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What were the main features of the federal election campaign act of 1974?

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The Federal Election Campaign Act of 1974 focused on regulating how political candidates raised money and how they spent these campaign funds. This federal law created a limit on how much one individual could give to a particular candidate or political party. Along with limiting how much a person can contribute, the law also made it so that individuals/organizations must disclose (reveal) who exactly is giving them money and how much money they are giving the candidate/party. This allows the public to understand where candidates get their funds from and enables them to identify which organizations helped the candidate.
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