8526 Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Notices 

1Currently, these are Puerto Rico, American 

Samoa, Guam, the United States Virgin Islands and 

the Northern Mariana Islands. See https://

www.house.gov/representatives. 

2Currently, these states are: Alaska, Delaware, 

North Dakota, South Dakota, Vermont and 

Wyoming. See https://www.house.gov/ 

representatives/. 

PLACE: You may observe this meeting in 

person at 1501 Farm Credit Drive, 

McLean, Virginia 22102–5090, or 

virtually. If you would like to observe, 

at least 24 hours in advance, visit 

FCA.gov, select ‘‘Newsroom,’’ then 

select ‘‘Events.’’ From there, access the 

linked ‘‘Instructions for board meeting 

visitors’’ and complete the described 

registration process. 

STATUS: This meeting will be open to the 

public. 

MATTERS TO BE CONSIDERED: The 

following matters will be considered: 

• Approval of Minutes for January 8, 

2025 

• Regulatory Burden Final Notice 

CONTACT PERSON FOR MORE INFORMATION: 

If you need more information or 

assistance for accessibility reasons, or 

have questions, contact Ashley 

Waldron, Secretary to the Board. 

Telephone: 703–883–4009. TTY: 703– 

883–4056. 

Ashley Waldron, 

Secretary to the Board. 

[FR Doc. 2025–02046 Filed 1–28–25; 4:15 pm] 

BILLING CODE 6705–01–P 

FEDERAL ELECTION COMMISSION 

[Notice 2025–01] 

Price Index Adjustments for 

Contribution and Expenditure 

Limitations and Lobbyist Bundling 

Disclosure Threshold 

AGENCY: Federal Election Commission. 

ACTION: Notice of adjustments to 

contribution and expenditure 

limitations and lobbyist bundling 

disclosure threshold. 

SUMMARY: As mandated by provisions of 

the Federal Election Campaign Act (‘‘the 

Act’’), the Federal Election Commission 

(‘‘the Commission’’) is adjusting certain 

contribution and expenditure 

limitations and the lobbyist bundling 

disclosure threshold set forth in the Act, 

to index the amounts for inflation. 

Additional details appear in the 

supplemental information that follows. 

DATES: The new limitation at 52 U.S.C. 

30116(a)(1)(A) applies beginning on 

November 6, 2024. The new limitations 

at 52 U.S.C. 30104(i)(3)(A), 

30116(a)(1)(B), 30116(d) and 30116(h) 

apply beginning on January 1, 2025. 

ADDRESSES: 1050 First Street NE, 

Washington, DC 20463. 

FOR FURTHER INFORMATION CONTACT: Ms. 

Elizabeth S. Kurland, Information 

Division, (202) 694–1100 or (800) 424– 

9530, info@fec.gov. 

SUPPLEMENTARY INFORMATION: Under the 

Federal Election Campaign Act, 52 

U.S.C. 30101–45, coordinated party 

expenditure limits (52 U.S.C. 

30116(d)(2)–(3)), certain contribution 

limits (52 U.S.C. 30116(a)(1)(A) and (B), 

and (h)), and the disclosure threshold 

for contributions bundled by lobbyists 

(52 U.S.C. 30104(i)(3)(A)) are adjusted 

periodically to reflect changes in the 

consumer price index. See 52 U.S.C. 

30104(i)(3)(B), 30116(c); 11 CFR 

109.32(a)(2), (b)(3), 110.17(a), (f). The 

Commission is publishing this notice to 

announce the adjusted limits and 

disclosure threshold. 

Coordinated Party Expenditure Limits 

for 2025 

Under 52 U.S.C. 30116(c), the 

Commission must adjust the 

expenditure limitations established by 

52 U.S.C. 30116(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). 52 U.S.C. 30116(c)(1)(B)(i), 

(2)(B)(i). 

1. Expenditure Limitation for House of 

Representatives in States With More 

Than One Congressional District 

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 in states with more than 

one congressional district. See 52 U.S.C. 

30116(d)(3)(B). This limitation also 

applies to the District of Columbia and 

territories that elect individuals to the 

office of Delegate or Resident 

Commissioner.1 Id. The formula used to 

calculate the expenditure limitation in 

such states and territories multiplies the 

base figure of $10,000 by the difference 

in the price index (6.36203), rounding to 

the nearest $100. See 52 U.S.C. 

