What The New FEC Rules For Political Contributions Actually Say.
The Federal Election Commission (http://www.fec.gov/pages/brochures/contriblimitschart.htm) released its guidelines for the new, increased campaign contributions this week, which the Center for Responsive Politics (CRP) reports are typically adjusted for inflation during non-election years.
Here's the new breakdown:
$2,600 per election from individual contributors ($5,200 total for Primary and General)
$2,600 per election from partnerships and LLCs ($5,200 total)
$5,000 per election from multi-candidate political action committees (PACs) ($10,000 total)
$2,600 per election from non-multi-candidate PACs ($5,200 total)
$2,000 per election from an authorized campaign committee ($4,000 total)
$1,000 per calendar year from non-federal committees
National Committees 6 such as the Republican National Committee and the Democratic National Committee 6 can now receive $32,400 annually from individual donors.
The maximum individual contribution for the 2012 election cycle was $2,500.
Now, individual donors may give a total of $48,600 to all candidates and $74,600 to PACs and political parties. However, there are no requirements for single-candidate PACs.
The 2012 election was the (http://www.opensecrets.org/news/2012/10/2012-election-spending-will-reach-6.html) most expensive election in U.S. history, costing an estimated $6 billion. The rate of both fundraising and spending was unmatched, according to the CRP, which reports the two presidential campaigns were spending up to $70 million a week during the final month of campaigning.
President Barack Obama had 12,605 maximum individual contributions in the last election cycle. His Republican challenger Mitt Romney received 21,984.
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|Publication:||International Business Times - US ed.|
|Date:||Jan 31, 2013|
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