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139) A price ceiling will, however, deter some potential circumventers and lower the market's prevailing price if backed by formal penalties, informal penalties, or both.
165) The pre-FECA regulatory regime established a ceiling on the price of donations supplied by individuals and used contribution limits and disclosure requirements to levy penalties against ceiling circumventers.
FECA more effectively harnessed limits and disclosure requirements to penalize circumventers of the donation price ceiling.