Today in History: March 27, 2002

Bush Signs Campaign Reform Act

President George W. Bush signs the Bipartisan Campaign Reform Act of 2002, imposing new limits on federal campaign spending. Under the act, commonly known as McCain-Feingold, “soft money” contributions by unions and corporations to political parties are banned. The act also increases the individual campaign contribution limit from $1,000 to $2,000 and limits issue advertising – that which does not directly endorse a candidate -- to within 30 days of a primary election and 60 days of a general election.