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      Statistical Summary of 12-Month Campaign Activity  of the 2023-2024 Election Cycle

Press ReleaseStatistical Summary of 12-Month Campaign Activity  of the 2023-2024 Election CycleApril 2, 2024 During the first 12 months of the 2024 election cycle, Presidential candidates collected $374.9 million and disbursed $270.8 million, Congressional candidates collected $1.3 billion and disbursed $718.7 million, political parties received $684.5 million and spent $595 million, and political action committees (PACs) raised $3.7 billion and spent $3.1 billion, according to campaign finance reports filed with the Federal Election Commission that cover activity from January 1, 2023 through December 31, 2023. Disbursements for independent expenditures reported in this period totaled $273.6 million. Communication costs reported to the Commission totaled $16,892. No electioneering communications filings were reported to the Commission during this period.
 Activity from Jan. 1, 2023 through Dec. 31, 2023 (figures in millions)
 Filers
                        
                    
                
                    
                        
                        
                            Receipts
                        
                    
                
                    
                        
                        
                            Disbursements2024 Presidential Candidates
                                
                            
                        
                    
                        
                            
                            
                                
                                    $374.9
                                
                            
                        
                    
                        
                            
                            
                                
                                    $270.82024 Congressional Candidates
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1,265.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $718.7Party Committees
                                
                            
                        
                    
                        
                            
                            
                                
                                    $684.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $595.0PACs
                                
                            
                        
                    
                        
                            
                            
                                
                                    $3,654.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $3,059.5
 Communications Filings
                        
                    
                
                    
                        
                        
                            TotalIndependent Expenditures
                                
                            
                        
                    
                        
                            
                            
                                
                                    $273.6Communication Costs
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.0
 This summary of campaign activity in the 2023-2024 election cycle provides a benchmark for comparison with the same reporting period in other cycles. Supporting data tables are linked at the end of each summary section below.
  As of December 31, 2023, 88 individuals had filed campaign finance reports disclosing financial activity in connection with the 2024 presidential election. These candidates reported raising $374.9 million and spending $270.8 million from January 1, 2023 through December 31, 2023. Their combined cash-on-hand was $130.6 million, while their combined debt was $58.2 million as of December 31, 2023. Data summary tables for reports submitted to the Commission through December 31, 2023 by 2024 presidential candidate committees can be found here.
  United States House and Senate candidates running in the 2024 election cycle reported raising a total of $1.3 billion and spending $718.7 million between January 1, 2023 and December 31, 2023. Candidates for the two chambers reported combined total debts of $236 million and combined total cash-on-hand of $1 billion as of December 31, 2023. The following table summarizes campaign finance activity of House and Senate candidates through December 31 of non-election years since the 2011-2012 election cycle.
 12-Month Financial Activity of Congressional Candidates* (dollar figures in millions)
 Year
                        
                    
                
                    
                        
                        
                            No. of Cand.
                        
                    
                
                    
                        
                        
                            Receipts
                        
                    
                
                    
                        
                        
                            Disbursements
                        
                    
                
                    
                        
                        
                            Debts Owed
                        
                    
                
                    
                        
                        
                            Cash on Hand2023
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,536
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1,265.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $718.7
                                
                            
                        
                    
                        
                            
                            
                                
                                    $236.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1,033.22021
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,783
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1,316.9
                                
                            
                        
                    
                        
                            
                            
                                
                                    $720.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $136.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1,112.12019
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,772
                                
                            
                        
                    
                        
                            
                            
                                
                                    $989.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $487.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $81.8
                                
                            
                        
                    
                        
                            
                            
                                
                                    $813.62017
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,739
                                
                            
                        
                    
                        
                            
                            
                                
                                    $879.9
                                
                            
                        
                    
                        
                            
                            
                                
                                    $449.7
                                
                            
                        
                    
                        
                            
                            
                                
                                    $85.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $754.12015
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,048
                                
                            
                        
                    
                        
                            
                            
                                
                                    $601.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $286.6
                                
                            
                        
                    
                        
                            
                            
                                
                                    $52.9
                                
                            
                        
                    
                        
                            
                            
                                
                                    $590.32013
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,086
                                
                            
                        
                    
                        
                            
                            
                                
                                    $610.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $320.7
                                
                            
                        
                    
                        
                            
                            
                                
                                    $49.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $474.92011
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,218
                                
                            
                        
                    
                        
                            
                            
                                
                                    $637.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $299.7
                                
                            
                        
                    
                        
                            
                            
                                
                                    $71.8
                                
                            
                        
