The Bipartisan Campaign Reform Act of 2002 (McCain-Feingold)

    To any
candidate committee
(per election1)		 To any national
party committee
(per year)		 To any PAC, state/local party, or other political committee (per year) Aggregate Total
Individual can give2 Old law $1,000 $20,000 $5,000 $25,000 per year
New law $2,000 Subject to aggregate limit3 $25,000 per party committee, subject to aggregate limit $10,000 to each state or local party committee (Levin funds4) $95,000 per two-year election cycle as follows:
-$37,000 per cycle to candidates; and
-$57,000 per cycle to all national party committees and PACs (of which no more than $37,500 per cycle can go to PACs)
Multicandidate committee can give5 Old law $5,000 $15,000 $5,000 No limit
New law Same Same Same Same
Other political committee can give Old law $1,000 $20,000 $5,000 No limit
New law Same Same Same Same

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Source
http://www.fecwatch.org/law/index.asp

Note: The provisions of the Bipartisan Campaign Reform Act of 2002 did not take effect until after the 2002 election.

Footnote 1: Primary and general elections count as separate elections.
Footnote 2: Individual contribution limits under the new law will be indexed for inflation.
Footnote 3: Individual contribution limits under the new law are higher for candidates facing wealthy opponents financing their own election.
Footnote 4: Levin funds also can come from corporations and labor unions if allowed by state law.
Footnote 5: Multicandidate committees are those that have more than 50 contributors, that have been registered for at least six months, and (with the exception of state committees) that have made contributions to five or more federal candidates.