On December 16, President Obama signed into law the Consolidated and Further Continuing Appropriations Act, 2015 (H.R. 83). Provisions of that law enable national party committees to establish accounts to defray certain expenses incurred with respect to:
- Presidential nominating conventions;
- Election recounts and other legal proceedings; and
- Headquarters buildings.
The contribution limits applicable to these accounts are 300% of the limits on contributions to national party committees, which means that the accounts may accept up to $45,000 per year from a multicandidate PAC and $97,200 per year from other contributors during the 2013-2014 election cycle.
The Commission is assessing the full effects of the new provisions on existing regulations and will provide additional guidance to the public as soon as practicable.