                    
                        
                            
                            
                                
                                    $516.4
 The 196 candidates running for Senate in 2023 and 2024 reported total receipts of $421.5 million, disbursements of $234.8 million, debts of $91.1 million and cash-on-hand of $314.6 million. The 1,340 candidates running for the House of Representatives reported combined total receipts of $843.6 million, disbursements of $483.9 million, debts of $144.9 million and cash-on-hand of $718.6 million in the 12-month period. In addition to the 2024 primary and general elections, these numbers encompass financial activity associated with the 2023 and 2024 special elections for California’s 20th Congressional District, California’s Senate seat, New York’s 3rd and 26th Congressional Districts, Ohio’s 6th Congressional District, Rhode Island’s 1st Congressional District, Utah’s 2nd Congressional District, and Virginia’s 4th Congressional District. Data summary tables for reports submitted to the Commission through December 31, 2023 by 2023 and 2024 congressional candidate committees can be found here.
  National, state and local political party committees reported combined total receipts of $684.5 million in federal funds, disbursements of $595 million, debts of $5.9 million, and cash-on-hand of $214.5 million as of December 31, 2023. Of those totals, party committees other than the two major political parties reported receipts of $2.3 million, disbursements of $2.0 million, debts of $0.1 million and a combined cash-on-hand of $1.6 million as of December 31, 2023. (See the footnote in the following table for a list of these other party committees.) The following table summarizes 2023-2024 campaign finance activity of the Democratic National Committee (DNC), Democratic Senatorial Campaign Committee (DSCC), Democratic Congressional Campaign Committee (DCCC), Republican National Committee (RNC), National Republican Senatorial Committee (NRSC) and National Republican Congressional Committee (NRCC), as well as each party’s state and local committees and other party committees.
 Political Party Activity from Jan. 1, 2023 through Dec. 31, 2023 (figures in millions)
 Party Committees
                        
                    
                
                    
                        
                        
                            Receipts
                        
                    
                
                    
                        
                        
                            Disbursements
                        
                    
                
                    
                        
                        
                            Debts Owed
                        
                    
                
                    
                        
                        
                            Cash on HandDNC
                                
                            
                        
                    
                        
                            
                            
                                
                                    $120.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $129.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $21.0DSCC
                                
                            
                        
                    
                        
                            
                            
                                
                                    $74.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $61.6
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $21.3DCCC
                                
                            
                        
                    
                        
                            
                            
                                
                                    $121.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $84.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $53.4State and Local Democratic Party Committees (federal funds)
                                
                            
                        
                    
                        
                            
                            
                                
                                    $104.6
                                
                            
                        
                    
                        
                            
                            
                                
                                    $89.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $2.7
                                
                            
                        
                    
                        
                            
                            
                                
                                    $30.3Total*
                                
                            
                        
                    
                        
                            
                            
                                
                                    $384.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $328.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $3.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $126.0
 Party Committees
                        
                    
                
                    
                        
                        
                            Receipts
                        
                    
                
                    
                        
                        
                            Disbursements
                        
                    
                
                    
                        
                        
                            Debts Owed
                        
                    
                
                    
                        
                        
                            Cash on HandRNC
                                
                            
                        
                    
                        
                            
                            
                                
                                    $87.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $93.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1.8
                                
                            
                        
                    
                        
                            
                            
                                
                                    $8.0NRSC
                                
                            
                        
                    
                        
                            
                            
                                
                                    $78.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $71.8
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $14.4NRCC
                                
                            
                        
                    
                        
                            
                            
                                
                                    $91.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $65.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $42.5State and Local Republican Party Committees (federal funds)
                                
                            
                        
                    
                        
                            
                            
                                
                                    $49.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $41.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $22.0Total*
                                
                            
                        
                    
                        
                            
                            
                                
                                    $298.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $264.4
                                
                            
                        
                    
                        
                            
                            
                                
                                    $2.9
                                
                            
                        
                    
                        
                            
                            
                                
                                    $87.0
 Receipts
                        
                    
                
                    
                        
                        
                            Disbursements
                        
                    
                
                    
                        
                        
                            Debts Owed
                        
                    
                
                    
                        
                        
                            Cash on HandTotal Other Party**
                                
                            
                        
                    
                        
                            
                            
                                
                                    $2.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $2.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1.6
 Receipts
                        
                    
                
                    
                        
                        
                            Disbursements
                        
                    
                
                    
                        
                        
                            Debts Owed
                        
                    
                
                    
                        
