Due to inflation, the U.S. Federal Election Commission (FEC) has increased the cap on campaign contributions from individual and non-multiple candidate Political Action Committees (PACs) for the 2023-2024 elections.
In a statement Thursday, the FEC announced a $400 increase to the individual contribution limit, from $2,900 to $3,300, and increased the amount couples can jointly contribute to each federal candidate by $6,600 each election cycle. increased to $13,200.
The FEC releases new limits in odd-numbered years, with the final increase of $100 for individuals to $2,900 in 2021.
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New limits have also been set for individual and non-multi-candidate PAC contributions to national party committees, such as the Republican National Committee and the Democratic National Committee. These limits have been increased from $36,500 per calendar year to $41,300 per calendar year.
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The cap for individual and non-multiple candidate PAC contributions to the National Party Committee Account, which is viewed separately from the National Party Committee and is primarily related to party committee legal proceedings, is now set at $123,900 per calendar year. It is set.
There are no changes to limits on contributions to state, local, or district party committees, or limits on contributions from individuals or other PACs to the PAC itself.
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These changes will not affect your ability to donate to Super PACs, which can accept unlimited donations from individuals and organizations, or to independent, expenditure-only Political Action Committees.