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by Kathy Gill. Updated May 03, 2017. The McCain-Feingold Act is one of the several federal laws that regulates the financing of political campaigns. It is named after its chief sponsors, Republican U.S. Sen. John McCain of Arizona and Democratic U.S. Sen. Russell Feingold of Wisconsin.
Bipartisan Campaign Finance Reform Act-A law passed in 2002 that banned soft money, put limits on issue advertising, and increased the amount people can donate to candidates; also called the McCain-Feingold bill.