The Bicameral Campaign Finance Reform Act (McCain-Feingold) includes a "millionaire's amendment." This is a threashold for candidates who use their personal wealth to fund their campaigns more than challengers are allowed to raise and compete. In federal campaigns, individuals are limited to contributing $2300 per cycle per race (the primary and general are considered seperate races but you can't spend general money during the primary cycle). But when a House candidate self-funds his campaign and exceeds the $350,000 limit, then he triggers an allowance for his opponents' contibution limits to triple ($6,900 per election for 2007-08).
David Landrum has reported to the FEC that he has now put $410,000 into his race for Congress. His opponents can now go back to those individuals who have maxed out to them previously.
(Thanks for the email tip, reader.)
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