Billionaire Elon Musk is floating a new political party dubbed the "America Party" — but the idea could face major hurdles.

The McCain-Feingold Bipartisan Campaign Reform Act of 2022 set strict limits on donations to political parties. The current limit is just under $450,000 spread across different party purposes.

Elon Musk’s feud with President Donald Trump has reignited, with the tech billionaire threatening to launch a new political party and Trump suggesting Musk could be punished for his opposition.

Since Musk decided to launch a new political party, he'll need to contend with a thicket of complicated state laws, time-consuming ballot access rules and intense litigation.