The U.S. Supreme Court on Wednesday struck down a key pillar of federal campaign finance law by allowing donors to give money to as many political candidates, parties and committees as they wish.Ruling here, with the relevant part below:
In the latest in a series of decisions by the high court that have given big-money donors more influence in U.S. elections, the justices rejected the overall limits on how much individuals can donate during a federal two-year election cycle.
The ruling - a 5-4 decision with the court's more conservative justices in the majority - could have an immediate impact on the 2014 midterm elections, in which Republicans are likely to keep control of the House of Representatives and are seeking to gain six Senate seats to take over that chamber.
The decision does not affect rules that limit donors from giving $2,600 per candidate in primaries and another $2,600 in general elections. But it does eliminate the "aggregate" donation limits of $48,600 to candidates and $74,600 to state and local political party committees during each two-year cycle.
Wednesday, April 02, 2014
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