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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.
In its 2010 decision, the Court explained that the Austin ruling, and hence the operative section of McCain-Feingold, were unconstitutional: The law before us is an outright ban, backed by criminal sanctions.