Neil Reiff was quoted in Campaigns & Elections magazine’s write-up on today’s McCutcheon v. FEC Supreme Court decision, striking down federal aggregate contribution limits. He told Campaigns & Elections that the “real winners will be national party committees. It’s been the national committees who are able to find and cultivate these larger donors. If an individual wants to triple max each year to the three national committees, that is $194,400 for the two-year cycle, way more than the aggregate limit.”
Under the old rules, an individual could only donate an aggregate of $74,600 per 2-year election cycle to all PAC and party committees, with a maximum contribution limit of $32,400 to any individual party committee. In addition, an individual could only donate an aggregate of $48,600 per cycle to all federal candidates, with a maximum contribution limit of $2,600 per candidate per election. Today’s decision strikes down the aggregate limits while preserving the contribution limits to individual candidates, PACs, and party committees.