                        
                            Cash on HandTotal Party Activity*
                                
                            
                        
                    
                        
                            
                            
                                
                                    $684.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $595.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $5.9
                                
                            
                        
                    
                        
                            
                            
                                
                                    $214.5
 Individuals, for whom contributions to national parties were limited to $41,300 per year during the 2023-24 election cycle, were the largest source of federal funds for party committees’ traditional accounts. Democratic and Republican party committees reported receiving $212.3 million and $179.2 million, respectively, from individuals. PACs and other political committees contributed $35.8 million to Democratic party committees and $33.1 million to Republican party committees as of December 31, 2023. Democratic and Republican House candidate committees transferred $21.4 million and $18.6 million, respectively, from their campaign accounts to their national congressional party committees. Democratic Senate candidate committees transferred $141,085 to the Democratic Senatorial Campaign Committee. Their Republican counterparts transferred $532,000 to the National Republican Senatorial Campaign Committee. Provisions of the Consolidated and Further Continuing Appropriations Act, 2015 (H.R. 83), signed into law in December 2014, enable national party committees to establish accounts to defray certain expenses incurred with respect to Presidential nominating conventions, national party headquarters buildings, and election recounts and contests and other legal proceedings (collectively, “segregated party accounts”). The segregated party accounts of national party committees reported receiving $101 million between January 1 and December 31, 2023. Of that total, the Democratic national party committee segregated party accounts received $48.8 million, while the corresponding Republican national party committee accounts received $52.2 million. Other party committee accounts received $1,657. Headquarters accounts reported the highest receipt total across all the segregated party accounts: $50.8 million. Recount and convention accounts raised $46.0 million and $4.2 million, respectively, through December 31, 2023. Data summary tables for reports submitted by political party committees to the Commission through December 31, 2023 can be found here.
  Based on reports filed with the Commission from January 1, 2023 through December 31, 2023, 7,857 federal PACs reported total receipts of $3.7 billion, disbursements of $3.1 billion, debts of $24.3 million, and combined cash-on-hand of $1.9 billion. The following table summarizes campaign finance activity of PACs based on PAC type in 2023. This table includes both separate segregated funds (SSFs), which have connected organizations such as corporations or labor organizations that establish, administer, or raise money on their behalf, and nonconnected committees.
 PAC Activity from Jan. 1, 2023 through Dec. 31, 2023 (dollar figures in millions)
 Committee Type
                        
                    
                
                    
                        
                        
                            No. of PACs
                        
                    
                
                    
                        
                        
                            Receipts
                        
                    
                
                    
                        
                        
                            Disbursements
                        
                    
                
                    
                        
                        
                            Debts Owed
                        
                    
                
                    
                        
                        
                            Cash on HandSeparate Segregated FundsCorporate
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,606
                                
                            
                        
                    
                        
                            
                            
                                
                                    $190.6
                                
                            
                        
                    
                        
                            
                            
                                
                                    $178.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $232.8Labor
                                
                            
                        
                    
                        
                            
                            
                                
                                    260
                                
                            
                        
                    
                        
                            
                            
                                
                                    $189.9
                                
                            
                        
                    
                        
                            
                            
                                
                                    $130.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $222.6Trade
                                
                            
                        
                    
                        
                            
                            
                                
                                    707
                                
                            
                        
                    
                        
                            
                            
                                
                                    $83.7
                                
                            
                        
                    
                        
                            
                            
                                
                                    $77.8
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $111.7Membership
                                
                            
                        
                    
                        
                            
                            
                                
                                    292
                                
                            
                        
                    
                        
                            
                            
                                
                                    $72.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $57.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $75.9Cooperative
                                
                            
                        
                    
                        
                            
                            
                                
                                    47
                                
                            
                        
                    
                        
                            
                            
                                
                                    $4.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $4.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $8.1Corporations without Stock
                                
                            
                        
                    
                        
                            
                            
                                
                                    78
                                
                            
                        
                    
                        
                            
                            
                                
                                    $5.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $5.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $5.4
 Committee Type
                        
                    
                
                    
                        
                        
                            No. of PACs
                        
                    
                
                    
                        
                        
                            Receipts
                        
                    
                
                    
                        
                        
                            Disbursements
                        
                    
                
                    
                        
                        
                            Debts Owed
                        
                    
                
                    
                        
                        
                            Cash on HandNonconnected PACs*Independent Expenditure-Only Political Committees
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,873
                                
                            
                        
                    
                        
                            
                            
                                
                                    $957.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $663.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $9.4
                                
                            
                        
                    
                        
