Similarities in Campaign Finance

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6 Terms

1
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raising money - UK

  • donations from individuals and organisations 

  • memberships e.g. trade unions for Labour

  • loans, very common, more regulated after cash for questions affair 

2
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raising money - USA

  • donations; PACs = raises and spends money w/ limit of $5k per candidate per election. Super PACs = unlimited spending, largely set up by wealthy

  • fundraiser; dinner and speech, auctions

3
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state funding - UK

  • short money given to opposition parties; leader of opposition gets paid £800k for their office

  • party policy development grants available; up to £2m

4
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state funding - USA

  • matching funds; no obligation to take it up but if you do, you cant raise any more money

  • last used; John McCain in 2008 v Obama

5
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legislation/reform - UK 

  • Representation of People Act 1983 ; limits individual spending e.g. £8.7k/ constituency for general elections 

  • PPERA 2000 ; e.g. must report donaions of over £11k to EC 

6
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legislation/reform - USA 

  • Bi-Partisan Campaign Reform Act 2002 ; soft money banned for national party committees, “Stand By Your Ad”

  • Federal Election Campaign Act 1974 ; creation of FEC, limits on candidates’ own spending