February 2, 2023

Federal Election Commission hikes contribution limits ahead of 2024 election cycle

New FEC contribution limits let individual donors give $3,300 per federal candidate each election, and even more to national party committees.

Pharmaceutical and health product companies poured over $372 million into federal lobbying last year, outspending every other industry.

A new analysis jointly produced by OpenSecrets and the Brennan Center shows the potential for New York state’s public financing program to increase the portion of political contributions in the state that come from small donors.

Rep. George Santos’ campaign reported a new treasurer plus payments for legal services and outstanding debts at an Italian restaurant in Queens in its year-end report to the FEC.

Google’s parent company ramped up annual federal lobbying expenditures by nearly 50% since 2020, spending more than $13 million in 2022.

Business interests outspent organized labor 14-to-1 during the 2022 election cycle, including $341.3 million in federal political contributions from business PACs.

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See our media citations from outlets around the nation this week:

The ‘Arms Race’ of Campaign Spending (National Press Foundation)

As campaign finance spending skyrockets, “Americans across the ideological spectrum don't want a government for sale,” says OpenSecrets’ Sheila Krumholz.

What's Next for New York's New State Campaign Finance System? (Gotham Gazette)

On Monday, Brennan Center and the national government transparency group OpenSecrets published a study applying the parameters of the new system to the most recent 2022 elections. The study estimated the public match would have increased the share of small donations (less than $250) in state legislative races from 11% to 67% of all donations. 

Amazon, Apple, Microsoft set records with their spending on Washington lobbying (MarketWatch)

Amazon and three subsidiaries shelled out a total of $21.38 million in 2022, above a prior record outlay of $19.32 million in 2021, according to an analysis of disclosures by OpenSecrets.

POLITICO

Bloomberg

Inside Climate News

The Guardian

Times-Union

Florida Politics

The American Independent

The Los Angeles Times

Tulsa World

WisPolitics

Los Angeles Blade

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