That’s the maximum amount an individual can give to federal candidates, parties and political committees in the 2013-14 election cycle.
That aggregate biennial limit is being challenged before the Supreme Court, which will hear oral arguments tomorrow in McCutcheon v Federal Election Commission. It’s the biggest campaign finance case since the 2010 Citizens United ruling struck down restrictions on corporate and union spending.
Read Bloomberg’s Greg Stohr for more about the case, which the Supreme Court is hearing in the first week of its new term.
Legal filings for Shaun McCutcheon, the Alabama businessman and frequent Republican donor challenging the limits, the FEC and other interested parties can be found here.