BCRA Meaning and
Definition
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The term BCRA stands for Bipartisan Campaign Reform Act. It is a piece of legislation passed by the United States Congress in 2002, also known as the McCain-Feingold Act after its primary sponsors, Senators John McCain and Russ Feingold. The purpose of the BCRA was to reform and regulate campaign financing and funding in federal political campaigns.
This act was introduced to address growing concerns about the influence of money in politics, particularly the significant contributions made by individuals, corporations, and unions. The BCRA established several key provisions to regulate campaign finance practices, such as prohibiting "soft money" contributions to political parties, which were viewed as a means to bypass campaign finance limits. It also set restrictions on funding for political advertisements, such as the famous "electioneering communications" provision, which regulated broadcast advertisements that mentioned a federal candidate 30 days before a primary election or 60 days before a general election.
Furthermore, the BCRA aimed to enhance transparency by mandating disclosure requirements for certain campaign-related activities and expenditures. This included provisions for the reporting and disclosure of independent expenditures, electioneering communications, and campaign finance records.
Overall, the BCRA was designed to reduce the influence of money in federal political campaigns, promote fairness and transparency, and ultimately strengthen democracy by increasing accountability in the campaign finance process.
Common Misspellings for BCRA
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