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The report is categorized into five categories: (I)Most Recent developments (II) Background and Analysis, (III) Improving Fuel Economy: Other Policy Approaches, (IV) Legislation, (V) For Additional Reading.

Concerns over financing federal elections have become a seemingly perennial aspect of our political system, long centered on the enduring issues of high campaign costs and reliance on interest groups for needed campaign funds. This report contains a summary of campaign finance, recent developments, the evolution of the current system, campaign finance practices and related issues, perceived loopholes in current law, policy options, legislative actions of the 108th and 109th Congresses, and related materials.

The term "soft money" generally refers to unregulated funds for election related activities that are not subject to the Federal Election Campaign Act's (FECA) source restrictions, contribution limits, and disclosure requirements. The Bipartisan Campaign Reform Act of 2002, which amended FECA and became effective on November 6, 2002, restricts the raising and spending of soft money. This report contains information on a summary of campaign financing, recent developments, background and analysis, definitions of Hard and Soft money in federal elections, political party soft money, soft money spent on issue advocacy, corporate and labor union soft money, the Bipartisan Campaign Reform Act of 2002, and additional related materials.

The term "soft money" generally refers to unregulated funds for election related activities that are not subject to the Federal Election Campaign Act's (FECA) source restrictions, contribution limits, and disclosure requirements. The Bipartisan Campaign Reform Act of 2002, which amended FECA and became effective on November 6, 2002, restricts the raising and spending of soft money. This report contains information on a summary of campaign financing, recent developments, background and analysis, definitions of Hard and Soft money in federal elections, political party soft money, soft money spent on issue advocacy, corporate and labor union soft money, the Bipartisan Campaign Reform Act of 2002, and additional related materials.