What exactly did the Federal Elections Campaign Act do?

Question

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.

Answer 1

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.