On January 22, the Federal Election Commission raised the limits on how much money individuals may contribute to candidates for federal office, and to national party committees. The limit on a contribution to a candidate had been $2,300 in 2008, but now it is $2,400. The limit on how much an individual can contribute to a national political party has been raised from $28,500 to $30,400. The FEC is empowered to increase these limits for inflation.