1.Short title; table of
contents
(a)This Act may be cited
as the Empowering Citizens
Act
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title; table of contents.
Title I—Reform of Presidential election financing
Subtitle A—Primary elections
Sec. 101. Increase in and modifications to matching
payments.
Sec. 102. Eligibility requirements for matching
payments.
Sec. 103. Inflation adjustment for matching
contributions.
Sec. 104. Repeal of expenditure limitations.
Sec. 105. Period of availability of matching
payments.
Sec. 106. Examination and audits of matchable
contributions.
Sec. 107. Modification to limitation on contributions for
presidential primary candidates.
Subtitle B—General elections
Sec. 111. Modification of eligibility requirements for public
financing.
Sec. 112. Repeal of expenditure limitations and use of
qualified campaign contributions.
Sec. 113. Matching payments and other modifications to payment
amounts.
Sec. 114. Inflation adjustment for payment amounts.
Sec. 115. Increase in limit on coordinated party
expenditures.
Sec. 116. Establishment of uniform date for release of
payments.
Sec. 117. Amounts in Presidential Election Campaign
Fund.
Sec. 118. Use of general election payments for general election
legal and accounting compliance.
Subtitle C—Political conventions
Sec. 121. Repeal of public financing of party
conventions.
Sec. 122. Contributions for political conventions.
Sec. 123. Prohibition on use of soft money.
Title II—Public financing for congressional election
campaigns
Sec. 201. Benefits and eligibility requirements for
Congressional candidates.
Title V—Public financing of congressional election
campaigns
Subtitle A—Benefits
Sec. 501. Benefits for participating candidates.
Sec. 502. Administration of payments.
Sec. 503. Qualified contribution defined.
Subtitle B—Eligibility and certification
Sec. 511. Eligibility.
Sec. 512. Qualified contribution requirements.
Sec. 513. Certification.
Subtitle C—Requirements for Candidates Certified as
Participating Candidates
Sec. 521. Restrictions on certain contributions and
expenditures.
Sec. 522. Remitting unspent funds after election.
Subtitle D—Administrative provisions
Sec. 531. Administration by Commission.
Sec. 532. Violations and penalties.
Sec. 533. Election cycle
defined.
Sec. 202. Permitting unlimited coordinated expenditures by
political party committees on behalf of participating candidates if
expenditures are derived from small dollar contributions.
Sec. 203. Prohibiting use of contributions by participating
candidates for purposes other than campaign for election.
Title III—Coordinated campaign activity
Sec. 301. Clarification of treatment of coordinated
expenditures as contributions to candidates.
Sec. 302. Clarification of ban on fundraising for super PACs by
Federal candidates and officeholders.
Title IV—Use of Presidential Election Campaign Fund for public
financing of Federal elections
Sec. 401. Use of Presidential Election Campaign Fund for
Congressional candidates.
Sec. 402. Revisions to designation of income tax payments by
individual taxpayers.
Sec. 403. Donation to Presidential
Election Campaign Fund.
Title V—Other Campaign Finance Reforms
Sec. 501. Regulations with respect to best efforts for
identifying persons making contributions.
Sec. 502. Prohibition on joint fundraising
committees.
Sec. 503. Disclosure of bundled contributions to presidential
campaigns.
Sec. 504. Judicial review of actions related to campaign
finance laws.
Title VI—Severability; Effective Date
Sec. 601. Severability.
Sec. 602. Effective date.
<enum>I</enum><header>Reform of
Presidential election financing</header>
<subtitle id="H997118B97C594FA7939930C8A31C895E"><enum>A</enum><header>Primary
elections</header>
<section id="HC2E7A123D9A2405387B11FDBF463921D"><enum>101.</enum><header>Increase in and
modifications to matching payments</header>
<subsection id="H1C50DDEC510547508B17115A7D037C58"><enum>(a)</enum><header>Increase and
modification</header>
<paragraph id="H731B588625004EE0B47D802237DABC14"><enum>(1)</enum><header>In
general</header><text>The first sentence of section 9034(a) of the Internal
Revenue Code of 1986 is amended—</text>
<subparagraph id="H0A741097A9C84D7B969279B6EE3E2013"><enum>(A)</enum><text>by striking
<quote>an amount equal to the amount of each contribution</quote> and inserting
<quote>an amount equal to 500 percent of the amount of each matchable
contribution (disregarding any amount of contributions from any person to the
extent that the total of the amounts contributed by such person for the
election exceeds $250)</quote>; and</text>
</subparagraph><subparagraph id="HFAA0D22D562940D08D8520820EEDE820"><enum>(B)</enum><text>by striking
<quote>authorized committees</quote> and all that follows through
<quote>$250</quote> and inserting <quote>authorized committees</quote>.</text>
</subparagraph></paragraph><paragraph id="H34C655F4003D4CA6986580478F957C23"><enum>(2)</enum><header>Matchable
contributions</header><text>Section 9034 of such Code is amended—</text>
<subparagraph id="H00B5B582AA7949E5AA3AAE948E8191AA"><enum>(A)</enum><text>by striking the
last sentence of subsection (a); and</text>
</subparagraph><subparagraph id="H49488D584B90411993BDF71842DF2689"><enum>(B)</enum><text>by inserting after
subsection (b) the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="H72E59FD306E04F10A45CD0803DFF1867" style="OLC">
<subsection id="H6CF7429E060F46E38FA9D300508E35C3"><enum>(c)</enum><header>Matchable
contribution defined</header><text>For purposes of this section and section
9033(b)—</text>
<paragraph id="H13D31288322A4C2DA5FF0B83A38C756C"><enum>(1)</enum><header>Matchable
contribution</header><text>The term <term>matchable contribution</term> means,
with respect to the nomination for election to the office of President of the
United States, a contribution by an individual to a candidate or an authorized
committee of a candidate with respect to which the candidate has certified in
writing that—</text>
<subparagraph id="H9CD7481BAA4E4BE5BD5F61E174B9B893"><enum>(A)</enum><text display-inline="yes-display-inline">the individual making such contribution has
not made aggregate contributions (including such matchable contribution) to
such candidate and the authorized committees of such candidate in excess of 50%
of the limit applicable under paragraph (1)(A) or paragraph (2)(A) of section
315(a) of the Federal Election Campaign Act of 1971 to the amount of a
contribution which may be made to a candidate who is not eligible to receive
payments under section 9037 with respect to such nomination;</text>
</subparagraph><subparagraph id="H4B5D94DA4BF04751B81F52DE02104E1D"><enum>(B)</enum><text>such candidate and
the authorized committees of such candidate will not accept contributions from
such individual (including such matchable contribution) aggregating more than
the amount described in subparagraph (A); and</text>
</subparagraph><subparagraph commented="no" id="HBBC46CA1E3714A22AB390A944D04F22D"><enum>(C)</enum><text>such contribution
was not—</text>
<clause commented="no" id="H2D14E457093248FE8B6576852B744F6B"><enum>(i)</enum><text>forwarded from the
contributor from any person other than an individual, or</text>
</clause><clause commented="no" id="H6E081A21A8CD4133B9E3BE6E089019DF"><enum>(ii)</enum><text>received by the
candidate or committee from a contributor or contributors, but credited by the
committee or candidate to another person who is not an individual through
records, designations, or other means of recognizing that a certain amount of
money has been raised by such person.</text>
</clause></subparagraph></paragraph><paragraph id="HBFDFB97C039C4304AFA84B5C5B736B43"><enum>(2)</enum><header>Contribution</header><text>For
purposes of this subsection, the term <term>contribution</term> means a gift of
money made by a written instrument which identifies the individual making the
contribution by full name and mailing address, but does not include a
subscription, loan, advance, or deposit of money, or anything of value or
anything described in subparagraph (B), (C), or (D) of section
9032(4).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="H03C026A866E947B5A42D3DD8F0D45B41"><enum>(3)</enum><header>Conforming
amendments</header>
<subparagraph id="HDABFD7AD253F4048AA7D95782C0F01ED"><enum>(A)</enum><text>Section 9032(4) of
such Code is amended by striking <quote>section 9034(a)</quote> and inserting
<quote>section 9034</quote>.</text>
