Soft Money Hard Law: A Guide to the New Campaign Finance Law
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Increased Federal Contribution Limits
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BCRA provides for increases in the limits on individual contributions of hard money to candidates and party committees. In addition, under the Millionaire's Amendment, the new law offers some relief for candidates facing opponents able to spend from substantial personal resources to wage their campaign. These rules are different, in some respects, for House and Senate candidates. BCRA also adds and extends other provisions intended to limit abusive fundraising practices, such as fraudulent misrepresentations in raising money or fundraising directed from or to Government property.