New federal campaign contribution limits have been announced by the Federal Election Commission (FEC). Per the requirements of the Bipartisan Campaign Reform Act of 2002, the FEC must adjust certain federal contribution limits for individuals every two years (the beginning of each new election cycle), based on the Consumer Price Index. The changes are indicated in this chart:
| 2021-2022 | 2023-2024 | ||
|---|---|---|---|
| Candidates | $2,900 | $3,300 | per election |
| National Party Committee (e.g., RNC, DNC) | $36,500 | $41,300 | per year |
| Senatorial National Party Committee (e.g., NRSC, DSCC) | $36,500 | $41,300 | per year |
| Congressional National Party Committee (e.g., NRCC, DCCC) | $36,500 | $41,300 | per year |
| National Party Committee for conventions | $109,500 | $123,900 | per year |
| National Party Committee for buildings | $109,500 | $123,900 | per year |
| National Party Committee for recounts and legal fees | $109,500 | $123,900 | per year |
| Senatorial National Party Committee for buildings | $109,500 | $123,900 | per year |
| Senatorial National Party Committee for recounts and legal fees | $109,500 | $123,900 | per year |
| Congressional National Party Committee for buildings | $109,500 | $123,900 | per year |
| Congressional National Party Committee for recounts and legal fees | $109,500 | $123,900 | per year |
| Note: Aggregate contribution limit for all of the national party committees of a given party (Democratic or Republican) | $876,000 | $991,200 | per year |
The $5,000 annual limit on an individual contributing to a federal PAC, as well as the $10,000 annual limit on an individual contributing to the federal accounts of all state and local party committees of the same party in the same state, are not adjusted for inflation.
In addition, the FEC raised the lobbyist bundling disclosure threshold for 2023 from $20,200 to $21,800.
This memorandum is provided by Skadden, Arps, Slate, Meagher & Flom LLP and its affiliates for educational and informational purposes only and is not intended and should not be construed as legal advice. This memorandum is considered advertising under applicable state laws.