The Federal Election Commission (FEC) is adjusting the limits on contributions, expenditures, and the threshold for disclosure of contributions bundled by lobbyists due to inflation. These changes are required by the Federal Election Campaign Act and affect federal election campaigns, with new figures taking effect between 2024 and 2026. The expenditure limits for political party committees are updated based on inflation and population statistics. Additionally, the lobbyist bundling disclosure threshold for 2025 has been set at $23,300.
Simple Explanation
The people who make rules about money in politics are changing the amount of money people and groups can give or spend during elections to keep up with how prices change over time, like how more money is needed to buy candy today than years ago. They also set a new amount that needs to be reached before certain special money collectors need to tell the government about the money they've gathered.