Federal Funds in the United States

Federal Funds in the context of the Political Party Committees

In this context, Federal Funds may be defined as follows: Funds that comply with the limitations, prohibitions and reporting requirements of the Federal Election Campaign Act (FECA). 300.2(g). Corporations, unions, foreign nationals, national banks and federal government contractors are prohibited from making contributions in connection with a federal election. 52 U.S.C. §§30118, 30119 and 30121. See also 52 U.S.C. §30122 prohibiting contributions in the name of another. Permissible sources of funds for contributions to federal political committees include individuals and entities that are not otherwise prohibited.