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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.
U.S. Sen. John McCain, R-Ariz., was the primary sponsor of the McCain-Feingold Bill, 2002 legislation that changed campaign finance laws in the United States.U.S. Sen. Russell Feingold, D-Wisc., was the co-sponsor of the McCain-Feingold Bill, which was signed into law in 2002 by President George W. Bush.wo key issues were addressed in the McCain-Feingold Bill, which is formally known as the Bipartisan Campaign Reform Act of 2002.