Harut Sassounian
BY HARUT SASSOUNIAN
This column is mostly intended for readers outside the United States who may not be familiar with U.S. campaign contribution laws. Interestingly, even Americans are often confused about the complex regulations regarding limits of political contributions that are different in local, state and federal elections.
Let’s take a closer look at contributions for federal elections, including, presidential elections. The contribution limit per person to a presidential candidate is $2,700 per election. While most Americans donate much smaller amounts, some legally contribute tens of thousands or hundreds of thousands, and sometimes millions of dollars!
An individual can contribute $10,000 per year to a State, District or Local Political Party Committee, and $33,400 per year to a National Party Committee. However, an individual may contribute $100,200 per year, for each type of election-related expenses. There are also “PACsâ€
