CED Monthly Policy Luncheon - Campaign Finance Reform: Likely Changes in the 2012 Presidential Elect
On Thursday, June 23, 2011, Dr. Anthony Corrado, Professor of Government at Colby College and Project and Director of CED's Money in Politics Subcommittee, discussed emerging trends in campaign finance reform and issued predictions for the next presidential election in the post-Citizens United era.
Since key elements of the Bipartisan Campaign Reform Act (BCRA) were overturned in the Supreme Court's Citizens United decision (see CED's Amicus Brief following the decision), and the SpeechNow.org v. Federal Election Commission decision from a Federal District Court, four major trends have emerged:
- The end of public financing in presidential elections.
- An increase in the use of fundraising "bundlers" to raise private funds as quickly as possible.
- The emergence of "Super PACs," or nonprofit 501(c)(4) organizations that can raise and spend unlimited funds and are exempt from some requirements to disclose their donors.
- Narrow interpretation of the law and a lack of enforcement of disclosure requirements by the Federal Elections Commission (FEC).