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Flashcards in Money and elections quiz Deck (24)
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1

is a lot of money spent on the presidential election

yes

2

what are the five types of private donors

small contributors, wealthy individuals and families, candidates, political action committees, temporary organizations

3

what are small contributors

people who give the random $20

4

what do PACs do as a source for campaign money

raise money as special interests groups

5

how do temporary organizations help with sources

just have the purpose to raise money for a candidate

6

who oftens holds fundraisers for candidates

celebrities

7

subsidy

a grant of money, usually from the government

8

who regulates campaign money

federal government

9

what does the federal election commission do (FEC)

handles all federal law with campaign finance

10

what branch is the FEC connected to

executive

11

what are the 4 things the FEC is supposed to do

1.) require campaigns to release their financial info in a timely manner
2.) place limits on campaign contributions
3.) place limits on campaign expenditures
4.) provide public funding for the presidential election

12

what are the 6 restrictions on campaign donations

1.) no individual or group can make a contribution in the name of another
2.) cash gifts can not be more than $100
3.) no money can originate from a foreign country
4.) must be made directly to the campaign itself
5.) $200 or over must be logged by name and date
6.) $5000 and over must be reported to the FEC within 48 hours

13

what are the limits to what a person is a loud to give to candidates (4)

1.) no more than 2,400 to candidates general election campaign
2.) no more than 5,000 a year to a political action committee
3.)no more than 28,500 a year to a nation party committee
4.) no more than 108,200 in an election cycle total

14

what do PACs want to do

impact public policies

15

what are the two types of PACs

connected and unconnected

16

connected PACs

-known as "segregated fund committee"
-can only seek money from their members, not public
-each have some sort of parent organization

17

unconnected PACs

-independent and not connected with a parent organization
- most are ideological
- can raise money front the public

18

what are the limits to PACs donations

-can not give more than $5,000 to a federal candidate
- can give up to 5,000 to as many candidates
- can give $15,000 year to political parties

19

what decision chnaged some of the laws on limiting federal campaign spending

Buckley v. Valeo Supreme Court decision

20

what did the buckley decision state

limits stop peoples first amendment rights
money= free speech
any presidential candidate who takes federal subsidies must agree to limited spending

21

how can a candidate receive public money (3)

pre-convention campaigns
national conventions
presidential election campaigns

22

pre-convention campaigns

candidate must have at least $100,000 in contributions from individuals
must come from 20 states and can not take more than $250 from each contributor

23

national conventions

each party can receive a grant from FEC to pay for its convention

24

presidential election campaigns

money from FEC... but if you take it, you cant spend more than what you receive