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Thank you We sneak and here's your shmoop du jour

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brought to you by election day the pickiest day of

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the year All right the federal election campaign act uh

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what And here the potential answers subsidy to day all

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right roman numerals All right well the federal election campaign

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act or fica was a major piece of campaign finance

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legislation passed in the nineteen seventies A decade of disco

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mania and regulatory zeal let's see which of these options

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described how the fica spent its political capital Did the

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federal election campaign act one established public subsidies for presidential

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candidates Well yes it did Fica allowed presidential candidates to

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accept public funds for their campaigns that is if they

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could agree to spending limits Thankfully agreeing to things is

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what politicians do for a living Right was the federal

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election campaign act responsible for two designating the first tuesday

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after the first monday in november as the day for

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federal elections will slow down the first tuesday after the

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first money in november That's pretty random right Well actually

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congress pass a law way back in eighteen forty five

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that establish election day as the first tuesday in november

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But if the first day of the month was a

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tuesday then there were thirty five for instead of thirty

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days in The electoral and let's just move on to

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that Did fica three place contribution and spending limits on

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federal elections Well it might not feel like it based

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on all those ads we see during election years But

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there are actually rules governing campaign finance Under feca interest

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groups khun spend unlimited amounts of money on a candidate

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just so long as they don't coordinate directly with campaign

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So let's look the other way and accept three is

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well does fica for require that television and radio grant

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both parties equal time during political campaigns with equal time

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rule is very much a nothing But it actually first

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originated under the radio act of nineteen twenty seven which

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four stations to give equal time to political candidates of

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both parties All is fair in love Political Alright So

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a fica established public subsidies for presidential candidates in place

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contribution and spending limits on federal elections That makes me

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the correct answer Campaign finance laws might have been revised

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over the last forty years but at the end of

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the day the choice on election day comes down to

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one thing Whoever has the most money uh ideas Uh 00:02:29.688 --> [endTime] yeah definitely Ideas that that's that's the right thing

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