Law360, New York (April 3, 2014, 12:17 AM EDT) -- With its decision Wednesday in McCutcheon v. Federal Election Commission, the U.S. Supreme Court took another major step to reshape American campaign finance law. The court struck down the biennial aggregate contribution limits, in place since 1974, as an unconstitutional burden on First Amendment rights. In this article, we describe this ruling, as well its immediate impact on the 2014 and 2016 election cycles.
Federal campaign finance law has traditionally placed two types of limits on the amount that an individual may contribute to a candidate's campaign, a political party, or a political action committee. The first are the limits on...
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