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|For Immediate Release
January 23, 2007
FEC ANNOUNCES UPDATED CONTRIBUTION LIMITS
WASHINGTON – The Federal Election Commission today announced revised contribution limits which have been indexed for inflation and are effective for the 2007-2008 elections for President, U.S. Senate, and U.S. House of Representatives.
During the current election cycle, individuals may contribute up to $2,300 per election to Federal candidates, up to $28,500 per year to national party committees, and a combined total of up to $108,200 during the two year period to all Federal campaigns, parties, and other political committees. The following table lists the contribution limits for 2007-2008.
* These contribution limits are increased for inflation in odd-numbered years.
The Bipartisan Campaign Reform Act of 2002 (BCRA) included provisions that indexed some contribution limits for inflation. The limit for individuals’ contributions to candidates, for example, was set at $2,000 per election in BCRA and is adjusted at the start of each new election cycle. Adjustments are announced after the Department of Labor determines the inflation rate (i.e., the change in the price index for the relevant period) for the previous election year (in this case 2006). The new limit on contributions from individuals to candidates was effective retroactively to the day after the last general election ended (e.g. November 8, 2006). Other new limits were retroactively effective January 1, 2007.
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