AMERICAN GOVERNMENT Chapter 7, Section 3 Funsheet Key

1. The standard we are covering is SSCG8. 2. The Federal Election Commission (FEC) administers all federal law dealing with campaign finance. 3. Two sources of campaign funding are: a. Private contributors b. Public treasury 4. Five sources of private contributions are: a. Small contributors b. Wealthy contributors c. Self contributions d. PACs e. Fundraisers 5. Political Action Committees (PACs) are the political extension of specialinterest groups which have a major stake in public policy. 6. A subsidy is a grant of money, usually from the government. 7. Hard money is money raised and spent to elect candidates for Congress and the White House. 8. Soft money is money given to state and local party organizations for voting-related activities. 9. The Bipartisan Campaign Reform Act (BCRA) of 2002 bans soft-money contributions to political parties.