what was in the federal election campaign act that was passed after watergate
Campaign finance reform in the United States The Congress passed the Bipartisan Campaign Reform Act (BCRA), also called the McCain-Feingold bill after its chief sponsors, John McCain and Russ Feingold. The bill was passed by the House of Representatives on February 14, 2002, with 240 yeas and 189 nays, including 6 members who did not vote. Final passage in the Senate came after supporters mustered the bare minimum of 60 votes needed to shut off debate. The bill passed the Senate, 60-40 on March 20, 2002, and was signed into law by President Bush on March 27, 2002. In signing the law, Bush expressed concerns about the constitutionality of parts of the legislation but concluded, "I believe that this legislation, although far from perfect, will improve the current financing system for Federal campaigns." The bill was the first significant overhaul of federal campaign finance laws since the post-Watergate scandal era. Academic research has used game theory to explain Congress's incentives to pass the Act.[5]
Corrupt bargain After the votes were counted in the U.S. presidential election of 1824, no candidate had received the majority needed of the Presidential Electoral votes (although Andrew Jackson had the most[1]), thereby putting the outcome in the hands of the House of Representatives. There were four candidates on the ballot: John Quincy Adams, Henry Clay, Andrew Jackson, and William H. Crawford. Following the provisions of the Twelfth Amendment, however, only the top three candidates in the electoral vote were admitted as candidates, leaving out Henry Clay. To the surprise of many, the House elected John Quincy Adams over rival Andrew Jackson. It was widely believed that Clay, the Speaker of the House at the time, convinced Congress to elect Adams, who then made Clay his Secretary of State. Jackson's supporters denounced this as a "corrupt bargain."[2][3] The "corrupt bargain" that placed Adams in the White House and Clay in the State Department launched a four-year campaign of revenge by the friends of Andrew Jackson. Claiming the people had been cheated of their choice, Jacksonians attacked the Adams administration at every turn as illegitimate and tainted by aristocracy and corruption. Adams aided his own defeat by failing to rein in the pork barrel frenzy sparked by the General Survey Act. Jackson's attack on the national blueprint put forward by Adams and Clay won support from Old Republicans and market liberals, the latter of which increasingly argued that Congressional involvement in internal improvements was an open invitation to special interests and political logrolling.[4]