Question

The Bipartisan Campaign Reform Act (BCRA) of 2002 amended the Response area.
Federal Election Campaign Act of 1971 Revenue Act of 1971

Answer 1

The Bipartisan Campaign Reform Act (BCRA) of 2002 primarily amended the Federal Election Campaign Act of 1971. The BCRA aimed to regulate campaign financing more rigorously, particularly in regard to soft money contributions to political parties, and it implemented stricter rules for the disclosure of campaign-related spending.

Key provisions of the BCRA included:

1. **Regulation of Soft Money:** The BCRA prohibited national political parties from raising or spending soft money, which refers to unregulated contributions made to political parties for "party-building" activities.

2. **Limits on Electioneering Communications:** It introduced restrictions on the advertising of political candidates leading up to elections, particularly aimed at limiting the influence of corporations and unions in campaigns.

3. **Increased Contribution Limits:** The act also adjusted the limits on individual contributions to candidates and political parties, but these were generally viewed as a response to inflation and other factors rather than a substantial overhaul of contribution structures.

The act was significant in its attempt to bring transparency and accountability to campaign financing and was the subject of various legal challenges that sought to overturn its provisions and influence on political spending in subsequent years.