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Federal Election Campaign Act of 1971

The main federal law that governs how money is raised and spent in federal elections, setting rules for campaign finance disclosure and limits on contributions.

Political Committee

A group that raises and spends money to elect or defeat candidates for office. This includes candidate committees, party committees, and PACs (Political Action Committees).

Contribution

Money, goods, or services given to a political campaign or committee to support or oppose a candidate or issue.

Federal Office

An elected position at the national level, such as President, Vice President, U.S. Senator, or U.S. Representative.

Reporting Threshold

A minimum dollar amount or value above which certain information, like a donor's identity, must be publicly disclosed by law.