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by Kathy Gill. Updated May 03, 2017. The McCain-Feingold Act is one of the several federal laws that regulates the financing of political campaigns. It is named after its chief sponsors, Republican U.S. Sen. John McCain of Arizona and Democratic U.S. Sen. Russell Feingold of Wisconsin.
The present limits are $2,000 per candidate, $5,000 to a Political Action Committee (PAC), and $25,000 to all federal candidates, parties and PACs. The individual contribution limit was doubled under the McCain-Feingold legislation.