Price Index Increases for Expenditure and Contribution Limitations, 5294-5296 [E7-1755]
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5294
Federal Register / Vol. 72, No. 23 / Monday, February 5, 2007 / Notices
Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. E7–1853 Filed 2–2–07; 8:45 am]
Under the
Federal Election Campaign Act of 1971,
2 U.S.C. 431 et seq., as amended by the
Bipartisan Campaign Reform Act of
2002, 1 coordinated party expenditure
limits (2 U.S.C. 441a(d)(3)(A) and (B)),
and certain contribution limits (2 U.S.C.
441a(a)(1)(A) and (B), (a)(3), (d) and (h)),
are adjusted either annually or
biennially by the increase in the
consumer price index. See 2 U.S.C.
441a(c)(1) and 11 CFR 110.17. The
Commission is publishing this notice to
announce these limits for 2007 or the
2007–2008 election cycle.
SUPPLEMENTARY INFORMATION:
BILLING CODE 6714–01–P
FEDERAL ELECTION COMMISSION
[Notice 2007–2]
Price Index Increases for Expenditure
and Contribution Limitations
Federal Election Commission.
Notice of expenditure and
contribution limitation increases.
AGENCY:
ACTION:
Coordinated Party Expenditure Limits
for 2007
SUMMARY: As mandated by provisions of
the Bipartisan Campaign Reform Act of
2002 (‘‘BCRA’’), the Federal Election
Commission (‘‘FEC’’ or ‘‘the
Commission’’) is adjusting certain
expenditure and contribution
limitations set forth in the Federal
Election Campaign Act of 1971, as
amended (‘‘FECA’’ or ‘‘the Act’’), to
account for increases in the consumer
price index. Additional details appear
in the supplemental information that
follows.
Under 2 U.S.C. 441a(c), the
Commission must adjust the
expenditure limitations established by 2
U.S.C. 441a(d) (the limits on
expenditures by national party
committees, state party committees, or
their subordinate committees in
connection with the general election
campaign of candidates for Federal
office) annually to account for inflation.
This expenditure limitation is increased
by the percent difference between the
price index, as certified to the
Commission by the Secretary of Labor,
for the 12 months preceding the
beginning of the calendar year and the
price index for the base period (calendar
year 1974).
The effective date for
the limit at 2 U.S.C. 441a(a)(1)(A) is
November 8, 2006. The effective date for
the limits at 2 U.S.C. 441a(a)(1)(B),
441a(a)(3), 441a(d) and 441a(h) is
January 1, 2007.
FOR FURTHER INFORMATION CONTACT: Mr.
Gregory J. Scott, Information Division,
999 E Street, NW., Washington, DC
20463; (202) 694–1100 or (800) 424–
9530.
EFFECTIVE DATE:
1. Expenditure Limitation for House of
Representatives
Both the national and state party
committees have an expenditure
limitation for each general election held
to fill a seat in the House of
Representatives. The formula used to
calculate the expenditure limitation in a
state with more than one congressional
district multiplies the base figure of
$10,000 by the price index (4.089),
rounding to the nearest $100. Based
upon this formula, the expenditure
limitation for 2007 House elections in
those states is $40,900. The formula
used to calculate the expenditure
limitation in a state with only one
congressional district is the greater of:
the base figure ($20,000) multiplied by
the price index (4.089) (which totals
$81,800); or $0.02 multiplied by the
voting age population (‘‘VAP’’) of the
state, multiplied by the price index.
Amounts are rounded to the nearest
$100. Based upon this formula, the
expenditure limitation for 2007 House
elections in these states is $81,800. See
2 U.S.C. 441a(d)(3) and 11 CFR
109.32(b).
2. Expenditure Limitation for Senate
Both the national and state party
committees have an expenditure
limitation for a general election held to
fill a seat in the Senate. The formula
used to calculate the Senate expenditure
limitation considers not only the price
index but also the VAP of the state. The
expenditure limitation is the greater of:
the base figure ($20,000) multiplied by
the price index (which totals $81,800);
or $0.02 multiplied by the VAP of the
state, multiplied by the price index.
Amounts are rounded to the nearest
$100. See 2 U.S.C. 441a(d)(3) and 11
CFR 109.32(b). The chart below
provides the state-by-state breakdown of
the 2007 expenditure limitations for
Senate elections.
SENATE EXPENDITURE LIMITATIONS—2007 ELECTIONS
VAP
(in thousands)
mstockstill on PROD1PC66 with NOTICES
State
Alabama ...........................................................................................................................