30116(c)(1)(B), (d)(3)(B); 11 CFR 

109.32(b), 110.17. Based upon this 

formula, the expenditure limitation for 

2025 general elections for House 

candidates in these states, districts, and 

territories is $63,600. 

2. Expenditure Limitation for Senate 

and for House of Representatives in 

States With Only One Congressional 

District 

Both the national and state party 

committees have an expenditure 

limitation for a general election held to 

fill a seat in the Senate or in the House 

of Representatives in states with only 

one congressional district. See 52 U.S.C. 

30116(d)(3)(A). The formula used to 

calculate this expenditure limitation 

considers not only the price index but 

also the voting age population (‘‘VAP’’) 

of the state. Id. The VAP figures used to 

calculate the expenditure limitations 

were certified by the U.S. Census 

Bureau. The VAP of each state is also 

published annually in the Federal 

Register by the U.S. Department of 

Commerce. 11 CFR 110.18. The general 

election expenditure limitation is the 

greater of: The base figure ($20,000) 

multiplied by the difference in the price 

index, 6.36203 (which totals $127,200); 

or $0.02 multiplied by the VAP of the 

state, multiplied by 6.36203. See 52 

U.S.C. 30116(c)(1)(B), (d)(3)(A); 11 CFR 

109.32(b), 110.17. Amounts are rounded 

to the nearest $100. 52 U.S.C. 

30116(c)(1)(B)(iii); 11 CFR 109.32(b)(3), 

110.17(c). The chart below provides the 

state-by-state breakdown of the 2025 

general election expenditure limitations 

for Senate elections. The expenditure 

limitation for 2025 House elections in 

states with only one congressional 

district 2 is $127,200. 


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Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Notices 8527 

3This expenditure limit does not apply to the 

District of Columbia, Puerto Rico, American Samoa, 

Guam, the United States Virgin Islands, and the 

Northern Mariana Islands because those 

jurisdictions do not elect Senators. See 52 U.S.C. 

30116(d)(3)(A); 11 CFR 109.32(b)(2)(i). 

SENATE GENERAL ELECTION COORDINATED EXPENDITURE LIMITS—2025 ELECTIONS 3

State 

Voting Age 

Population 

(VAP) 

VAP × .02 × the 

price index 

(6.36203) 

Senate expenditure limit 

(the greater of the amount 

in column 3 or $127,200) 

Alabama ..................................................................................................... 4,022,842 $511,900 $511,900 

Alaska ........................................................................................................ 565,186 71,900 127,200 

Arizona ....................................................................................................... 5,994,209 762,700 762,700 

Arkansas .................................................................................................... 2,386,510 303,700 303,700 

California .................................................................................................... 31,012,711 3,946,100 3,946,100 

Colorado .................................................................................................... 4,744,328 603,700 603,700 

Connecticut ................................................................................................ 2,947,242 375,000 375,000 

Delaware .................................................................................................... 838,204 106,700 127,200 

Florida ........................................................................................................ 18,872,523 2,401,400 2,401,400 

Georgia ...................................................................................................... 8,640,127 1,099,400 1,099,400 

Hawaii ........................................................................................................ 1,152,797 146,700 146,700 

Idaho .......................................................................................................... 1,533,172 195,100 195,100 

Illinois ......................................................................................................... 10,012,697 1,274,000 1,274,000 

Indiana ....................................................................................................... 5,338,189 679,200 679,200 

Iowa ........................................................................................................... 2,510,913 319,500 319,500 

Kansas ....................................................................................................... 2,278,027 289,900 289,900 

Kentucky .................................................................................................... 3,562,700 453,300 453,300 

Louisiana .................................................................................................... 3,531,346 449,300 449,300 

Maine ......................................................................................................... 1,157,930 147,300 147,300 

Maryland .................................................................................................... 4,891,983 622,500 622,500 

Massachusetts ........................................................................................... 5,780,452 735,500 735,500 

Michigan ..................................................................................................... 8,031,116 1,021,900 1,021,900 

Minnesota .................................................................................................. 4,494,094 571,800 571,800 

Mississippi .................................................................................................. 2,268,423 288,600 288,600 

Missouri ...................................................................................................... 4,873,374 620,100 620,100 

Montana ..................................................................................................... 904,578 115,100 127,200 

