So you thought there were only one or two candidates that have declared their intention to run for President in 2016? Well surprise surprise, as of January 15, 2015 there were a total of 154 people who have filed their Statement of Candidacy (FEC Form 2) with the Federal Election Commission.
Each individual who is a candidate for federal office must file an FEC Form 2 within 15 days of becoming a candidate. The candidate may file this form on paper or electronically. Paper filers may choose to send a letter that contains the information required on the FEC Form 2, in lieu of the form itself.
Under the Federal Election Campaign Act of 1971, as amended (the Act), an individual becomes a candidate for federal office when:
* The individual has received contributions aggregating in excess of $5,000 or made expenditures aggregating in excess of $5,000; or
* The individual has given consent to another person to receive contributions or make expenditures on behalf of him or herself and that person has received contributions aggregating in excess of $5,000 or made expenditures aggregating in excess of $5,000 (11 CFR 100.3(a)).