FEC Outlines Changes to ‘Millionares’ Amendment’

Federal Election Commission (FEC) lawyers announced in a letter this week their updates to the so-called “Millionares’ Amendment,” which was struck down by the Supreme Court as unconstitutional.

The attorneys outlined provisions of campaign finance law that they would like to see removed in light of the recent Supreme Court ruling in Davis v. FEC, which struck down elements of the 2002 McCain-Feingold campaign finance law as unconstitutional.

The provisions that would be removed from the campaign finance law include declarative statements from candidates regarding how much they plan to exceed the self-finance threshold, increased limits for candidates opposing self-financed candidates, and principal campaign committee filings reporting gross total receipts and “personal fund” contributions.

The Millionaires