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

Question

Jairo Randolph

Business

1 July, 19:24

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

+5

Answers (1)

Know the Answer?

Raven Wise · Answer 1

The correct answer is soft money.

Soft money is the unregulated money given to the political party and not to a candidate meant for party building. The money can originate from an individual, corporations or political action committee. Hard money on the other hand is regulated money (political donations) by law through the federal election commission. McCain-Feingold act was an act that amended the federal government election campaign act in 1974, which regulates the funding and financing of political parties.