What were the main features of the federal election campaign act of 1974?

The Federal Election Campaign Act of 1974 focused on regulating how political candidates raised money and how they spent these campaign funds. This federal law created a limit on how much one individual could give to a particular candidate or political party. Along with limiting how much a person can contribute, the law also made it so that individuals/organizations must disclose (reveal) who exactly is giving them money and how much money they are giving the candidate/party. This allows the public to understand where candidates get their funds from and enables them to identify which organizations helped the candidate.