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Past Event

A Governance Studies Event

The Future of Campaign Finance: Congress, the FEC, and the Courts

Campaign Finance

Event Summary

Campaign finance is yet again under the microscope as politicians, regulators, political parties, interest groups and courts grapple with the fallout from recent reforms. Controversy has arisen over the status of new section 527 organizations, the regulation of political advertising on the Internet, and the future of the presidential public funding system.

Event Information

When

Thursday, October 20, 2005

Where

Falk Auditorium
The Brookings Institution
1775 Massachusetts Avenue, NW
Washington, DC 20036
Directions

Contact: Brookings Office of Communications

E-mail: communications@brookings.edu

Phone: 202.797.6105

The Bipartisan Campaign Reform Act of 2002 was implemented for the 2004 election but uncertainty remains about its impact and future. Congress has several bills to amend federal election law; the FEC is involved in investigations and rulemaking that could redefine the meaning of the law, and the Supreme Court has agreed to hear two important campaign finance cases this term.

Three of the country's leading experts on campaign finance reform and coauthors of The New Campaign Finance Sourcebook (Brookings 2005), will discuss what was learned from the 2004 election cycle and what developments in Congress, the Federal Election Commission (FEC), and the courts lie ahead. Senior Fellow Thomas Mann will moderate the discussion with Brookings coauthors Anthony Corrado – the Charles A. Dana Professor of Government at Colby College and a nonresident senior fellow – and Trevor Potter, former FEC chair and now a Brookings nonresident senior fellow.

Speakers will take questions after their remarks.

Transcript

TONY CORRADO: I thought I would talk this morning just a little bit about what we're seeing so far and reflect a bit on 2004 because, as Tom noted, 2004 was really an extraordinary election. You had an election cycle in which there was an unusual amount of uncertainty and unpredictability in campaign finance due to the fact that it wasn't clear how groups were going to adapt to BCRA, it wasn't clear how the candidates and parties would respond.

For most of the election cycle the rules were not clear as there were continuing debates over the regulations and what issues should be addressed by the FEC. So that as a result you had an experience that was kind of unique in a regulatory context. And it was also of course an election that was unique because of the extraordinary presidential race that we had that was really driving much of the fund-raising activity in the 2004 cycle. As a result as we looked at 2004, by the end of it, it seemed that at least some of the issues had been cleared up, some of the regulatory disputes were settled, and it seemed that there were some patterns that had emerged as a result of the 2004 fund-raising experience.

Most importantly, 2004 showed that under BCRA's revised contribution limits, candidate fund-raising was going to continue to thrive especially for incumbents and for the presidential candidates who raised unprecedented amounts of money in the least election cycle.

Read the full transcript (PDF—109kb)
Supplementary Data (PDF—13kb)

Participants

Introduction

Thomas E. Mann

Senior Fellow, Governance Studies

Panelists

Anthony Corrado

Nonresident Senior Fellow, Governance Studies

Trevor Potter

Nonresident Senior Fellow, Governance Studies

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