Explain the role of the Federal Election Commission in campaign funding. Why does the FEC exist?

The duties of the FEC, which is an independent regulatory agency, are to disclosecampaign finance information, to enforce the provisions of the law such as the limits and prohibitions on contributions, and to oversee the public funding of Presidential elections. The Federal Election Commission (FEC) is an independent regulatory agency that was founded in 1975 by the United States Congress to regulate the campaign finance legislation in the United States. It was created in a provision of the 1974 amendment to the Federal Election Campaign Act.