The most recent reports filed with the Federal Election Commission (FEC) by national committees of the two major parties show that the Republican National Committee raised $22.1 million in the month of April, while the Democratic National Committee raised $19.2 million. These were the largest monthly totals for both committees since the start of 2003. For the period beginning January 1, 2003 through April 30, 2004 the RNC reported receipts of $179.5 million while the DNC raised $91.5 million.
Individuals Still Main Contributors
According to the FEC, contributions from individuals continues to be the largest source of funds for all party committees, representing more than 80 percent of all national party funds. See: Campaign contribution laws for individuals
The Senatorial and Congressional committees of the two major parties have also shown fundraising growth in this cycle. The National Republican Senatorial Committee (NRSC) raised $3.5 million in April for a total of $42.6 million since January of 2003. The Democratic Senatorial Campaign Committee (DSCC) raised $3.1 million in April and $37 million so far in this two year period. The National Republican Congressional Committee (NRCC) raised $8 million in April and $101.1 million for the cycle, while the Democratic Congressional Campaign Committee raised $2 million in April for a total of $42 million since January 2003.
The 2004 election cycle is the first in which national parties have been prohibited from receiving "soft money" as a result of implementation of the Bipartisan Campaign Reform Act of 2002 (BCRA).