Question

How do political parties raise money and how does congress regulate fundraising?

Answer 1

Voters, business groups, labor unions, and many other organizations contribute money to the political party that they believe best represents their interests. To limit political contributions, Congress passed the Federal Election Campaign Act (FECA) in 1972. They also passed the Bipartisan Campain Reform Act (BCRA) in 2002, which revised the contribution limits.