Alaska ..............................................................................................................................
Arizona .............................................................................................................................
Arkansas ..........................................................................................................................
California ..........................................................................................................................
Colorado ..........................................................................................................................
Connecticut ......................................................................................................................
Delaware ..........................................................................................................................
Florida ..............................................................................................................................
Georgia ............................................................................................................................
Hawaii ..............................................................................................................................
Idaho ................................................................................................................................
Illinois ...............................................................................................................................
Indiana .............................................................................................................................
Iowa .................................................................................................................................
Kansas .............................................................................................................................
VAP × .02
multiplied by the
price index
(4.089)
Expenditure limit
(the greater of
the amount in
column 3 or
$81,800)
$285,000
40,000
371,100
173,400
2,201,900
293,100
219,700
53,200
1,150,500
565,000
80,700
87,700
786,500
387,300
185,800
169,100
$285,000
81,800
371,100
173,400
2,201,900
293,100
219,700
81,800
1,150,500
565,000
81,800
87,700
786,500
387,300
185,800
169,100
3,485
489
4,538
2,120
26,925
3,584
2,687
650
14,068
6,909
987
1,072
9,617
4,736
2,272
2,068
1 Public Law 107–155, 116 Stat. 81 (Mar. 27,
2002).
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5295
Federal Register / Vol. 72, No. 23 / Monday, February 5, 2007 / Notices
SENATE EXPENDITURE LIMITATIONS—2007 ELECTIONS—Continued
VAP
(in thousands)
State
Kentucky ..........................................................................................................................
Louisiana ..........................................................................................................................
Maine ...............................................................................................................................
Maryland ..........................................................................................................................
Massachusetts .................................................................................................................
Michigan ...........................................................................................................................
Minnesota ........................................................................................................................
Mississippi ........................................................................................................................
Missouri ............................................................................................................................
Montana ...........................................................................................................................
Nebraska ..........................................................................................................................
Nevada .............................................................................................................................
New Hampshire ...............................................................................................................
New Jersey ......................................................................................................................
New Mexico .....................................................................................................................
New York .........................................................................................................................
North Carolina ..................................................................................................................
North Dakota ....................................................................................................................
Ohio .................................................................................................................................
Oklahoma .........................................................................................................................
Oregon .............................................................................................................................
Pennsylvania ....................................................................................................................
Rhode Island ....................................................................................................................
South Carolina .................................................................................................................
South Dakota ...................................................................................................................
Tennessee .......................................................................................................................
Texas ...............................................................................................................................
Utah .................................................................................................................................
Vermont ...........................................................................................................................
Virginia .............................................................................................................................
Washington ......................................................................................................................
West Virginia ....................................................................................................................
Wisconsin .........................................................................................................................
Wyoming ..........................................................................................................................
Contribution Limitation Increases for
Individuals, Nonmulticandidate
Committees and for Certain Political
Party Committees Giving to U.S. Senate
Candidates for 2007–2008 Election
Cycle
BCRA amended the Act to extend
inflation indexing to: (1) The limitations
on contributions made by persons under
2 U.S.C. 441a(a)(1)(A) (contributions to
candidates) and 441a(a)(1)(B)
(contributions to national party
committees); (2) the biennial aggregate
contribution limits applicable to
individuals under 2 U.S.C. 441a(a)(3);
and (3) the limitation on contributions
made to U.S. Senate candidates by
certain political party committees at 2
U.S.C. 441a(h) and 2 U.S.C. 441a(c).
These contribution limitations are
increased by multiplying the respective
statutory contribution amount by the
percent difference between the price
mstockstill on PROD1PC66 with NOTICES
U.S.C.
U.S.C.
U.S.C.
U.S.C.
U.S.C.