Nebraska .................................................................................................... 1,521,153 193,600 193,600 

Nevada ....................................................................................................... 2,579,031 328,200 328,200 

New Hampshire ......................................................................................... 1,159,668 147,600 147,600

New Jersey ................................................................................................ 7,455,868 948,700 948,700 

New Mexico ............................................................................................... 1,682,353 214,100 214,100 

New York ................................................................................................... 15,884,969 2,021,200 2,021,200 

North Carolina ............................................................................................ 8,685,722 1,105,200 1,105,200 

North Dakota .............................................................................................. 611,305 77,800 127,200 

Ohio ........................................................................................................... 9,308,934 1,184,500 1,184,500 

Oklahoma ................................................................................................... 3,129,179 398,200 398,200 

Oregon ....................................................................................................... 3,446,156 438,500 438,500 

Pennsylvania .............................................................................................. 10,448,930 1,329,500 1,329,500 

Rhode Island .............................................................................................. 907,717 115,500 127,200 

South Carolina ........................................................................................... 4,326,760 550,500 550,500 

South Dakota ............................................................................................. 703,963 89,600 127,200

Tennessee ................................................................................................. 5,645,233 718,300 718,300 

Texas ......................................................................................................... 23,625,608 3,006,100 3,006,100 

Utah ........................................................................................................... 2,569,984 327,000 327,000 

Vermont ..................................................................................................... 535,519 68,100 127,200 

Virginia ....................................................................................................... 6,927,764 881,500 881,500 

Washington ................................................................................................ 6,303,143 802,000 802,000 

West Virginia .............................................................................................. 1,421,615 180,900 180,900 

Wisconsin ................................................................................................... 4,719,976 600,600 600,600 

Wyoming .................................................................................................... 459,626 58,500 127,200 

Limitations on Contributions by 

Individuals, Non-Multicandidate 

Committees and Certain Political Party 

Committees Giving to U.S. Senate 

Candidates for the 2025–2026 Election 

Cycle 

The Act requires inflation indexing of: 

(1) The limitations on contributions 

made by persons under 52 U.S.C. 

30116(a)(1)(A) (contributions to 

candidates) and 30116(a)(1)(B) 

(contributions to national party 

committees); and (2) the limitation on 

contributions made to U.S. Senate 

candidates by certain political party 

committees at 52 U.S.C. 30116(h). See 

52 U.S.C. 30116(c). These contribution 

limitations are increased by multiplying 

the respective statutory contribution 

amount by 1.77163, 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). 52 U.S.C. 

30116(c)(1)(B)(i), (2)(B)(ii). The resulting 

amount is rounded to the nearest 

multiple of $100. See 52 U.S.C. 

30116(c); 11 CFR 110.17(b). 

Contribution limitations shall be 

adjusted accordingly: 


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8528 Federal Register / Vol. 90, No. 19 / Thursday, January 30, 2025 / Notices 

Statutory provision Statutory amount 2025–2026 Limit 

52 U.S.C. 30116(a)(1)(A) .......................................................................................................................... $2,000 $3,500 

52 U.S.C. 30116(a)(1)(B) .......................................................................................................................... 25,000 44,300 

52 U.S.C. 30116(h) .................................................................................................................................... 35,000 62,000 

The limitation at 52 U.S.C. 

30116(a)(1)(A) is to be in effect for the 

two-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. 52 U.S.C. 

30116(c)(1)(C); 11 CFR 110.1(b)(1)(ii). 

Thus the $3,500 figure above is in effect 

from November 6, 2024, to November 3, 

2026. The limitations under 52 U.S.C. 

30116(a)(1)(B) and 30116(h) shall be in 

effect beginning January 1st of the oddnumbered year and ending on December 

31st of the next even-numbered year. 11 

CFR 110.1(c)(1)(ii). Thus the new 

contribution limitations under 52 U.S.C. 

