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In U.S. politics, "hard money" refers to funds raised and spent in compliance with strict federal regulations regarding sources and contribution limits, intended for direct support of specific candidates. This contrasts with "soft money," which historically involved unregulated donations to political parties for general messaging, though legislation in 2002 aimed to significantly curtail its use in federal elections. The Bipartisan Campaign Reform Act of 2002 was a key piece of legislation that sought to close loopholes allowing soft money to circumvent federal limits.12

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