</subparagraph><subparagraph id="H055FE806939B4E9887BC0DB10751E6F7"><enum>(B)</enum><text>Section 9033(b)(3)
of such Code is amended by striking <quote>matching contributions</quote> and
inserting <quote>matchable contributions</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H972EF813825341C28E5FB173E54CE238"><enum>(b)</enum><header>Modification of
payment limitation</header><text>Section 9034(b) of the Internal Revenue Code
of 1986 is amended by striking <quote>shall not exceed</quote> and all that
follows and inserting <quote>shall not exceed $100,000,000.</quote></text>
</subsection></section><section id="H548371C4719149019CC69DC5186D2F18"><enum>102.</enum><header>Eligibility
requirements for matching payments</header>
<subsection id="H90B21BF9FDCC4DE190AD390318C1CF1C"><enum>(a)</enum><header>Amount of
aggregate contributions per State; disregarding of amounts contributed in
excess of $250</header><text>Section 9033(b)(3) of the Internal Revenue Code of
1986 is amended—</text>
<paragraph id="H9301D991CBFD440E8697D45FCA6EDAB0"><enum>(1)</enum><text>by striking
<quote>$5,000</quote> and inserting <quote>$25,000</quote>; and</text>
</paragraph><paragraph id="HFEA3D733E4D145EF87682D30F9650533"><enum>(2)</enum><text>by striking
<quote>20 States</quote> and inserting the following: <quote>20 States
(disregarding any amount of contributions from any such resident to the extent
that the total of the amounts contributed by such resident for the election
exceeds $250)</quote> .</text>
</paragraph></subsection><subsection id="H22741818B75C46669FD34211298635A2"><enum>(b)</enum><header>Contribution
limit</header>
<paragraph id="H005A6F0C87B14C7C99E72C305C315034"><enum>(1)</enum><header>In
general</header><text>Paragraph (4) of section 9033(b) of such Code is amended
to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H7AF0E64C60914573991A2CDB3862DB55" style="OLC">
<paragraph id="HC36144C6F1D94868B2E374FDB4835986"><enum>(4)</enum><text>the candidate and
the authorized committees of the candidate will not accept aggregate
contributions from any person with respect to the nomination for election to
the office of President of the United States in excess of 50% of the limit
applicable under paragraph (1)(A) or paragraph (2)(A) of section 315(a) of the
Federal Election Campaign Act of 1971 to the amount of a contribution which may
be made to a candidate who is not eligible to receive payments under section
9037 with respect to such
nomination.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" id="HF04640EB79BB4A48B80B6E1D5D818933"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph commented="no" id="H3B9BFA430435479F9B4FA39E3EE2F822"><enum>(A)</enum><text>Section 9033(b) of
such Code is amended by adding at the end the following new flush
sentence:</text>
<quoted-block display-inline="no-display-inline" id="HCC5DFD5D2D2C4AF195B6A112611E8850" style="OLC">
<quoted-block-continuation-text commented="no" quoted-block-continuation-text-level="subsection">For purposes of paragraph (4), the
term <term>contribution</term> has the meaning given such term in section
301(8) of the Federal Election Campaign Act of
1971.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" id="HD37CAE94537040B2B519C70A80909464"><enum>(B)</enum><text>Section 9032(4) of
such Code, as amended by section 101(a)(3)(A) is amended by inserting <quote>or
9033(b)</quote> after <quote>9034</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H9C7BDD7CC2834B8686601994597D40BC"><enum>(c)</enum><header>Ban on
contributions by lobbyists and PACs</header><text>Section 9033(b) of such Code,
as amended by subsection (b), is amended—</text>
<paragraph id="HCE89DC03767B4063AB96810DC1532AB9"><enum>(1)</enum><text>by striking
<quote>and</quote> at the end of paragraph (3);</text>
</paragraph><paragraph id="HC203852B3B0541F88E27990F1ABB2B61"><enum>(2)</enum><text>by striking the
period at the end of paragraph (4) and inserting <quote>, and</quote>;
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H91FC2CA8C6EC4DBB9164E427A51D091B"><enum>(3)</enum><text>by adding at the
end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H0985393C4C43475DA3481BFB670DA3C7" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="H583E57B259E849928FC7384AB71472C7"><enum>(5)</enum><text>the candidate and
the authorized committee of the candidate will not accept—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="HE4FE2121B3A04327B50A6A863955DC7E"><enum>(A)</enum><text>any contribution
from—</text>
<clause commented="no" display-inline="no-display-inline" id="H4E819EA788544C928176708E98D4EE98"><enum>(i)</enum><text>an individual who
is a current registrant under section 4(a)(1) of the Lobbying Disclosure Act of
1995, or</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H924B70153D6D4955A333732A527C99C2"><enum>(ii)</enum><text>an individual who
is listed on a current registration filed under section 4(b)(6) of such Act or
a current report under section 5(b)(2)(C) of such Act,</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H8FF09CCB6B0F426F9C95A6392E99F7F9"><enum>(B)</enum><text>any bundled
contribution (as defined in section 304(i)(8)) forwarded by or credited to a
person described in section 304(i)(7), and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HF4C7E809EC2945F28BA0DEE32EAEE8CF"><enum>(C)</enum><text>any contribution
from a political committee other than a political committee of a political
party.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H97D75702A595475BBC10CD3D941F3387"><enum>(d)</enum><header>Participation in
system for payments for general election</header><text>Section 9033(b) of such
Code, as amended by subsection (c), is amended—</text>
<paragraph id="H28ECB11A2E154CAEAA5AF9F7229FCBA8"><enum>(1)</enum><text>by striking
<quote>and</quote> at the end of paragraph (4);</text>
</paragraph><paragraph id="H9201A98D4BB5454B9F7ACA882E98C2F1"><enum>(2)</enum><text>by striking the
period at the end of paragraph (5) and inserting <quote>, and</quote>;
and</text>
</paragraph><paragraph id="H656B8DB4193E499EA530CE420DFA7675"><enum>(3)</enum><text>by adding at the
end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HEECBF260A9634158935ED20229BC1209" style="OLC">
<paragraph id="H95A7F23EA4C944309D74228855F5F92C"><enum>(6)</enum><text>if the candidate
is nominated by a political party for election to the office of President, the
candidate will apply for and accept payments with respect to the general
election for such office in accordance with chapter
95.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection></section><section id="H20213DB247814CE2BF0995FFF5DF604D"><enum>103.</enum><header>Inflation
adjustment for matching contributions</header><text display-inline="no-display-inline">Section 9033 of such Code is amended by
adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="H928AC151E80B46BD9E47B28CA1918C92" style="OLC">
<subsection id="H679FF8F15BA84735904F691CBA9A7B0F"><enum>(d)</enum><header>Inflation
adjustments</header>
<paragraph id="HBDB27BB9535D43028CA3302D9DC23D93"><enum>(1)</enum><header>In
general</header><text>In the case of any applicable period beginning after
2012, each of the dollar amounts in section 9034(b) shall be increased by an
amount equal to—</text>
<subparagraph id="H6014384547AE451CB533DE905B6623AB"><enum>(A)</enum><text>such dollar
amount, multiplied by</text>
</subparagraph><subparagraph id="H36609C8E8A27407EAC5A398DCABFD271"><enum>(B)</enum><text>the cost-of-living
adjustment determined under section 1(f)(3) for the calendar year following the
year which such applicable period begins, determined by substituting
<quote>calendar year 2012</quote> for <quote>calendar year 1992</quote> in
subparagraph (B) thereof.</text>
</subparagraph></paragraph><paragraph id="H91BB9BF4531A479E95D21F77E4688304"><enum>(2)</enum><header>Applicable
period</header><text>For purposes of this subsection, the term <term>applicable
period</term> means the 4-year period beginning with the first day following
the date of the last general election for the office of President and ending on
the date of the next such general election.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H59CBEB5E9C794802B81C42B91D61B89A"><enum>(3)</enum><header>Rounding</header><text>If
any amount as adjusted under paragraph (1) is not a multiple of $100, such
amount shall be rounded to the nearest multiple of
$100.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="H5314F57DCC1F4D7FB4E6D45FDA225BED"><enum>104.</enum><header>Repeal of
