FEC raises contribution limits for 2020 cycle
Donors can now give an extra Benjamin Franklin to their favorite political candidate.
The Federal Election Commission (FEC) announced Thursday that it is increasing maximum amount of money individuals can give to federal candidates and groups. Individuals can now give $2,800 to a candidate each election period (adding up to $5,600 between the primary and general election), an increase of $100 over the 2018 cycle.
The limits are increased every odd-numbered year to reflect changes in inflation.
The contribution limit to national party committees was raised from $33,900 per year to $35,500 and annual maximum contributions to national party committee accounts, such as the Democratic Congressional Campaign Committee, jumped from $101,700 to $106,500.
National party committees and their respective Senatorial campaign committee may contribute up to $49,600 to Senate candidates, up from $47,400.
PAC contributions to candidates and groups are not indexed for inflation and thus will remain unchanged from 2018.
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