Question

Under post-Watergate FECA reforms, what are the money limits from individuals to candidates and to PACs?

Answer 1

Under post-Watergate FECA reforms, individuals can contribute up to $2900 per candidate per election, give $5000 to PACs, and $36,500 to a national party committee. PACs can contribute $5000 per candidate per election and up to $15,000 to a national party. PACs created for one candidate are limited to $2900 per candidate.

Step-by-step explanation:

Under post-Watergate FECA reforms, the money limits from individuals to candidates and PACs are as follows:

• Individuals may contribute up to $2900 per candidate per election.
• Individuals may give $5000 to PACs and $36,500 to a national party committee.
• PACs that contribute to more than one candidate can contribute $5000 per candidate per election and up to $15,000 to a national party.
• PACs created to give money to only one candidate are limited to only $2900 per candidate.

These limits are adjusted every two years based on inflation and aim to provide a more equal playing field for candidates.