expenditure limitations</header>
<subsection id="H8DEF5B3A32704357B52BEF1276550F32"><enum>(a)</enum><header>In
general</header><text>Subsection (a) of section 9035 of the Internal Revenue
Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H173C1EE4E2EF4C71AD37684C02AD4D74" style="OLC">
<subsection id="HDB68677BBA33406AB4393DB83D30ED4E"><enum>(a)</enum><header>Personal
expenditure limitation</header><text>No candidate shall knowingly make
expenditures from his personal funds, or the personal funds of his immediate
family, in connection with his campaign for nomination for election to the
office of President in excess of, in the aggregate,
$50,000.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HD7DCF4A254424E9BAEAF54EABAFC0B07"><enum>(b)</enum><header>Conforming
amendment</header><text>Paragraph (1) of section 9033(b) of the Internal
Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H0C4A417E173D4559927531C81A59DEA9" style="OLC">
<paragraph id="HA3B9C861AC624DCF897B398E498D051B"><enum>(1)</enum><text>the candidate will
comply with the personal expenditure limitation under section
9035,</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="HC219180B44944365844AF74BF1C71634"><enum>105.</enum><header>Period of
availability of matching payments</header><text display-inline="no-display-inline">Section 9032(6) of such Code is amended by
striking <quote>the beginning of the calendar year in which a general election
for the office of President of the United States will be held</quote> and
inserting <quote>the date that is 6 months prior to the date of the earliest
State primary election</quote>.</text>
</section><section id="H02FFFF50E5234858BBD5FD571898937A"><enum>106.</enum><header>Examination and
audits of matchable contributions</header><text display-inline="no-display-inline">Section 9038(a) of the Internal Revenue Code
of 1986 is amended by inserting <quote>and matchable contributions accepted
by</quote> after <quote>qualified campaign expenses of</quote>.</text>
</section><section commented="no" display-inline="no-display-inline" id="HE1E2074D6BDD4B62BEE463CF00F88BA7"><enum>107.</enum><header>Modification to
limitation on contributions for presidential primary candidates</header><text display-inline="no-display-inline">Section 315(a)(6) of the Federal Election
Campaign Act of 1971 (2 U.S.C. 441a(a)(6)) is amended by striking
<quote>calendar year</quote> and inserting <quote>four-year election
cycle</quote>.</text>
</section></subtitle><subtitle id="H81F2296BAD374787BBC2DB356A549D4B"><enum>B</enum><header>General
elections</header>
<section id="HB1E4FA76988F40F58212D4E38F86EEBD"><enum>111.</enum><header>Modification of
eligibility requirements for public financing</header><text display-inline="no-display-inline">Section 9003(a) of the Internal Revenue Code
of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HBC894489628C433EBECD9D7D408B5013" style="OLC">
<subsection id="H4B735B36192B4FFFAC65C015C3998C29"><enum>(a)</enum><header>In
general</header><text>In order to be eligible to receive any payments under
section 9006, the candidates of a political party in a presidential election
shall meet the following requirements:</text>
<paragraph commented="no" display-inline="no-display-inline" id="H5BA10ED9062241AC88F8C82EDCB0E43D"><enum>(1)</enum><header>Participation in
primary payment system</header><text>The candidate for President received
payments under chapter 96 for the campaign for nomination for election to be
President.</text>
</paragraph><paragraph id="HA033DADA4BFB4CCBB7B6D28FD241E6D9"><enum>(2)</enum><header>Agreements with
Commission</header><text>The candidates, in writing—</text>
<subparagraph id="H1BFE0C0B4E72420FB9A07CDD7E966410"><enum>(A)</enum><text>agree to obtain
and furnish to the Commission such evidence as it may request of the qualified
campaign expenses of such candidates,</text>
</subparagraph><subparagraph id="H6EE40764E71346AA90038FEAEF7786BE"><enum>(B)</enum><text>agree to keep and
furnish to the Commission such records, books, and other information as it may
request, and</text>
</subparagraph><subparagraph id="H706CFCCCD0AE444F90E6163E5AE13FF7"><enum>(C)</enum><text>agree to an audit
and examination by the Commission under section 9007 and to pay any amounts
required to be paid under such section.</text>
</subparagraph></paragraph><paragraph id="H6F16D366467A4BB9AEB6B75DCC28568F"><enum>(3)</enum><header>Ban on certain
contributions and solicitations</header><text>The candidates certify to the
Commission, under penalty of perjury, the following:</text>
<subparagraph id="H2D09F861B0A54F14BFCAD3504FAFBFDC"><enum>(A)</enum><header>Lobbyists and
PACs</header><text>Such candidates and the authorized committees of such
candidates will not accept—</text>
<clause commented="no" display-inline="no-display-inline" id="HFFC7B3D396574206B6F5DCE32714796B"><enum>(i)</enum><text>any contribution
from—</text>
<subclause commented="no" display-inline="no-display-inline" id="H603A9536DFA64B49A373D62F37F51871"><enum>(I)</enum><text>an individual who
is a current registrant under section 4(a)(1) of the Lobbying Disclosure Act of
1995, or</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="H8324317ADF464101A6A33E3EC2C8D2CE"><enum>(II)</enum><text>an individual who
is listed on a current registration filed under section 4(b)(6) of such Act or
a current report under section 5(b)(2)(C) of such Act,</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="H89F501D9157746ADA97D847348503A91"><enum>(ii)</enum><text>any bundled
contribution (as defined in section 304(i)(8)) forwarded by or credited to a
person described in section 304(i)(7), and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="HA788895518284DCE96AAE523DCC6F70B"><enum>(iii)</enum><text>any contribution
from a political committee other than a political committee of a political
party.</text>
</clause></subparagraph><subparagraph id="HB7FC7B6A337543EF8C68242107BC238B"><enum>(B)</enum><header>Solicitations
for joint fundraising committees</header><text>Such candidates and their
authorized committees will not, after June 1 of the election year, solicit any
funds for any joint fundraising committee that includes any committee of a
political party.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H95DC289A41644824A82D95C3746AD102"><enum>(C)</enum><header>Solicitation for
political parties</header><text>Such candidates and their authorized committees
will not, after the date described in section 9006(b), solicit any funds for
any committee of a political party.</text>
</subparagraph><continuation-text continuation-text-level="paragraph">Such
certification shall be made within such time prior to the day of the
presidential election as the Commission shall prescribe by rules or
regulations.</continuation-text></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" display-inline="no-display-inline" id="HD2BC7B3C86F447CC9C5BD872DCEDAA22"><enum>112.</enum><header>Repeal of
expenditure limitations and use of qualified campaign contributions</header>
<subsection commented="no" display-inline="no-display-inline" id="H443555F430C94394AD9D41CC3BA35A71"><enum>(a)</enum><header>Major
parties</header><text>Subsection (b) of section 9003 of the Internal Revenue
Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HFBED0684DAF44DC1B1E16CE5B79C0F08" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="H4A6961FD7B6A4BCE8DDB33181C78280B"><enum>(b)</enum><header>Major
parties</header><text>In order to be eligible to receive any payments under
section 9006, the candidates of a major party in a presidential election shall
certify to the Commission, under penalty of perjury, that—</text>
<paragraph commented="no" display-inline="no-display-inline" id="H77A1C77E5B5945A28EC2EDA46F9F840E"><enum>(1)</enum><text>such candidates
and their authorized committees have not and will not accept any contributions
to defray qualified campaign expenses other than—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="H4B628916626A4AE1A3AA78577A3ADCED"><enum>(A)</enum><text>qualified campaign
contributions, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H421B1751ADFD41DCBE1E2CEB72A4AE03"><enum>(B)</enum><text>contributions to
the extent necessary to make up any deficiency payments received out of the
fund on account of the application of section 9006(c), and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H1397104CDC1F4C1C991D5094660B1998"><enum>(2)</enum><text>such candidates
and their authorized committees have not and will not accept any contribution
