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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.
The act was designed by Democratic Senator Stephen A. Douglas of Illinois. The initial purpose of the KansasâNebraska Act was to open up many thousands of new farms and make feasible a Midwestern Transcontinental Railroad. The popular sovereignty clause of the law led pro-and anti-slavery elements to flood into Kansas with the goal of voting slavery up or down, leading to Bloody Kansas.