3.0.0 3681 2023-01-11T13:21:41Z 2023-01-11T13:21:41Z Senate S S 2010-07-30 111 ssfi00 Finance Committee Senate Standing Referred to 2010-07-30T17:35:50Z Presidential Funding Act of 2010 111 6061 HR 2010-07-30 Referred to House Ways and Means Related bill CRS 2010-07-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-07-30 Sponsor introductory remarks on measure. (CR S6551-6553) IntroReferral B00100 9 Library of Congress 2010-07-30 Introduced in Senate IntroReferral 10000 9 Library of Congress F000061 Sen. Feingold, Russell D. [D-WI] RUSSELL FEINGOLD D WI D. N Government Operations and Politics Administrative law and regulatory procedures Agricultural prices, subsidies, credit Congressional elections Elections, voting, political campaign regulation Farmland Federal Election Commission (FEC) Government information and archives Government trust funds Inflation and prices Judicial review and appeals Public participation and lobbying Tax administration and collection, taxpayers Water use and supply Government Operations and Politics 00 2010-07-30 Introduced in Senate 2010-09-29T22:19:38Z Presidential Funding Act of 2010 - Amends the Internal Revenue Code, with respect to public financing of presidential election campaigns, to: (1) quadruple (from 1:1 to 4:1) the matching rate for contributions to primary election candidates or their authorized committees for contributions not exceeding $200 (currently, $250); (2) eliminate primary and general election spending limits on participating candidates; (3) increase the eligibility threshold for receiving matching payments from $5,000 to $25,000 in contributions from residents of each of at least 20 states; (4) limit the maximum campaign contribution by individuals to $1,000 for primaries (currently, $2,400); (5) allow an inflation adjustment for periods after 2012 for contribution limitations and matching payment amounts; (6) prohibit contributions raised by lobbyists or political action committees from qualifying for matching fund payments; (7) require candidates who accept public financing in primary elections to accept such financing in general elections; (8) change the starting date for payment of matching funds to primary candidates from January 1 of the election year to 6 months before the first presidential primary or caucus; (9) allow an equal payment to eligible candidates in a presidential election of $50 million with additional matching funds according to a specified formula; and (10) increase from $3 to $10 ($6 to $20 for joint returns) the tax checkoff for the Presidential Election Campaign Fund.

Amends the Federal Election Campaign Act of 1971 to: (1) increase to $50 million the limit on coordinated spending by a national party and its presidential candidate; (2) prohibit political parties from spending unregulated funds (soft money) on their national conventions; (3) prohibit an authorized committee of a candidate from establishing a joint fundraising committee with a political committee other than the candidate's authorized committee; and (4) require presidential campaign committees to disclose information about bundled campaign contributions (i.e., a series of contributions exceeding specified threshold amounts).

Amends the Reclamation Reform Act of 1982 to offset the cost of this Act by modifying irrigation subsidies for specified single farm operations.

]]> Presidential Funding Act of 2010 Display Title Presidential Funding Act of 2010 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes. Introduced in Senate IS Short Titles as Introduced Presidential Funding Act of 2010 Introduced in Senate 2010-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3681is/xml/BILLS-111s3681is.xml 2010-07-30 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.