to defray expenses which would be qualified campaign expenses but for
subparagraph (C) of section 9002(11).</text>
</paragraph><continuation-text continuation-text-level="subsection">Such
certification shall be made at the same time as the certification required
under subsection
(a)(3).</continuation-text></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H05253F537B3B41E8B8E83E30ED791039"><enum>(b)</enum><header>Minor and new
parties</header><text>Subsection (c) of section 9003 of the Internal Revenue
Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HE2CDA9BBC10748CEA054CDF3514A1E7C" style="OLC">
<subsection id="H9BB122DA9DED4D56A523D217485A74C1"><enum>(c)</enum><header>Minor and new
parties</header><text>In order to be eligible to receive any payments under
section 9006, the candidates of a minor or new party in a presidential election
shall certify to the Commission, under penalty of perjury, that such candidates
and their authorized committees have not and will not accept any contributions
to defray qualified campaign expenses other than—</text>
<paragraph commented="no" display-inline="no-display-inline" id="H41620B35B0284352AD64A10DE6C076FF"><enum>(1)</enum><text>qualified campaign
contributions, and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H6F6270C9DACD4537A25B6BA919441352"><enum>(2)</enum><text>contributions
other than qualified campaign contributions to the extent to which—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="H9EA5E1161B204DC8AB0C016BF7FF52C9"><enum>(A)</enum><text>the aggregate
payments to which such candidates would be entitled under section 9004 if such
candidates were candidates of a major party, exceed</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H36EFB1AAF29F48DE8E578AB4C5EF6800"><enum>(B)</enum><text>the aggregate
payments to which such candidates are entitled to under section 9004.</text>
</subparagraph></paragraph><continuation-text continuation-text-level="subsection">Such
certification shall be made at the same time as the certification required
under subsection
(a)(3).</continuation-text></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H75758A236794487BB9C6B96EC004BDF1"><enum>(c)</enum><header>Definition of
qualified campaign contributions</header><text>Section 9002 of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HA0FBF459DCA94935AAE3055097275661" style="OLC">
<paragraph id="HC5624C8CCFF849838819CB1D30D276C2"><enum>(13)</enum><header>Qualified
campaign contribution</header><text>The term <term>qualified campaign
contribution</term> means, with respect to any election for the office of
President of the United States, a contribution from an individual to a
candidate or an authorized committee of a candidate which—</text>
<subparagraph id="H0926CA4D84D54DB7A6727F2BBF93FFC3"><enum>(A)</enum><text>is made after June
1 of the year in which the election is held;</text>
</subparagraph><subparagraph id="H1BA4D4F34D1A4F20B1466DED6FAF4071"><enum>(B)</enum><text display-inline="yes-display-inline">does not exceed 50% of the limit applicable
under paragraph (1)(A) or paragraph (2)(A) of section 315(a) of the Federal
Election Campaign Act of 1971 to the amount of a contribution which may be made
to a candidate who is not eligible to receive payments under section 9006 with
respect to such election; and</text>
</subparagraph><subparagraph id="H0067A004B06246AFAEEA18D0E5178A32"><enum>(C)</enum><text>with respect to
which the candidate has certified in writing that—</text>
<clause id="H0D522BD03281452C897F0C0D18399938"><enum>(i)</enum><text>the individual
making such contribution has not made aggregate contributions (including such
qualified contribution) to such candidate and the authorized committees of such
candidate in excess of the amount described in subparagraph (B), and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H976204FB7FDA4A19954B156F2743D767"><enum>(ii)</enum><text>such candidate
and the authorized committees of such candidate will not accept contributions
from such individual (including such qualified contribution) aggregating more
than the amount described in subparagraph (B) with respect to such
election.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H2AD27169884C4158BC6312D67A7D7472"><enum>(d)</enum><header>Conforming
amendments</header>
<paragraph id="HEA1C1F0EBF0C44779C9C49B7B8AC8CDB"><enum>(1)</enum><header>Repeal of
expenditure limits</header>
<subparagraph id="HFD8D073C19BA492BA76670BE930AA876"><enum>(A)</enum><text>Section 315 of the
Federal Election Campaign Act of 1971 (2 U.S.C. 441a) is amended by striking
subsection (b).</text>
</subparagraph><subparagraph id="H0D1713784E5046FD9F98FB33D42F83F7"><enum>(B)</enum><text>Section 315(c) of
such Act (2 U.S.C. 441a(c)) is amended—</text>
<clause id="H29A43DD619344C628689A159379E4C3D"><enum>(i)</enum><text>in
paragraph (1)(B)(i), by striking <quote>, (b)</quote>; and</text>
</clause><clause id="H8D909B892C334CC28CC076F4E8C44E45"><enum>(ii)</enum><text>in
paragraph (2)(B)(i), by striking <quote>subsections (b) and (d)</quote> and
inserting <quote>subsection (d)</quote>.</text>
</clause></subparagraph></paragraph><paragraph id="HBD6973D8B7AD45FCAFB362E2688E052D"><enum>(2)</enum><header>Limitation on
payments to candidates of minor and new parties</header><text>Paragraph (1) of
section 9004(b) of the Internal Revenue Code of 1986 is amended by inserting
<quote>, other than qualified contributions,</quote> after
<quote>contributions</quote>.</text>
</paragraph><paragraph id="HBD89B60A8C65407B817E8BE5C38ACC2F"><enum>(3)</enum><header>Repayments</header>
<subparagraph id="HCFEE2233DAE94B1B8D824AB247F028D6"><enum>(A)</enum><text>Section 9007(b) of
such Code is amended by striking paragraph (2) and redesignating paragraphs
(3), (4), and (5) as paragraphs (2), (3), and (4), respectively.</text>
</subparagraph><subparagraph id="HE05AF57206EC4F65B44050DDDF6E5C7F"><enum>(B)</enum><text>Paragraph (2) of
section 9007(b) of such Code, as redesignated by subparagraph (A), is amended
by inserting <quote>qualified contributions and</quote> after
<quote>contributions (other than</quote>.</text>
</subparagraph></paragraph><paragraph id="H0AF16F2122A3456FB11A8D0977496C09"><enum>(4)</enum><header>Criminal
penalties</header>
<subparagraph id="H0CD1CBB085694B3C88E9FB88A0B6B777"><enum>(A)</enum><header>Excess
expenses</header><text>Section 9012(a) of the Internal Revenue Code of 1986 is
amended by striking the first sentence.</text>
</subparagraph><subparagraph id="HB53A27DCD2F74E7BB19BDB3518DBC030"><enum>(B)</enum><header>Contributions</header>
<clause id="HFF3C2462396B42178AA0F3695EBFAF47"><enum>(i)</enum><header>Candidates of
major parties</header><text>Section 9012(b)(1) of the Internal Revenue Code of
1986 is amended by inserting <quote>other than qualified contributions,</quote>
after <quote>to defray qualified campaign expenses,</quote>.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H30B550C0E7444D40BD844DC372628737"><enum>(ii)</enum><header>Candidates of
other parties</header><text>Section 9012(b)(2) of such Code is amended by
inserting <quote>, other than qualified contributions,</quote> after
<quote>contributions</quote>.</text>
</clause></subparagraph></paragraph></subsection></section><section id="HBB5EE60DA2C0411BBE4EF95386E784F4"><enum>113.</enum><header>Matching
payments and other modifications to payment amounts</header>
<subsection id="HD3E174882A49479096F9F84DFB5A10BC"><enum>(a)</enum><header>In
general</header>
<paragraph id="H8FBE110E7D644BD485D59153FE8163CE"><enum>(1)</enum><header>Amount of
payments for major party candidates</header><text display-inline="yes-display-inline">Subsection (a) of section 9004 of the
Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H7C8F5F53A58C4F7E90D2F2976A25151E" style="OLC">
<subsection id="H5BA81F0613E04E3AABBAEBBCA71D9D1F"><enum>(a)</enum><header>In
general</header><text>Subject to the provisions of this chapter—</text>
<paragraph commented="no" id="H4E3D1A384DA243029311D9F83285DBE3"><enum>(1)</enum><header>Major
parties</header><text>The eligible candidates of each major party in a
presidential election shall be entitled to equal payment under section 9006 in
an amount equal to—</text>
<subparagraph commented="no" id="HF6B10A52A94F495BAA0C3FF8A5CFD74C"><enum>(A)</enum><text>$50,000,000,
plus</text>
</subparagraph><subparagraph id="HC50B8F2ACCF44BADB38A8DCB90DCE1ED"><enum>(B)</enum><text display-inline="yes-display-inline">an amount equal to 500 percent of the
