Answer :

False, there is no such law that limits the number of political parties that can exist in the United States.

Creating a new national or state political party organization: When new party organizations raise or spend money above a specific threshold in connection with a federal election, they are required to register with the FEC. If a committee has shown sufficient national (or state) activity to be recognized as a national (or state) party committee, the FEC makes that determination. A committee must request an FEC advisory opinion to confirm that it has obtained national (or state) committee status before taking advantage of the higher contribution limitations offered to these party committees. A party organization is not required to register with the FEC if it simply plans to participate in state or local elections.

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