Presents a concise overview of the responsibilities, membership, structure, and requirements of the Federal Election Commission (FEC). Created in 1974, the FEC oversees the financial activities of candidates and political parties. Discusses corporate and union political action committees (PACs) as well as contribution limits and prohibitions. (MJP)

Presents a concise overview of the complicated web of laws and regulations governing the financing of federal political campaigns. Discusses related issues such as "soft money," and the conflict between restrictive campaign regulations and free speech. Notes that regulation of state elections remains with the states. (MJP)