Expenditure limit
(the greater of
the amount in
column 3 or
$81,800)
262,300
261,500
85,100
348,000
407,900
622,900
319,800
175,900
362,000
59,500
108,200
152,200
83,200
542,600
118,300
1,209,700
548,000
40,200
712,100
219,600
232,600
788,000
67,900
268,400
48,000
375,900
1,391,400
143,900
40,200
477,300
398,300
116,900
347,100
32,100
262,300
261,500
85,100
348,000
407,900
622,900
319,800
175,900
362,000
81,800
108,200
152,200
83,200
542,600
118,300
1,209,700
548,000
81,800
712,100
219,600
232,600
788,000
81,800
268,400
81,800
375,900
1,391,400
143,900
81,800
477,300
398,300
116,900
347,100
81,800
3,207
3,198
1,041
4,255
4,988
7,617
3,910
2,151
4,426
727
1,323
1,861
1,017
6,635
1,446
14,792
6,701
491
8,708
2,685
2,844
9,636
830
3,282
587
4,596
17,014
1,759
491
5,836
4,870
1,429
4,244
393
index, as certified to the Commission by
the Secretary of Labor, for the 12
months preceding the beginning of the
calendar year and the price index for the
base period (calendar year 2001). The
resulting amount is rounded to the
nearest multiple of $100. See 2 U.S.C.
441a(c) and 11 CFR 110.17(b). The
Commission has calculated the
applicable percent difference to be 13.9
percent. Contribution limitations shall
be adjusted accordingly:
Statutory
amount
Statutory provision
2
2
2
2
2
VAP × .02
multiplied by the
price index
(4.089)
441a(a)(1)(A) ....................................................................................................................................
441a(a)(1)(B) ....................................................................................................................................
441a(a)(3)(A) ....................................................................................................................................
441a(a)(3)(B) ....................................................................................................................................
441a(h) ..............................................................................................................................................
The increased limitation at 2 U.S.C.
441a(a)(1)(A) is to be in effect for the 2
year period beginning on the first day
following the date of the general
election in the preceding year and
ending on the date of the next regularly
VerDate Aug<31>2005
15:07 Feb 02, 2007
Jkt 211001
scheduled election. Thus the $2,300
figure above is in effect from November
8, 2006, to November 4, 2008. The
limitations under 2 U.S.C. 441a(a)(1)(B),
441a(a)(3)(A) and (B), and 441a(h), shall
be in effect beginning January 1st of the
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$2,000
25,000
37,500
57,500
35,000
2007–2008
limitation
$2,300
28,500
42,700
65,500
39,900
odd-numbered year and ending on
December 31st of the next evennumbered year. Thus the new
contribution limits under 2 U.S.C.
441a(a)(1)(B), 441a(a)(3)(A) and (B), and
441a(h) are in effect from January 1,
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5296
Federal Register / Vol. 72, No. 23 / Monday, February 5, 2007 / Notices
must be received not later than February
20, 2007.
Dated: January 29, 2007.
A. Federal Reserve Bank of Kansas
City (Donna J. Ward, Assistant Vice
Robert D. Lenhard,
President) 925 Grand Avenue, Kansas
Chairman, Federal Election Commission.
City, Missouri 64198-0001:
[FR Doc. E7–1755 Filed 2–2–07; 8:45 am]
1. Melanie Ranee Christain and Victor
BILLING CODE 6715–01–P
Lee Christain, both of Oklahoma City,
Oklahoma; to acquire voting shares of
FEDERAL ELECTION COMMISSION
First State Bancorporation of Watonga,
Inc., and thereby indirectly acquire
Sunshine Act Notices
voting shares of First State Bank, both
in Watonga, Oklahoma.
AGENCY: Federal Election Commission.
B. Federal Reserve Bank of San
DATE & TIME: Thursday, February 8,
Francisco (Tracy Basinger, Director,
2007 at 10 a.m.
Regional and Community Bank Group)
PLACE: 999 E Street, NW., Washington,
101 Market Street, San Francisco,
DC (ninth floor).
California 94105-1579:
STATUS: This meeting will be open to the
1. Bishop Limited Partnership; to
public.
acquire additional voting shares of
ITEMS TO BE DISCUSSED:
Skagit State Bancorp, Inc., and thereby
Correction and Approval of Minutes.
indirectly acquire voting shares of
Advisory Opinion 2006–34: Working
Skagit State Bank, all of Burlington,
Assets, Inc., by counsel, Joseph E.
Washington.
Sandler and Frederick K. Lowell.
Board of Governors of the Federal Reserve
Advisory Opinion 2006–36: Green
System, January 31, 2007.
Senatorial Campaign Committee, by
Robert deV. Frierson,
Dean Myerson, Treasurer.
Advisory Opinion 2006–38: Senator
Deputy Secretary of the Board.
Robert P. Casey, Jr. and the Casey
[FR Doc. E7–1779 Filed 2–2–07; 8:45 am]
State Committee by counsel, Marc E.
BILLING CODE 6210–01–S
Elias and Caroline P. Goodson.
