | alt2 = | ||
| caption2 = | | caption2 = | ||
| footer = BCRA's lead sponsors, Senator [[John McCain]] ( | | footer = BCRA's lead sponsors, Senator [[John McCain]] (R-[[Arizona|AZ]]) and Senator [[Russ Feingold]] ([[Democratic Party (United States)|D]]-[[Wisconsin|WI]]) | ||
}} | }} | ||
Subsequently, political parties and "watchdog" organizations have filed complaints with the FEC concerning the raising and spending of soft money by so-called "[[527 organization]]s"—organizations claiming tax-exemption as "political organizations" under Section 527 of the [[Internal Revenue Code]] ({{USC|26|527}}), but not registering as "political committees" under the [[Federal Election Campaign Act]], which uses a different legal definition.<ref>[http://www.fec.gov/ans/answers_general.shtml#527 What is a 527 organization?] Federal Election Commission.</ref> These organizations have been established on both sides of the political aisle, and have included high-profile organizations such as the [[Media Fund]] and the [[Swift Boat Veterans for Truth]]. 527s are financed in large part by wealthy individuals, labor unions, and businesses.<ref>{{cite news|last=Justice|first=Glen|title=Finance Battle Shifts to Election Panel|url=https://www.nytimes.com/2004/01/16/politics/campaigns/16DONA.html|newspaper=The New York Times|date=January 16, 2004}}</ref> 527s pre-dated McCain–Feingold but grew in popularity after the law took effect. In May 2004, the FEC voted to not write new rules on the application of federal campaign finance laws to 527 organizations. Although the FEC did promulgate a new rule in the fall of 2004 requiring some 527s participating in federal campaigns to use at least 50% "hard money" (contributions regulated by the Federal Election Campaign Act) to pay their expenses, the FEC did not change its regulations on when a 527 organization must register as a federal "political committee"-prompting Representatives [[Chris Shays|Shays]] and [[Marty Meehan|Meehan]] to file a federal court lawsuit against the FEC for the Commission's failure to adopt a 527 rule. In September, 2007, a Federal District Court ruled in favor of the FEC, against congressmen Shays and Meehan. | Subsequently, political parties and "watchdog" organizations have filed complaints with the FEC concerning the raising and spending of soft money by so-called "[[527 organization]]s"—organizations claiming tax-exemption as "political organizations" under Section 527 of the [[Internal Revenue Code]] ({{USC|26|527}}), but not registering as "political committees" under the [[Federal Election Campaign Act]], which uses a different legal definition.<ref>[http://www.fec.gov/ans/answers_general.shtml#527 What is a 527 organization?] Federal Election Commission.</ref> These organizations have been established on both sides of the political aisle, and have included high-profile organizations such as the [[Media Fund]] and the [[Swift Boat Veterans for Truth]]. 527s are financed in large part by wealthy individuals, labor unions, and businesses.<ref>{{cite news|last=Justice|first=Glen|title=Finance Battle Shifts to Election Panel|url=https://www.nytimes.com/2004/01/16/politics/campaigns/16DONA.html|newspaper=The New York Times|date=January 16, 2004}}</ref> 527s pre-dated McCain–Feingold but grew in popularity after the law took effect. In May 2004, the FEC voted to not write new rules on the application of federal campaign finance laws to 527 organizations. Although the FEC did promulgate a new rule in the fall of 2004 requiring some 527s participating in federal campaigns to use at least 50% "hard money" (contributions regulated by the Federal Election Campaign Act) to pay their expenses, the FEC did not change its regulations on when a 527 organization must register as a federal "political committee"-prompting Representatives [[Chris Shays|Shays]] and [[Marty Meehan|Meehan]] to file a federal court lawsuit against the FEC for the Commission's failure to adopt a 527 rule. In September, 2007, a Federal District Court ruled in favor of the FEC, against congressmen Shays and Meehan. | ||