Is it time for the FEC to be disbanded?

Wall Street Journal reports on the 40th anniversary of the FEC.

Regulating elections is a pretty partisan business and the FEC is often at loggerheads over how to regulate money in politics. Making matters worse, the FEC, unlike other federal agencies, was structured to be equally divided between Republicans and Democrats, three apiece, and the commissioners often deadlock.

In the last fiscal year, the FEC, stymied in its ability to make decisions, collected just $200,000 in penalties for cases it deemed more complex, one of the lowest in 30 years, at a time when money in politics is only growing. Fines in more straightforward matters, meanwhile, are up.