Policy Statement Establishing A Pilot
Program for Probable Cause Hearings. FEDERAL RESERVE SYSTEM
PERSON TO CONTACT FOR INFORMATION:
Mr. Robert Biersack, Press Officer,
Change in Bank Control Notices,
Telephone: (202) 694–1220.
Acquisition of Shares of Bank or Bank
Holding Companies; Correction
Mary W. Dove,
2007, to December 31, 2008. See 11 CFR
110.17(b)(1).
Secretary of the Commission.
[FR Doc. 07–525 Filed 2–1–07; 3:39 pm]
BILLING CODE 6715–01–M
FEDERAL RESERVE SYSTEM
mstockstill on PROD1PC66 with NOTICES
Change in Bank Control Notices;
Acquisition of Shares of Bank or Bank
Holding Companies
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire a bank or bank
holding company. The factors that are
considered in acting on the notices are
set forth in paragraph 7 of the Act (12
U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the office of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
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15:07 Feb 02, 2007
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This notice corrects a notice (FR Doc.
07-1536) published on pages 4507-4508
of the issue for Wednesday, January 31,
2007.
Under the Federal Reserve Bank of
Atlanta heading, the entry for Brenda
Morris Griner, is revised to read as
follows:
A. Federal Reserve Bank of Atlanta
(Andre Anderson, Vice President) 1000
Peachtree Street, N.E., Atlanta, Georgia
30309:
1. Brenda Morris Griner, Columbia,
Mississippi; to acquire additional voting
shares of First Federal Bancorp, and
thereby indirectly acquire additional
voting shares of First Southern Bank,
both of Columbia, Mississippi.
Comments on this application must
be received by February 15, 2007.
FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in
Permissible Nonbanking Activities or
to Acquire Companies that are
Engaged in Permissible Nonbanking
Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y (12
CFR Part 225) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 225.28 of Regulation Y
(12 CFR 225.28) or that the Board has
determined by Order to be closely
related to banking and permissible for
bank holding companies. Unless
otherwise noted, these activities will be
conducted throughout the United States.
Each notice is available for inspection
at the Federal Reserve Bank indicated.
The notice also will be available for
inspection at the offices of the Board of
Governors. Interested persons may
express their views in writing on the
question whether the proposal complies
with the standards of section 4 of the
BHC Act. Additional information on all
bank holding companies may be
obtained from the National Information
Center website at www.ffiec.gov/nic/.
Unless otherwise noted, comments
regarding the applications must be
received at the Reserve Bank indicated
or the offices of the Board of Governors
not later than February 20, 2007.
A. Federal Reserve Bank of Chicago
(Patrick M. Wilder, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690-1414:
1. First Berne Financial Corporation,
Berne, Indiana; to continue to engage de
novo in extending credit and servicing
loans, pursuant to section 225.28(b)(1)
of Regulation Y.
Board of Governors of the Federal Reserve
System, January 31, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc.E7–1778 Filed 2–2–07; 8:45 am]
BILLING CODE 6210–01–S
Board of Governors of the Federal Reserve
System, January 31, 2007.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E7–1780 Filed 2–2–07; 8:45 am]
BILLING CODE 6210–01–S
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]]>Agencies
[Federal Register Volume 72, Number 23 (Monday, February 5, 2007)]
[Notices]
[Pages 5294-5296]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-1755]
=======================================================================
-----------------------------------------------------------------------
FEDERAL ELECTION COMMISSION
[Notice 2007-2]
Price Index Increases for Expenditure and Contribution
Limitations
AGENCY: Federal Election Commission.
ACTION: Notice of expenditure and contribution limitation increases.
-----------------------------------------------------------------------
SUMMARY: As mandated by provisions of the Bipartisan Campaign Reform
Act of 2002 (``BCRA''), the Federal Election Commission (``FEC'' or
``the Commission'') is adjusting certain expenditure and contribution
limitations set forth in the Federal Election Campaign Act of 1971, as
amended (``FECA'' or ``the Act''), to account for increases in the
consumer price index. Additional details appear in the supplemental
information that follows.
EFFECTIVE DATE: The effective date for the limit at 2 U.S.C.
441a(a)(1)(A) is November 8, 2006. The effective date for the limits at
2 U.S.C. 441a(a)(1)(B), 441a(a)(3), 441a(d) and 441a(h) is January 1,
2007.
