The U.S. campaign finance system has undergone fundamental changes in the last 15 years. The law has changed, as the courts have sharply limited Congress’s authority to regulate corporate and union election expenditures and have created new vehicles for money to flow into election campaigns. The politics of campaign finance has changed, as these new actors, especially Super PACs, have grown in significance and redefined the roles of insiders and outsiders to the electoral system. The technology has changed, as the internet, social media, and mobile devices have chipped away at television as the predominant mode of political campaigning.
The goal of this report and the larger research effort that produced it is to clarify the dynamics of the modern campaign finance system in the United States.
Relying on new research from several of the nation’s foremost experts on the topic, this report—authored by Nathaniel Persily, Robert F. Bauer, and Benjamin L. Ginsberg—attempts to assess these changes. The goal of this report and the larger research effort that produced it is to clarify the dynamics of the modern campaign finance system in the United States. To this end, the effort produced a set of studies and a bipartisan report drawn from the best social science relating to the changing dynamics of the U.S. campaign finance system. The report examines the legal, political, and technological shifts that have combined to shape the current campaign finance regime.