Regulating Campaign Finance (cont) Buckley v. Valeo (1976) declared the 1972 limitation on what an individual could spend on his or her own election unconstitutional The Bi-partisan Campaign Finance Reform act of 2002- bans soft, limits interest group advertising, increases individual contribution limit to $2000Regulating Campaign Finance (cont.) Buckley v. Valeo (1976) declared the 1972 limitation on what an individual could spend on his or her own election unconstitutional The Bi-partisan Campaign Finance Reform Act of 2002 – bans soft, limits interest group advertising, increases individual contribution limit to $2000