03/15/2019 | Press release | Distributed by Public on 03/15/2019 12:30
Individuals, for whom contributions to national parties were limited to $33,900 per year during the 2017-18 election cycle, were the largest source of federal funds for party committees' traditional accounts. Democratic and Republican party committees reported receiving $504 million and $440.3 million, respectively, from individuals. PACs and other political committees contributed $96.7 million to Democratic party committees and $77.1 million to Republican party committees as of December 31, 2018.
Democratic and Republican House campaign committees transferred $33.2 million and $31.8 million, respectively, from their campaign accounts to their national congressional party committees. Committees representing Democratic Senate candidates transferred $3.7 million to the Democratic Senatorial Campaign Committee. Committees representing Republican Senate candidates transferred $2.3 million to the National Republican Senatorial Campaign Committee.
Provisions of the Consolidated and Further Continuing Appropriations Act, 2015 (H.R. 83), signed into law in December 2014, enable national party committees to establish accounts to defray certain expenses incurred with respect to Presidential nominating conventions, national party headquarters buildings, and election recounts and contests and other legal proceedings.
The resulting new accounts of national party committees reported receiving $159.8 million between January 1, 2017 and December 31, 2018. Of that total, the new Democratic national party committee accounts received $53.9 million, while the corresponding Republican national party committee accounts received $105.8 million. New accounts established by other national political parties received $65,575.
Headquarters accounts reported the highest receipt total across all the newly established national party committee accounts: $110.9 million. New recount and convention accounts raised $37.2 million and $11.8 million, respectively, through December 31, 2018.
Data summary tables for reports submitted by political party committees to the Commission through December 31, 2018 can be found here.