FOR FURTHER INFORMATION CONTACT: Mr. Gregory J. Scott, Information
Division, 999 E Street, NW., Washington, DC 20463; (202) 694-1100 or
(800) 424-9530.
SUPPLEMENTARY INFORMATION: Under the Federal Election Campaign Act of
1971, 2 U.S.C. 431 et seq., as amended by the Bipartisan Campaign
Reform Act of 2002, \1\ coordinated party expenditure limits (2 U.S.C.
441a(d)(3)(A) and (B)), and certain contribution limits (2 U.S.C.
441a(a)(1)(A) and (B), (a)(3), (d) and (h)), are adjusted either
annually or biennially by the increase in the consumer price index. See
2 U.S.C. 441a(c)(1) and 11 CFR 110.17. The Commission is publishing
this notice to announce these limits for 2007 or the 2007-2008 election
cycle.
---------------------------------------------------------------------------
\1\ Public Law 107-155, 116 Stat. 81 (Mar. 27, 2002).
---------------------------------------------------------------------------
Coordinated Party Expenditure Limits for 2007
Under 2 U.S.C. 441a(c), the Commission must adjust the expenditure
limitations established by 2 U.S.C. 441a(d) (the limits on expenditures
by national party committees, state party committees, or their
subordinate committees in connection with the general election campaign
of candidates for Federal office) annually to account for inflation.
This expenditure limitation is increased by the percent difference
between the price index, as certified to the Commission by the
Secretary of Labor, for the 12 months preceding the beginning of the
calendar year and the price index for the base period (calendar year
1974).
1. Expenditure Limitation for House of Representatives
Both the national and state party committees have an expenditure
limitation for each general election held to fill a seat in the House
of Representatives. The formula used to calculate the expenditure
limitation in a state with more than one congressional district
multiplies the base figure of $10,000 by the price index (4.089),
rounding to the nearest $100. Based upon this formula, the expenditure
limitation for 2007 House elections in those states is $40,900. The
formula used to calculate the expenditure limitation in a state with
only one congressional district is the greater of: the base figure
($20,000) multiplied by the price index (4.089) (which totals $81,800);
or $0.02 multiplied by the voting age population (``VAP'') of the
state, multiplied by the price index. Amounts are rounded to the
nearest $100. Based upon this formula, the expenditure limitation for
2007 House elections in these states is $81,800. See 2 U.S.C.
441a(d)(3) and 11 CFR 109.32(b).
2. Expenditure Limitation for Senate
Both the national and state party committees have an expenditure
limitation for a general election held to fill a seat in the Senate.
The formula used to calculate the Senate expenditure limitation
considers not only the price index but also the VAP of the state. The
expenditure limitation is the greater of: the base figure ($20,000)
multiplied by the price index (which totals $81,800); or $0.02
multiplied by the VAP of the state, multiplied by the price index.
Amounts are rounded to the nearest $100. See 2 U.S.C. 441a(d)(3) and 11
CFR 109.32(b). The chart below provides the state-by-state breakdown of
the 2007 expenditure limitations for Senate elections.
Senate Expenditure Limitations--2007 Elections
----------------------------------------------------------------------------------------------------------------
Expenditure
VAP x .02 limit (the
State VAP (in multiplied by greater of the
thousands) the price index amount in column
(4.089) 3 or $81,800)
----------------------------------------------------------------------------------------------------------------
Alabama................................................... 3,485 $285,000 $285,000
Alaska.................................................... 489 40,000 81,800
Arizona................................................... 4,538 371,100 371,100
Arkansas.................................................. 2,120 173,400 173,400
California................................................ 26,925 2,201,900 2,201,900
Colorado.................................................. 3,584 293,100 293,100
Connecticut............................................... 2,687 219,700 219,700
Delaware.................................................. 650 53,200 81,800
Florida................................................... 14,068 1,150,500 1,150,500
Georgia................................................... 6,909 565,000 565,000
Hawaii.................................................... 987 80,700 81,800
Idaho..................................................... 1,072 87,700 87,700
Illinois.................................................. 9,617 786,500 786,500
Indiana................................................... 4,736 387,300 387,300
Iowa...................................................... 2,272 185,800 185,800
Kansas.................................................... 2,068 169,100 169,100
[[Page 5295]]
Kentucky.................................................. 3,207 262,300 262,300
Louisiana................................................. 3,198 261,500 261,500
Maine..................................................... 1,041 85,100 85,100
