Bechtel, who formerly led Bechtel Group Inc., the contractor that built the Hoover Dam, and his wife Elizabeth H. Bechtel each gave $97,200 on June 30 to Republican Victory Fund, according to a Federal Election Commission filing.
Republican Victory Fund is a so-called joint fundraising committee that distributed proceeds to the party’s three national campaign committees: the National Republican Senatorial Committee, the campaign arm of Republican senators seeking to overturn a 55-45 Democratic majority in the November elections; the National Republican Congressional Committee, which is leading the campaign to defend the House Republicans’ majority; and the Republican National Committee.
Until April, individual donors in the 2013-14 election cycle could give up to $74,600 to national party committees and political action committees plus up to $48,600 to federal candidates, for a total aggregate limit of $123,200.
The Supreme Court on April 2 ruled in a 5-4 decision that the aggregate cap violated the speech rights of Shaun McCutcheon, an Alabama Republican businessman who was seeking to give more than the $123,200 maximum. Republican Victory Fund filed its organizing papers one week later with the Federal Election Commission.
Billionaire Charles Schwab gave $53,700 to Republican Victory Fund last month.
Bechtel and Schwab are among the donors “most likely to exceed” the now-invalidated aggregate contribution caps, according to a January report by the Sunlight Foundation and the Center for Responsive Politics.