amount of each matchable contribution received by such candidate on or after
June 1 of the year of the presidential election, or by his authorized
committees (disregarding any amount of contributions from any person to the
extent that the total of the amounts contributed by such person for the
election exceeds $250).</text>
</subparagraph><continuation-text continuation-text-level="paragraph">The total
amount of payments to which a major party candidate is entitled under
subparagraph (B) shall not exceed $150,000,000.</continuation-text></paragraph><paragraph commented="no" id="H32D315DF4B6D4F3EA30D7920780DFFB0"><enum>(2)</enum><header>Pre-election
payments for minor and new parties</header>
<subparagraph id="H265E2745D21948AB8B26A53619BDC067"><enum>(A)</enum><header>Payment based on
prior votes received by party</header>
<clause id="H18B66D330F93472E9803C9E22FAA2005"><enum>(i)</enum><header>In
general</header><text>The eligible candidates of a minor party in a
presidential election shall be entitled to equal payment under section 9006 in
an amount equal to the sum of—</text>
<subclause id="H1044DE152AE941B98221727AB2A6A937"><enum>(I)</enum><text>the product of the
popular vote ratio with respect to such minor party and the amount in effect
under paragraph (1)(A), plus</text>
</subclause><subclause id="HF737833BDD654FF9A11F8D02BA0C4744"><enum>(II)</enum><text>an amount equal
to the applicable percentage of the amount of each matchable contribution
received by such candidate on or after June 1 of the year of the presidential
election, or by his authorized committees.</text>
</subclause><continuation-text continuation-text-level="clause">The total
amount of payments to which such a candidate is entitled under subclause (II)
shall not exceed the product of the amount in effect under the last sentence of
paragraph (1)(A) and the popular vote ratio with respect to such minor
party.</continuation-text></clause><clause id="HFD679E7998E04D9FAA190ABA714968AC"><enum>(ii)</enum><header>Popular vote
ratio with respect to a minor party</header><text>For purposes of this
subparagraph, the popular vote ratio with respect to a minor party is the ratio
of the number of popular votes received by the candidate for President of the
minor party, as such candidate, in the preceding presidential election to the
average number of popular votes received by the candidates for President of the
major parties in the preceding presidential election.</text>
</clause><clause id="H0FC4BB2975734CADAFEFD9FF5A50EB98"><enum>(iii)</enum><header>Applicable
percentage</header><text>For purposes of subparagraph (A), the applicable
percentage is the product of 500 percent and the popular vote ratio with
respect to such minor party.</text>
</clause></subparagraph><subparagraph id="HA71B4EF4810E451DB76321717DB42AA3"><enum>(B)</enum><header>Payment based on
prior votes received by candidate</header>
<clause id="H8302ED409731420D9016E41B2C4294FA"><enum>(i)</enum><header>In
general</header><text>If the candidate of one or more political parties (not
including a major party) for the office of President was a candidate for such
office in the preceding presidential election and received 5 percent or more
but less than 25 percent of the total number of popular votes received by all
candidates for such office, such candidate and his running mate for the office
of Vice President, upon compliance with the provisions of section 9003(a) and
(c), shall be treated as eligible candidates entitled to payments under section
9006 in an amount computed as provided in subparagraph (A), determined by
substituting <quote>the popular vote ratio with respect to such
candidate</quote> for <quote>the popular vote ratio with respect to such minor
party</quote> each place it appears.</text>
</clause><clause id="H046D22CF8C3A44D9AA25CB39D7ECAC80"><enum>(ii)</enum><header>Popular vote
ratio with respect to a candidate</header><text>For purposes of this
subparagraph, the popular vote ratio with respect to a candidate is the ratio
of the number of popular votes received by such candidate for the office of
President in the preceding presidential election to the average number of
popular votes received by the candidates for President of the major parties in
the preceding presidential election.</text>
</clause><clause id="H1A2B4BF41A184C8E905A28FCDFE9C5BF"><enum>(iii)</enum><header>Coordination
rule</header><text>If eligible candidates of a minor party are entitled to
payments under this subparagraph, such entitlement shall be reduced by the
amount of the entitlement allowed under subparagraph (A).</text>
</clause></subparagraph></paragraph><paragraph id="H1315EC2324F2482C8F1FBEAC2E8307C7"><enum>(3)</enum><header>Post-election
payments for minor and new parties</header>
<subparagraph id="H5108CA568A934D699B564799A87EF229"><enum>(A)</enum><header>In
general</header><text>The eligible candidates of a minor party or a new party
in a presidential election whose candidate for President in such election
receives, as such candidate, 5 percent or more of the total number of popular
votes cast for the office of President in such election shall be entitled to
payments under section 9006 equal to the sum of—</text>
<clause id="H4281C88B034F41068A29D1D9333F04C9"><enum>(i)</enum><text>the product of the
popular vote ratio with respect to such candidate and the amount in effect
under paragraph (1)(A), plus</text>
</clause><clause id="H93B7AF8218ED43CCB19EBADA21022D8F"><enum>(ii)</enum><text>an amount equal
to the applicable percentage of the amount of each matchable contribution
received by such candidate on or after June 1 of the year of the presidential
election, or by his authorized committees.</text>
</clause><continuation-text continuation-text-level="subparagraph">The
total amount of payments to which such a candidate is entitled under clause
(ii) shall not exceed the product of the amount in effect under the last
sentence of paragraph (1)(A) and the popular vote ratio with respect to such
candidate.</continuation-text></subparagraph><subparagraph id="H53EC7B52A2914993BEE269E58BD0BDAF"><enum>(B)</enum><header>Popular vote
ratio with respect to a candidate</header><text>For purposes of this paragraph,
the popular vote ratio with respect to a candidate in a presidential election
is the ratio of the number of popular votes received by such candidate for the
office of President in such election to the average number of popular votes
received by the candidates for President of the major parties in such
election.</text>
</subparagraph><subparagraph id="HA97F1A3F4A8245C482C0B32F61036F50"><enum>(C)</enum><header>Applicable
percentage</header><text>For purposes of subparagraph (A), the applicable
percentage is the product of 500 percent and the popular vote ratio with
respect to such candidate.</text>
</subparagraph><subparagraph id="H56843B7115DC4CE3B0499048A5434832"><enum>(D)</enum><header>Coordination
rule</header><text>In the case of eligible candidates entitled to payments
under paragraph (2), the amount allowable under this paragraph shall be limited
to the amount, if any, by which the entitlement under the preceding sentence
exceeds the amount of the entitlement under paragraph
(2).</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H575C0F628AA5448FBDFCE0C1EDA71566"><enum>(2)</enum><header>Conforming
amendment</header><text>Section 9005(a) is amended by adding at the end the
following new sentence: <quote>The Commission shall make such additional
certifications as may be necessary to receive payments under section
9004.</quote>.</text>
</paragraph></subsection><subsection id="HF412D0A5332D4ECEBD7D6A262C2FEC53"><enum>(b)</enum><header>Matchable
contribution</header><text>Section 9002 of such Code, as amended by section
112, is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HB565EBC2EFCB4F9C9372864A91E16B76" style="OLC">
<paragraph id="HD616AF6C830E42AA8D87E9B49AE298CA"><enum>(14)</enum><header>Matchable
contribution</header><text>The term <term>matchable contribution</term> means,
with respect to the election to the office of President of the United States, a
contribution by an individual to a candidate or an authorized committee of a
candidate with respect to which the candidate has certified in writing
that—</text>
<subparagraph id="HFDCB070E60EA497FB7C8D5C3680AFBB5"><enum>(A)</enum><text>the individual
making such contribution has not made aggregate contributions (including such
matchable contribution) to such candidate and the authorized committees of such