Maryland.................................................. 4,255 348,000 348,000
Massachusetts............................................. 4,988 407,900 407,900
Michigan.................................................. 7,617 622,900 622,900
Minnesota................................................. 3,910 319,800 319,800
Mississippi............................................... 2,151 175,900 175,900
Missouri.................................................. 4,426 362,000 362,000
Montana................................................... 727 59,500 81,800
Nebraska.................................................. 1,323 108,200 108,200
Nevada.................................................... 1,861 152,200 152,200
New Hampshire............................................. 1,017 83,200 83,200
New Jersey................................................ 6,635 542,600 542,600
New Mexico................................................ 1,446 118,300 118,300
New York.................................................. 14,792 1,209,700 1,209,700
North Carolina............................................ 6,701 548,000 548,000
North Dakota.............................................. 491 40,200 81,800
Ohio...................................................... 8,708 712,100 712,100
Oklahoma.................................................. 2,685 219,600 219,600
Oregon.................................................... 2,844 232,600 232,600
Pennsylvania.............................................. 9,636 788,000 788,000
Rhode Island.............................................. 830 67,900 81,800
South Carolina............................................ 3,282 268,400 268,400
South Dakota.............................................. 587 48,000 81,800
Tennessee................................................. 4,596 375,900 375,900
Texas..................................................... 17,014 1,391,400 1,391,400
Utah...................................................... 1,759 143,900 143,900
Vermont................................................... 491 40,200 81,800
Virginia.................................................. 5,836 477,300 477,300
Washington................................................ 4,870 398,300 398,300
West Virginia............................................. 1,429 116,900 116,900
Wisconsin................................................. 4,244 347,100 347,100
Wyoming................................................... 393 32,100 81,800
----------------------------------------------------------------------------------------------------------------
Contribution Limitation Increases for Individuals, Nonmulticandidate
Committees and for Certain Political Party Committees Giving to U.S.
Senate Candidates for 2007-2008 Election Cycle
BCRA amended the Act to extend inflation indexing to: (1) The
limitations on contributions made by persons under 2 U.S.C.
441a(a)(1)(A) (contributions to candidates) and 441a(a)(1)(B)
(contributions to national party committees); (2) the biennial
aggregate contribution limits applicable to individuals under 2 U.S.C.
441a(a)(3); and (3) the limitation on contributions made to U.S. Senate
candidates by certain political party committees at 2 U.S.C. 441a(h)
and 2 U.S.C. 441a(c). These contribution limitations are increased by
multiplying the respective statutory contribution amount by the percent
difference between the price index, as certified to the Commission by
the Secretary of Labor, for the 12 months preceding the beginning of
the calendar year and the price index for the base period (calendar
year 2001). The resulting amount is rounded to the nearest multiple of
$100. See 2 U.S.C. 441a(c) and 11 CFR 110.17(b). The Commission has
calculated the applicable percent difference to be 13.9 percent.
Contribution limitations shall be adjusted accordingly:
------------------------------------------------------------------------
Statutory 2007-2008
Statutory provision amount limitation
------------------------------------------------------------------------
2 U.S.C. 441a(a)(1)(A).............. $2,000 $2,300
2 U.S.C. 441a(a)(1)(B).............. 25,000 28,500
2 U.S.C. 441a(a)(3)(A).............. 37,500 42,700
2 U.S.C. 441a(a)(3)(B).............. 57,500 65,500
2 U.S.C. 441a(h).................... 35,000 39,900
------------------------------------------------------------------------
The increased limitation at 2 U.S.C. 441a(a)(1)(A) is to be in
effect for the 2 year period beginning on the first day following the
date of the general election in the preceding year and ending on the
date of the next regularly scheduled election. Thus the $2,300 figure
above is in effect from November 8, 2006, to November 4, 2008. The
limitations under 2 U.S.C. 441a(a)(1)(B), 441a(a)(3)(A) and (B), and
441a(h), shall be in effect beginning January 1st of the odd-numbered
year and ending on December 31st of the next even-numbered year. Thus
the new contribution limits under 2 U.S.C. 441a(a)(1)(B), 441a(a)(3)(A)
and (B), and 441a(h) are in effect from January 1,
[[Page 5296]]
2007, to December 31, 2008. See 11 CFR 110.17(b)(1).
Dated: January 29, 2007.
Robert D. Lenhard,
Chairman, Federal Election Commission.
[FR Doc. E7-1755 Filed 2-2-07; 8:45 am]
BILLING CODE 6715-01-P
