Editors’ Note: This feature has been updated to reflect a Correction.
Election lawyers are eagerly waiting for the U.S. Supreme Court’s ruling in McCutcheon v. Federal Election Commission. Argued on Oct. 8, 2013 (See Transcript), the court will either continue to chip away at campaign finance regulation, or let its decision in Citizens United v. Federal Elections Commission1 stand as the modern watershed. McCutcheon involves a challenge to aggregate limits an individual can contribute to all federal candidates combined and all political action committees (PACs) combined in an election cycle. Current law allows an individual to contribute a maximum of $123,200 during a two-year election cycle to all candidates, PACs and political party committees. Of that, a person may give only $48,600 to all candidates in the aggregate (but no more than $5,200 to each), and $74,600 to all PACs and party committees (with limited contributions to each of these categories as well).
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