What is Bipartisan Campaign Reform Act (BCRA)?

Definition and meaning of Bipartisan Campaign Reform Act (BCRA): The Bipartisan Campaign Reform Act was a 2002 piece of legislation that sought to level the playing field in American politics by providing greater transparency and fairness in campaign finance. The BCRA amended the Federal Election Campaign Act of 1971. By creating new rules for the financing of political campaigns, the BCRA helps to reduce the influence of large donors and special interest groups in elections.

It also encourages more independent candidates by providing public financing for campaigns and limiting the influence of political parties. The BCRA also seeks to limit the influence of corporate money in politics by limiting the amount of money that can be spent on campaigns and banning certain types of contributions. In addition, the BCRA requires greater disclosure of political contributions and spending by candidates and their campaigns. By doing so, the BCRA works to ensure that all Americans have access to fair and transparent elections.