2016 Postmortem
In reply to the discussion: Breaking news: FEC 639 pages of Sanders "excessive, prohibited, and impermissible contributions". [View all]still_one
(92,190 posts)"In 1971, Congress passed the Federal Election Campaign Act (FECA), instituting various campaign finance disclosure requirements for federal candidates (those running for the House, the Senate, the President and the Vice President), political parties, and political action committees. In 1974, Congress passed amendments to the FECA establishing a comprehensive system of regulation and enforcement, including public financing of presidential campaigns and the creation of a central enforcement agency, the Federal Election Commission. The new regulations included limits on campaign finance, including caps on (1) individual contributions to candidates, (2) contributions to candidates by political committees (commonly known as Political Action Committees, or PACs), (3) total campaign expenditures, and (4) independent expenditures by individuals and groups "relative to a clearly identified candidate."
https://en.wikipedia.org/wiki/Campaign_finance_in_the_United_States#History_of_federal_campaign_finance_reform