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Originally posted by deltaboy
wat the heck is waterway? ooooo u mean watergate? right? is it waterway or watergate?
Originally posted by TrueLiessimilar no?
Perhaps there is hope, but it's the duty of american people to stand up to this horsesht and demand change. I was taught the people could hire and fire their representatives, no?
Originally posted by deltaboy
wat the heck is waterway? ooooo u mean watergate? right? is it waterway or watergate?
Originally posted by whaaa
I can't believe that you are criticzing anyones spelling lol.
Originally posted by deltaboy
imagine dat sombody say Nixon was impeached because of waterway...would u say huh?
In 1971 The Federal Elections Campaign Act was passed, banning corporate campaign contributions.
The Federal Election Campaign Act of 1971 (P.L. 92-225), together with the 1971 Revenue Act (P.L. 92-178), initiated fundamental changes in Federal campaign finance laws. The FECA, effective April 7, 1972, not only required full reporting of campaign contributions and expenditures, but also limited spending on media advertisements.2 (These limits were later repealed.)
The FECA also provided the basic legislative framework for separate segregated funds,3 popularly referred to as PACs (political action committees), established by corporations and unions. Although the Tillman Act and the Taft-Hartley Act of 1947 banned direct contributions by corporations and labor unions to influence Federal elections, the FECA provided an exception whereby corporations and unions could use treasury funds to establish, operate and solicit voluntary contributions for the organization's separate segregated fund (i.e., PAC). These voluntary donations could then be used to contribute to Federal races.
Comprehensive amendments to the FECA (P.L. No. 93-443) established the Federal Election Commission, an independent agency to assume the administrative functions previously divided between Congressional officers and GAO.