text: what exactly did the federal elections campaign act do? i am trying to write a paper about campaigns and elections and i am not really sure what this act did. please explain it to me in a way i will understand. thank you. the fec...it limits fundraising by pacs (political action committees) for political parties or candidates during elections. it limits hard money, which are donations given directly to a candidate to support their campaign. and it limits soft money, which are donations given to a political party to support their campaign.