For a rundown of BCRA contribution limits, see:
http://www.fec.gov/pages/brochures/contrib.htmIndividuals may contribute up to $2,000 PER ELECTION to a federal candidate. The primary and general elections count as separate elections. However, all contributions made in a CYCLE count so, for example, one must keep track of all contributions made to a U.S. Senator over an entire six-year cycle.
At the other end of the spectrum, there is a $95,000 biennial "global" limit. This is the maximum an individual can contribute to all federal campaigns, candidates, and committees over a two year period.
To further complicate the picture, there are sublimits on annual contributions to national party organizations, state and local party organizations, other federal political committees (e.g. PACs), and all individual candidates combined.
It is very confusing. It also creates much inadvertent noncompliance for major donor types. If you are in the habit of contributing five and six figure sums every year to a wide variety of candidates, causes, and committees, it is easy to lose track of a check you wrote several years ago. It is also easy to attend an event or contribute to a cause not realizing precisely which FEC pigeonhole the sponsoring organization inhabits. All you think you've done is pay $500 or $1,000 to attend a dinner for Senator X and, presto, you're in non-compliance.
As is usually the case when idiotic regulatory schemes stand in the way of market demand, people devise ways around the regulations. Both parties are now developing networks of "independent" groups to accept donations that escape BCRA's straightjacket.
To attempt to control these expenditures, BCRA's supporters, and now the FEC, propose to impose on "independent" groups a heavyhanded set of:
(1) Content restrictions. These are unquestionably unconstitutional, if the Constitution's plain language any longer has any meaning (which, to be sure, is much in doubt today).
(2) Coordination restrictions, which are probably unenforceable. There is simply no way to police every conversation among the interlocking networks of political professionals on both sides. The "independent" interest groups and the national parties will be perfectly aware of what the presidential nominees want, regardless of what the FEC may be saying about improper coordination. Even if you bugged every telephone and restaurant table in Washington, people would still find a way to talk.
As they should. It is the law that is wrong here, not the desire of people to be politically engaged.
It is a lousy system. A better approach would be to embrace the First Amendment, repeal the Federal Elections Act and BCRA, and let candidates get their money wherever they can, subject only to prompt public disclosure. Political participation is a good thing.