Legal and Legislative History
In 1971, Congress passed the Federal Election Campaign Act (FECA). FECA is a United States federal law which increased disclosure of contributions for federal campaigns.
FECA was amended in 1974 to create the Federal Election Commission (FEC). The FEC was created to be an independent regulatory agency of the federal government whose duties would be, “to disclose campaign finance information, to enforce the provisions of the law such as the limits and prohibitions on contributions, and to oversee the public funding of Presidential elections.”
Read more about this topic: Independent Expenditure
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—Thomas Jefferson (1743–1826)