candidate in excess of 50% of the limit applicable under paragraph (1)(A) or
paragraph (2)(A) of section 315(a) of the Federal Election Campaign Act of 1971
to the amount of a contribution which may be made to a candidate who is not
eligible to receive payments under section 9006 with respect to such
election;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H807EB9D8C62A487D933EF437882F6728"><enum>(B)</enum><text>such candidate and
the authorized committees of such candidate will not accept contributions from
such individual (including such matchable contribution) aggregating more than
the amount described in subparagraph (A) with respect to such election;
and</text>
</subparagraph><subparagraph commented="no" id="H1F495ADADD7D4DE9BFE36C9CB5CF1C11"><enum>(C)</enum><text>such contribution
was not—</text>
<clause commented="no" id="H921695F9950749149FD458CAB1671C80"><enum>(i)</enum><text>forwarded from the
contributor from any person other than an individual, or</text>
</clause><clause commented="no" id="HD0FE3BCF94D9459089D0318C05C53F0E"><enum>(ii)</enum><text>received by the
candidate or committee from a contributor or contributors, but credited by the
committee or candidate to another person who is not an individual through
records, designations, or other means of recognizing that a certain amount of
money has been raised by such
person.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="HC58AE9D9177E48DF808F757DC00428B0"><enum>114.</enum><header>Inflation
adjustment for payment amounts</header><text display-inline="no-display-inline">Section 9004 of such Code is amended by
adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="HFB75B25F90BB48D48B7ABA3C6C7DAC8F" style="OLC">
<subsection id="HA5CB70A235054662BE992CDADB517564"><enum>(f)</enum><header>Inflation
adjustments</header>
<paragraph id="H2C9639A9329E403E92194B95DC93B470"><enum>(1)</enum><header>In
general</header><text>In the case of any applicable period beginning after
2016, each of the dollar amounts in subsection (a)(1) shall be increased by an
amount equal to—</text>
<subparagraph id="H80E76A81C1A04B7585EB2FA73FEF4A52"><enum>(A)</enum><text>such dollar
amount, multiplied by</text>
</subparagraph><subparagraph id="H45FF01E43A694BF98DB2858BB8107197"><enum>(B)</enum><text>the cost-of-living
adjustment determined under section 1(f)(3) for the calendar year following the
year which such applicable period begins, determined by substituting
<quote>calendar year 2016</quote> for <quote>calendar year 1992</quote> in
subparagraph (B) thereof.</text>
</subparagraph></paragraph><paragraph id="H62E54DD5F5774C729E886DA97FFEE217"><enum>(2)</enum><header>Applicable
period</header><text>For purposes of this subsection, the term <term>applicable
period</term> means the 4-year period beginning with the first day following
the date of the last general election for the office of President and ending on
the date of the next such general election.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H48E5FB9AFBDB4EE9A0FC326EAEE784BF"><enum>(3)</enum><header>Rounding</header><text>If
any amount as adjusted under paragraph (1) is not a multiple of $100, such
amount shall be rounded to the nearest multiple of
$100.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="H310E2F2AFB2546AF9DEFA3DBFCFB77BD"><enum>115.</enum><header>Increase in
limit on coordinated party expenditures</header>
<subsection id="H69C07E523E3F43998C0188EA36074DC8"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 315(d)(2) of
the <act-name parsable-cite="FECA">Federal Election Campaign Act of
1971</act-name> (2 U.S.C. 441a(d)(2)) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HA1E3999EA7284594AE3EDAA29E8B5724" style="OLC">
<paragraph id="H3C72E980FA31424DA0E8EDD6D43CC480" indent="up1"><enum>(2)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="H1E945CE2EDB8487D8EF19E687C83B8E5"><enum>(A)</enum><text>The national committee
of a political party may not make any expenditure in connection with the
general election campaign of any candidate for President of the United States
who is affiliated with such party which exceeds $50,000,000.</text>
</subparagraph><subparagraph id="H5EB85FD731DE4D7795C2473738E0DFA5" indent="up1"><enum>(B)</enum><text>For purposes of this
paragraph—</text>
<clause id="H03E8C821FB45422E8E04FE7942DFD73E"><enum>(i)</enum><text>any expenditure made by or on behalf
of a national committee of a political party and in connection with a
presidential election shall be considered to be made in connection with the
general election campaign of a candidate for President of the United States who
is affiliated with such party; and</text>
</clause><clause id="HF2DB4872997B4DAC8B173C81E5EDC77F"><enum>(ii)</enum><text>any communication made by or on
behalf of such party shall be considered to be made in connection with the
general election campaign of a candidate for President of the United States who
is affiliated with such party if any portion of the communication is in
connection with such election.</text>
</clause></subparagraph><subparagraph id="HF797A2F9DC5A4B0EA7C782D259AD29AE" indent="up1"><enum>(C)</enum><text>Any expenditure under this paragraph
shall be in addition to any expenditure by a national committee of a political
party serving as the principal campaign committee of a candidate for the office
of President of the United
States.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H67B52889F6EA4A688DA4875B7A80B74A"><enum>(b)</enum><header>Conforming
amendments relating to timing of cost-of-Living adjustment</header>
<paragraph id="H01362B272CB34A66BEEDA5AC20237954"><enum>(1)</enum><header>In
general</header><text>Section 315(c)(1) of such Act (2 U.S.C. 441a(c)(1)), as
amended by section 112(d)(1)(B), is amended—</text>
<subparagraph id="HBE577E7FD5EB45218D4F0D6223DADFBD"><enum>(A)</enum><text>in subparagraph
(B), by striking <quote>(d)</quote> and inserting <quote>(d)(3)</quote>;
and</text>
</subparagraph><subparagraph id="H655B24998A244038BA72345808205224"><enum>(B)</enum><text>by inserting at
the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="HBDD95B8026FA4028AF01253DCC5589B7" style="OLC">
<subparagraph id="H645EC3EA15634E2BBF8840D78EF2531E" indent="up2"><enum>(D)</enum><text>In any calendar year after
2016—</text>
<clause id="H3818539E309D485E9A0ABC94C6DFF118"><enum>(i)</enum><text>the dollar amount in subsection (d)(2)
shall be increased by the percent difference determined under subparagraph
(A);</text>
</clause><clause id="H7FE84D31441D4B469D92180605F873C3"><enum>(ii)</enum><text>the amount so increased shall remain
in effect for the calendar year; and</text>
</clause><clause id="H1D2BC8F17D194F72B0324566A02CD993"><enum>(iii)</enum><text>if the amount after adjustment under
clause (i) is not a multiple of $100, such amount shall be rounded to the
nearest multiple of
$100.</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="HEFE32BEF18414E94B352BBF8A26C4E16"><enum>(2)</enum><header>Base
year</header><text>Section 315(c)(2)(B) of such Act (2 U.S.C. 441a(c)(2)(B)),
as amended by section 112(d)(1)(B), is amended—</text>
<subparagraph id="H17D6855679064E29989CB003CB4A4064"><enum>(A)</enum><text>in clause
(i)—</text>
<clause id="H193A9BBE58EC4EBCA79C5A2873BDD043"><enum>(i)</enum><text>by
striking <quote>(d)</quote> and inserting <quote>(d)(3)</quote>; and</text>
</clause><clause id="H02EEF50FBB2844E38F0DD1BF812251AB"><enum>(ii)</enum><text>by
striking <quote>and</quote> at the end;</text>
</clause></subparagraph><subparagraph id="H4DC907E1C3D04CB8A5BE6903AD42EAE7"><enum>(B)</enum><text>in clause (ii), by
striking the period at the end and inserting <quote>; and</quote>; and</text>
</subparagraph><subparagraph id="H7ECCD35D053545DAB222C2BD9E04062A"><enum>(C)</enum><text>by adding at the
end the following new clause:</text>
<quoted-block id="H1776BFA987B2447BB42B12D4E9DBA4D5">
<clause id="HBEDE638874274B4893B9858DA59A95C1" indent="up1"><enum>(iii)</enum><text>for purposes of subsection
(d)(2), calendar year
2015.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection></section><section id="H9386F368B7AB4494AB46511177183E26"><enum>116.</enum><header>Establishment
of uniform date for release of payments</header>
<subsection id="HE26D12BC77284AD5A21A31E713233196"><enum>(a)</enum><header>Date for
payments</header>
<paragraph id="H4A854358D5D54BB29FC53823A2810471"><enum>(1)</enum><header>In
general</header><text>Section 9006(b) of the Internal Revenue Code of 1986 is
amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H83EBF2D3BA2145D79F532209CFF29426" style="OLC">
<subsection id="HC230AD636C3D4DC2BCDF0A5BBA26CEE4"><enum>(b)</enum><header>Payments from
the Fund</header><text>If the Secretary of the Treasury receives a
certification from the Commission under section 9005 for payment to the
eligible candidates of a political party, the Secretary shall pay to such
candidates out of the fund the amount certified by the Commission on the later
of—</text>
<paragraph id="HAB3B2212313C466FBF4FC7C93171431F"><enum>(1)</enum><text>the last Friday
occurring before the first Monday in September, or</text>
</paragraph><paragraph id="H4642D45ABA1A44BFA2F7F9E1B57157B2"><enum>(2)</enum><text>24 hours after
receiving the certifications for the eligible candidates of all major political
parties.</text>
</paragraph><continuation-text continuation-text-level="subsection">Amounts
paid to any such candidates shall be under the control of such
candidates.</continuation-text></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="H1E91652F31FB46FB808886A5E9915D1D"><enum>(2)</enum><header>Conforming
Amendment</header><text>The first sentence of section 9006(c) of such Code is
amended by striking <quote>the time of a certification by the Commission under
section 9005 for payment</quote> and inserting <quote>the time of making a
payment under subsection (b)</quote>.</text>
</paragraph></subsection><subsection id="H8BD12248043D4712B38FAF4094541144"><enum>(b)</enum><header>Time for
certification</header><text>Section 9005(a) of the Internal Revenue Code of
1986 is amended by striking <quote>10 days</quote> and inserting <quote>24
hours</quote>.</text>
</subsection></section><section id="H25A94A69BCAA48F89D2045166E9B87F6"><enum>117.</enum><header>Amounts in
Presidential Election Campaign Fund</header>
<subsection id="HC13B237BA8104069B514E737C1190168"><enum>(a)</enum><header>Determination of
amounts in fund</header><text display-inline="yes-display-inline">Section
9006(c) of the Internal Revenue Code of 1986 is amended by adding at the end
the following new sentence: <quote>In making a determination of whether there
are insufficient moneys in the fund for purposes of the previous sentence, the
Secretary shall take into account in determining the balance of the fund for a
Presidential election year the Secretary’s best estimate of the amount of
moneys which will be deposited into the fund during the year, except that the
amount of the estimate may not exceed the average of the annual amounts
deposited in the fund during the previous 3 years.</quote>.</text>
</subsection><subsection id="HDD4322E482C94715A099A72CEA127994"><enum>(b)</enum><header>Special rule for
first campaign cycle under this Act</header>
<paragraph id="H3E445FFD856248F9BF9FFD64A766093E"><enum>(1)</enum><header>In
general</header><text>Section 9006 of the Internal Revenue Code of 1986 is
amended by adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="H40678F32D73147E3BE10DA7EF061F0D2" style="OLC">
<subsection commented="no" id="HFFDEE8A090F6442B97A22F8D95D98E02"><enum>(d)</enum><header>Special
authority To borrow</header>
<paragraph commented="no" id="H57499D7A701749778ACAC7B7D627D33E"><enum>(1)</enum><header>In
general</header><text>Notwithstanding subsection (c), there are authorized to
be appropriated to the fund, as repayable advances, such sums as are necessary
to carry out the purposes of the fund during the period ending on the first
presidential election occurring after the date of the enactment of this
subsection.</text>
</paragraph><paragraph id="H0C5E2D33240D4D0D964DD2A44A76C22E"><enum>(2)</enum><header>Repayment of
advances</header>
<subparagraph id="HFDB1D04C5DFD47BFA79F33D1943944A5"><enum>(A)</enum><header>In
general</header><text>Advances made to the fund shall be repaid, and interest
on such advances shall be paid, to the general fund of the Treasury when the
Secretary determines that moneys are available for such purposes in the
fund.</text>
</subparagraph><subparagraph id="H653D025B7E6C49A499C8ED360D94EA5B"><enum>(B)</enum><header>Rate of
interest</header><text>Interest on advances made to the fund shall be at a rate
determined by the Secretary of the Treasury (as of the close of the calendar
month preceding the month in which the advance is made) to be equal to the
current average market yield on outstanding marketable obligations of the
United States with remaining periods to maturity comparable to the anticipated
period during which the advance will be outstanding and shall be compounded
annually.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HFF9213F79897475E8509FBA12B49FC1C"><enum>(2)</enum><header>Effective
date</header><text>The amendment made by this subsection shall take effect
January 1, 2013.</text>
</paragraph></subsection></section><section id="HEA1238533C5C4061AD31B1A9F7433BD6"><enum>118.</enum><header>Use of general
election payments for general election legal and accounting
compliance</header><text display-inline="no-display-inline">Section 9002(11) of
the Internal Revenue Code of 1986 is amended by adding at the end the following
new sentence: <quote>For purposes of subparagraph (A), an expense incurred by a
candidate or authorized committee for general election legal and accounting
compliance purposes shall be considered to be an expense to further the
election of such candidate.</quote>.</text>
</section></subtitle><subtitle id="H014E0895E649483E9C5B1614A6B56D0D"><enum>C</enum><header>Political
conventions</header>
<section id="H1D168D24DCA847319326F154A2432224"><enum>121.</enum><header>Repeal of
public financing of party conventions</header>
<subsection id="H51D6467A40A5463FA7B1A7EA36248732"><enum>(a)</enum><header>Repeal</header>
<paragraph id="HA38A3455978141F6A0A5B99FA9276654"><enum>(1)</enum><header>In
general</header><text>Chapter 95 of the Internal Revenue Code of 1986 is
amended by striking section 9008.</text>
</paragraph><paragraph id="H344BA64B20EA4EF79C01075B5205A5D1"><enum>(2)</enum><header>Clerical
amendment</header><text>The table of sections of chapter 95 of such Code is
amended by striking the item relating to section 9008.</text>
</paragraph></subsection><subsection id="HC238388D133E428F8A28201CFCF8AB79"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="H638D1E836A6B4FE18F107CB0700F441F"><enum>(1)</enum><header>Availability of
payments to candidates</header><text>Section 9006(c) of such Code is amended by
striking <quote>section 9008(b)(3)</quote>.</text>
</paragraph><paragraph id="H3B26FAD2639E4EBCBE1B90FDED6F56A7"><enum>(2)</enum><header>Reports by
Federal Election Commission</header><text>Section 9009 of such Code is
amended—</text>
<subparagraph id="H3C86E7F397B94FD0B91EE513D44E7330"><enum>(A)</enum><text>by adding
<quote>and</quote> at the end of paragraph (2);</text>
</subparagraph><subparagraph id="H9F92C0A2BCCE4D95B5474873A61E40A9"><enum>(B)</enum><text>by striking the
semicolon at the end of paragraph (3) and inserting a period; and</text>
</subparagraph><subparagraph id="H34BF4D8A0F6F455F9B1FB8712DE568B0"><enum>(C)</enum><text>by striking
paragraphs (4), (5), and (6).</text>
</subparagraph></paragraph><paragraph id="H1FB98EC270C44230A01C39BA58898509"><enum>(3)</enum><header>Penalties</header><text>Section
9012 of such Code, as amended by section 112(d)(4), is amended—</text>
<subparagraph id="H16701D59208B42909C127D583A5649C2"><enum>(A)</enum><text>by striking
subsection (a) and redesignating subsections (b) through (g) as subsections (a)
through (f), respectively;</text>
</subparagraph><subparagraph id="H7A4FEEF9B3AD45869791FE04695D8A2E"><enum>(B)</enum><text>in subsection (b),
as redesignated by subparagraph (A), by striking paragraph (2) and
redesignating paragraph (3) as paragraph (2);</text>
</subparagraph><subparagraph id="H9FBE4522326F4BB28C7CD1876B6AAAEF"><enum>(C)</enum><text>in subsection
(d)(1), as redesignated by subparagraph (A), by striking the second sentence;
and</text>
</subparagraph><subparagraph id="HC6DA5845641440DE9DCF20B9FC167E23"><enum>(D)</enum><text>in subsection
(d)(3), as redesignated by subparagraph (A), by striking <quote>, or in
connection with any expense incurred by the national committee of a major party
or minor party with respect to a presidential nominating
convention</quote>.</text>
</subparagraph></paragraph><paragraph id="HC8F247C9823E47B981DCB3311A3BDC8B"><enum>(4)</enum><header>Availability of
payments from Presidential Primary Matching Account</header><text>The second
