Since 2022 is an election year, federal candidates must file 48-hour notices for donations over $1,000 before both the primary and general elections.
According to the FEC, 48-Hour Notices are filed for donations over $1,000 that are received less than 20 days but no more than 48 hours before the day of the election. A 48-Hour Notice is required for all contributions made to the candidate committee including:
Contributions from the candidate
Joint fundraisers in which the campaign participates
Loans from the candidate and other non-bank sources
Endorsements or guarantees of loans from banks
This year, Texas is the first state to hold primaries or a convention this calendar year on March 1, so federal campaign must file 48-Hour Notices between February 10 – February 26, 2022.
Because primary dates vary by state, each Close of Books date and 48-Hour Notice period will be different. It is critical that all federal campaigns check the dates for the correct time to submit a 48-Hour Notice.