Prior to being banned in 2002 by the mccain feingold act, unlimited monetary contributions that were ermarked for party building expenses at the grassroots level or for generic party advertising were known as

Question

Kian Mcdaniel

Business

2 October, 17:21

Prior to being banned in 2002 by the mccain feingold act, unlimited monetary contributions that were ermarked for party building expenses at the grassroots level or for generic party advertising were known as

+4

Answers (1)

Know the Answer?

Calvin · Answer 1

The answer is soft money. In addition, when cash is funded to a political party with no restrictions involved to the amount that can be acknowledged, this is known as a soft money contribution. The resources can originate from people and political act working group as with hard money but they can also come from any other basis such as company. The law articulates that this money can only be used for party building doings such as supporting the passageway of a law and voter registering and not for supporting a specific aspirant in an election.