                            
                            
                                
                                    $644.0Committees w/ Non-Contribution Accounts
                                
                            
                        
                    
                        
                            
                            
                                
                                    669
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1,802.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1,600.9
                                
                            
                        
                    
                        
                            
                            
                                
                                    $7.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $375.4Leadership PACs
                                
                            
                        
                    
                        
                            
                            
                                
                                    753
                                
                            
                        
                    
                        
                            
                            
                                
                                    $161.0
                                
                            
                        
                    
                        
                            
                            
                                
                                    $163.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $0.2
                                
                            
                        
                    
                        
                            
                            
                                
                                    $94.6Other Nonconnected PACs
                                
                            
                        
                    
                        
                            
                            
                                
                                    1,572
                                
                            
                        
                    
                        
                            
                            
                                
                                    $188.1
                                
                            
                        
                    
                        
                            
                            
                                
                                    $179.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $5.7
                                
                            
                        
                    
                        
                            
                            
                                
                                    $109.0
 No. of PACs
                        
                    
                
                    
                        
                        
                            Receipts
                        
                    
                
                    
                        
                        
                            Disbursements
                        
                    
                
                    
                        
                        
                            Debts Owed
                        
                    
                
                    
                        
                        
                            Cash on HandTotal SSF and Nonconnected PAC Activity**
                                
                            
                        
                    
                        
                            
                            
                                
                                    7,857
                                
                            
                        
                    
                        
                            
                            
                                
                                    $3,654.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $3,059.5
                                
                            
                        
                    
                        
                            
                            
                                
                                    $24.3
                                
                            
                        
                    
                        
                            
                            
                                
                                    $1,879.4
 Contributions by PACs to federal candidates seeking office in the 2023-2024 election cycle totaled $205.7 million as of December 31, 2023. PAC contributions to Senate and House candidates totaled $28.4 million and $176.1 million, respectively. PAC contributions to 2024 presidential candidates totaled $1.1 million as of December 31, 2023. Independent Expenditure-Only Political Committees are prohibited from making contributions to candidates. Data summary tables for reports submitted by PACs to the Commission through December 31, 2023 can be found here.
  Independent expenditures reported to the Commission through December 31, 2023 in connection with presidential and congressional elections in the 2023-2024 election cycle totaled $273.6 million.* Independent Expenditure-Only Political Committees accounted for $158.3 million of all independent expenditures disclosed to the Commission, Committees with Non-Contribution Accounts reported $110.2 million, and other PACs reported $3.7 million. Independent expenditures made by persons other than political committees totaled $0.4 million, and party committees reported independent expenditures totaling $1.0 million. Data summary tables for independent expenditure filings submitted to the Commission through December 31, 2023 can be found here.
 
  No electioneering communications were reported to the Commission in connection with the 2023-2024 election cycle. An electioneering communication is a broadcast, cable or satellite communication that refers to a clearly identified federal candidate and is distributed within 30 days prior to a primary election or within 60 days prior to a general election. These communications do not expressly advocate the election or defeat of a federal candidate.
  A provision of the Federal Election Campaign Act of 1971, as amended (the Act), allows corporations and labor organizations to communicate to a “restricted class” of individuals on any subject, including express advocacy of the election or defeat of any Federal candidate. The costs of such communications must be reported to the Commission when the cost exceeds $2,000 per election, but they are not considered independent expenditures. This provision of the Act pre-dates the Supreme Court decision in Citizens United v. FEC, which struck down the ban on independent expenditures and electioneering communications financed by the general treasuries of corporations and labor unions. The Commission received two such filings during the reporting period, disclosing spending of $16,892 in costs for communications to organizations’ restricted classes between January 1, 2023 and December 31, 2023. The data summary table for communication cost filings submitted to the Commission through December 31, 2023 can be found here.
 The Federal Election Commission (FEC) is an independent regulatory agency that administers and enforces federal campaign finance laws. The FEC has jurisdiction over the financing of campaigns for the U.S. House of Representatives, the U.S. Senate, the Presidency and the Vice Presidency. Established in 1975, the FEC is composed of six Commissioners who are nominated by the President and confirmed by the U.S. Senate.
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This information is not intended to replace the law or to change its meaning, nor does this information create or confer any rights for or on any person or bind the Federal Election Commission or the public. The reader is encouraged also to consult the Federal Election Campaign Act of 1971, as amended (52 U.S.C. 30101 et seq.), Commission regulations (Title 11 of the Code of Federal Regulations), Commission advisory opinions and applicable court decisions.


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