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The federal government will match up to $250 of an individual's total contributions to an eligible candidate. Only candidates seeking nomination by a political party to the office of president are eligible to receive primary matching funds. In addition, a candidate must establish eligibility by submitting to the
The program was established by the 1971 Federal Election Campaign Act. The law also "established overall spending limits for eligibility to receive matching funds ...
However, candidates who decline matching funds are free to spend as much money as they can raise privately. From the inception of this program in 1976 through 1992, almost all candidates who could qualify accepted matching funds in the primary. In 1996 Republican Steve Forbes opted out of the program. In 2000, Forbes and George W. Bush opted out.
Federal election regulators on Thursday authorized public matching funds for Mike Pence’s dormant White House campaign – acting on a request the former vice president’s campaign initially ...
The first federal campaign finance law, passed in 1867, was a Naval Appropriations Bill which prohibited officers and government employees from soliciting contributions from Navy yard workers. Later, the Pendleton Civil Service Reform Act of 1883 established the civil service and extended the protections of the Naval Appropriations Bill to all ...
The federal system has also funded its share of long shots: Perennial candidate Lyndon LaRouche netted $5.5 million in matching funds over five presidential campaigns. John Hagelin ran for ...
In 2015, the Supreme Federal Court declared corporate donations to political parties and campaigns to be unconstitutional. Before the decision, electoral laws allowed companies to donate up to 2% of their previous year's gross revenue to candidates or party campaign funds, which totaled over 76% ($760m) of the donations on the 2014 election.
Eric Adams’ reelection bid is facing a watershed moment Monday when the city Campaign Finance Board is expected to decide whether to grant the indicted mayor millions in public matching funds ...