First 341 words of the document:
Election Campaign Finance Reform
Soft money: This is the election campaign money goes undirectly to the
candidat; money that can not be regulated by the federal government. It is given
to the parties' Conventions
Hard money: This is election campaign money that goes directly to the
candidate, and it is regulated by federal government. Individuals can give no more
$2,500, and thanks to Citizens United case, corporations can also donate this way.
PACs: These are political action committees, which collects campaign
donations and pools them together to give to the candidate, to help fund their
election campaign. Under FECA, an organisation comes a PAC when it gives $1,000
to influence an election at the federal level. These are often used by pressure
groups to allow them to influence an election, for example the NRA's PAC is called
the Political Victory Fund, which it used to fund Bush and McCain, and oppose
Super PACs: These are political action committees which run free from
regulation of how much money they may use, created after Citizens United v FEC.
They do not donate to the candidates or parties, but rather spend independently of
campaigns- like creating adverts for candidates, funded by the donors to the Super
PAC. Super PAC donors thus are not donating directly to the candidate or campaign;
but rather to extra material to held in the campaign. There was a rise of these in
2012 elections, for example Romney's campaign Super PAC Restore our Future
spent $40 million.
527 groups: 527 groups are groups that are tax exempt, and set up to
help influence an election, federal or otherwise. Technically, PACs and Super PACs
are 527 groups, but 527 groups are ones specifically which do not declare
themselves to a particular candidate; they campaign on issues etc. For example, the
Swift Boat Veterans For Truth, a 527, in 2004, released a campaign video
questioning John Kerry's military record.