30116(a)(1)(B) and 30116(h) are in effect 

from January 1, 2025, to December 31, 

2026. See 11 CFR 110.17(b)(1). 

Lobbyist Bundling Disclosure 

Threshold for 2025 

The Act requires certain political 

committees to disclose contributions 

bundled by lobbyists/registrants and 

lobbyist/registrant political action 

committees once the contributions 

exceed a specified threshold amount. 52 

U.S.C. 30104(i)(1), (i)(3)(A). The 

Commission must adjust this threshold 

amount annually to account for 

inflation. 52 U.S.C. 30104(i)(3)(B). The 

disclosure threshold is increased by 

multiplying the $15,000 statutory 

disclosure threshold by 1.55601, the 

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 2006). See 52 

U.S.C. 30104(i)(3), 30116(c)(1)(B); 11 

CFR 104.22(g). The resulting amount is 

rounded to the nearest multiple of $100. 

52 U.S.C. 30104(i)(3)(B), 

30116(c)(1)(B)(iii); 11 CFR 104.22(g)(4). 

Based upon this formula ($15,000 × 

1.55601), the lobbyist bundling 

disclosure threshold for calendar year 

2025 is $23,300. 

On behalf of the Commission, 

Dated: January 24, 2025. 

Ellen L. Weintraub, 

Chair, Federal Election Commission. 

[FR Doc. 2025–01941 Filed 1–29–25; 8:45 am] 

BILLING CODE 6715–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (Act) (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of a bank 

or bank holding company. The factors 

that are considered in acting on the 

applications are set forth in paragraph 7 

of the Act (12 U.S.C. 1817(j)(7)). 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in paragraph 7 of 

the Act. 

Comments received are subject to 

public disclosure. In general, comments 

received will be made available without 

change and will not be modified to 

remove personal or business 

information including confidential, 

contact, or other identifying 

information. Comments should not 

include any information such as 

confidential information that would not 

be appropriate for public disclosure. 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington, DC 20551–0001, not later 

than February 14, 2025. 

A. Federal Reserve Bank of New York 

(Bank Applications Officer) 33 Liberty 

Street, New York, New York 10045– 

0001. Comments can also be sent 

electronically to 

Comments.applications@ny.frb.org 

1. Lawrence B. Seidman, Wayne, New 

Jersey; Seidman and Associates, LLC, 

Seidman Investment Partnership, LP, 

and Seidman Investment Partnership II, 

LP, all of Parsippany, New Jersey; Broad 

Park Investors, LLC, and Chewy Gooey 

Cookies, LP, both of Livingston, New 

Jersey; LSBK06–08, LLC, Palm Beach, 

Florida; and four trusts for the benefit of 

minor children, Erica J. Fishman, 

individually, and as a trustee, and Craig 

Fishman, as trustee, all of Franklin 

Lakes, New Jersey; Allison B. Hammer, 

Towaco, New Jersey, individually and as 

a trustee of the aforementioned trusts; 

as a group acting in concert, to acquire 

additional voting shares of Bankwell 

Financial Group, Inc., and thereby 

indirectly acquire voting shares of 

Bankwell Bank, both of New Canaan, 

Connecticut. 

B. Federal Reserve Bank of Dallas 

(Karen Smith, Assistant Vice President, 

Mergers & Acquisitions and 

Enforcement) 2200 North Pearl Street, 

Dallas, Texas 75201–2272. Comments 

can also be sent electronically to 

Comments.applications@dal.frb.org: 

1. The Charles J. Whelan, Jr. 2024 

Trust, Cynthia Ann Whelan, 

individually, and as trustee, both of 

Kerrville, Texas; to acquire voting shares 

of Relationship Financial Corporation 

(Company), and thereby indirectly 

acquire voting shares of Guadalupe 

Bank (Bank), both of Kerrville, Texas. 

In addition, Charles Joseph Whelan, 

Jr., Cynthia Ann Whelan, Kevin Joseph 

Whelan, and Adria Nicole Whelan, all 

of Kerrville, Texas; and Leslie Whelan 

White and Aaron James White, both of 

Austin, Texas; as a group acting in 

concert, to retain voting shares of the 

Company, and thereby indirectly retain 

voting shares of the Bank. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Associate Secretary of the Board. 

[FR Doc. 2025–01971 Filed 1–29–25; 8:45 am] 

BILLING CODE P 

FEDERAL TRADE COMMISSION 

[File No. 242 3052] 

General Motors and OnStar, LLC; 

Analysis of Proposed Consent Order 

To Aid Public Comment 

AGENCY: Federal Trade Commission. 

ACTION: Proposed consent agreement; 

request for comment. 

SUMMARY: The consent agreement in this 

matter settles alleged violations of 


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