sentence of section 9037(a) of such Code is amended by striking <quote>and for
payments under section 9008(b)(3)</quote>.</text>
</paragraph></subsection></section><section id="H7F55B9F985684935A660FC28F87A50ED"><enum>122.</enum><header>Contributions
for political conventions</header>
<subsection id="H2005C56206424A129E585453EA6D7519"><enum>(a)</enum><header>Separate
contribution limitation</header>
<paragraph id="H98E477C5B77B43AAA244FB4ACA1041AB"><enum>(1)</enum><header>Individuals</header>
<subparagraph id="H5A111396108E431FA8305C9D1E1E493E"><enum>(A)</enum><header>In
general</header><text>Subsection (a)(1) of section 315 of the Federal Election
Campaign Act of 1971 (2 U.S.C. 441a) is amended by striking <quote>or</quote>
at the end of subparagraph (C), by striking the period at the end of
subparagraph (D) and inserting <quote>; or</quote>, and by adding at the end
the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H4FC8F3AC990948F097662104150E2CAF" style="OLC">
<subparagraph id="H3109A37A5C254430B3503BC5DD0C0399"><enum>(E)</enum><text>to the national
nominating convention account of political committees established and
maintained by a national political party, in any 4-year period ending on the
last day of the calendar year beginning on the day after a general election for
the office of President which, in the aggregate, exceed the dollar amount in
effect under subparagraph
(B);</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph id="H57530847413244A1A841C48D9F673D57"><enum>(B)</enum><header>Conforming
amendment</header><text>Subparagraph (B) of section 315(a)(1) of such Act (2
U.S.C. 441a(a)(1)) is amended by inserting <quote>(other than to the national
nominating convention accounts of such political committees which are described
in subparagraph (E))</quote> after <quote>national political
party</quote>.</text>
</subparagraph></paragraph><paragraph id="HE0FD74D407A641628F8E9E1ECBA386F5"><enum>(2)</enum><header>Aggregate
contribution limitation</header><text>Paragraph (3) of section 315(a) of such
Act (2 U.S.C. 441a(a)) is amended by adding at the end the following new flush
sentence:</text>
<quoted-block display-inline="no-display-inline" id="HF7CB39ADC1FE483CB611FD142B4AB15C" style="OLC">
<quoted-block-continuation-text quoted-block-continuation-text-level="subsection">The
dollar amount in subparagraph (B) shall be increased by the amount of
contributions (not in excess of the dollar amount in effect under subparagraph
(E)) made to the national nominating convention account of a political
committee established and maintained by a national political party during the
period described in the preceding
sentence.</quoted-block-continuation-text><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="H016F0E1BADB3434D98F3B91C5A245F86"><enum>(b)</enum><header>National
nominating convention account</header><text>Subsection (a) of section 315 of
such Act (2 U.S.C. 441a) is amended by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="HD5976859C50041C480372298DF0DD8DD" style="OLC">
<paragraph id="H7D213B8E3B214260876384A74390EE29"><enum>(9)</enum><text>For purposes of
this subsection, the national nomination convention account of any political
committees established and maintained by a national political party is a
separate account the funds of which may only be used to defray the costs of the
national nominating convention of such
party.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="H74EF8F8116734D51B934F1CA99AF392D"><enum>123.</enum><header>Prohibition on
use of soft money</header><text display-inline="no-display-inline">Section 323
of the Federal Election Campaign Act of 1971 (2 U.S.C. 441i) is amended by
adding at the end the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="HD480CA66D9BF4A35A7918E3B96980E6C" style="OLC">
<subsection id="H208240C0BA0542E594962FCE814EA4CA"><enum>(g)</enum><header>National
conventions</header><text>Any person described in subsection (a) or (e) shall
not solicit, receive, direct, transfer, or spend any funds in connection with a
presidential nominating convention of any political party, including funds from
or for a host committee, civic committee, municipality, or any other person or
entity spending funds in connection with such a convention, unless such
funds—</text>
<paragraph id="H4C93CB063AF54267B7C126B3A3254986"><enum>(1)</enum><text>are not in excess
of the amounts permitted with respect to contributions to the political
committee established and maintained by a national political party committee
under section 315; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H862C2FFB65394DEBB71E3D859699AA38"><enum>(2)</enum><text>are not from
sources prohibited by this Act from making contributions in connection with an
election for Federal
office.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section></subtitle><enum>II</enum><header>Public financing
for congressional election campaigns</header>
<section id="H32B137AE0CB44847B3B8FF20DDB23062"><enum>201.</enum><header>Benefits and
eligibility requirements for Congressional candidates</header><text display-inline="no-display-inline">The <act-name parsable-cite="FECA">Federal
Election Campaign Act of 1971</act-name> (2 U.S.C. 431 et seq.) is amended by
adding at the end the following:</text>
<quoted-block act-name="Federal Election Campaign Act of 1971" id="H7319288B05454424939C0E993F09556B">
<title id="H145BC9B22D4744C98A58A73517338585"><enum>V</enum><header>Public financing
of congressional election campaigns</header>
<subtitle id="H9CAF4ABF024C452C8C95AB0EF9B54240"><enum>A</enum><header>Benefits</header>
<section id="H2EE5727A1D074812992277F5C65E80B0"><enum>501.</enum><header>Benefits for
participating candidates</header>
<subsection id="HE1D9EE5FB14E4EACA0476251BE5A9A9E"><enum>(a)</enum><header>In
general</header><text>If a candidate for election to the office of Senator or
Representative in, or Delegate or Resident Commissioner to, the Congress is a
participating candidate under this title with respect to an election for such
office, the candidate shall be entitled to payments under this title, to be
used only for authorized expenditures in connection with the election.</text>
</subsection><subsection id="HF2A2400E3C80449BB5EB85D1AE63F106"><enum>(b)</enum><header>Amount of
payment</header>
<paragraph id="H9A209A9FB601460A96B6EC9030626768"><enum>(1)</enum><header>Match of
qualified contributions</header><text>Subject to paragraph (2), the amount of a
payment made to a participating candidate under this title shall be equal to
500 percent of the amount of qualified contributions received by the candidate
since the most recent payment made to the candidate under this title with
respect to the election, as set forth—</text>
<subparagraph id="H18448BFB11434F5289E8BD9F16C8F929"><enum>(A)</enum><text>in the case of the
first payment made to the candidate with respect to the election, in the report
filed under section 511(a)(2); and</text>
</subparagraph><subparagraph id="H2A888B1D44294877B30BF8A5514DBA67"><enum>(B)</enum><text>in the case of any
subsequent payment made to the candidate with respect to the election, in the
report of qualified contributions filed under subsection (c).</text>
</subparagraph></paragraph><paragraph id="H8802EBCD55194B47BADD5A9C09A9C712"><enum>(2)</enum><header>Limitation</header><text>In
determining the amount of qualified contributions received by a candidate for
purposes of making a payment under this section, there shall be disregarded any
amount of contributions from any person to the extent that the total of the
amounts contributed by such person for the election exceeds $250.</text>
</paragraph></subsection><subsection id="H7C6FEFF03B3047FFA15C1A6FA481B71C"><enum>(c)</enum><header>Reports</header>
<paragraph id="H48C8077DF7504F0F867F8A0844D8A44B"><enum>(1)</enum><header>In
general</header><text>Each participating candidate shall file reports of
receipts of qualified contributions at such times and in such manner as the
Commission may by regulations prescribe.</text>
</paragraph><paragraph id="H99AE5ABD1A3B4E2F83EDCA7D847E9268"><enum>(2)</enum><header>Contents of
reports</header><text>Each report under this subsection shall disclose each
qualified contribution received by the candidate since the most recent report
filed under this section, and shall state the aggregate amount of all such
qualified contributions received since the most recent report filed under this
section.</text>
</paragraph><paragraph id="H3E7A7BCD39034F54B9BC9FE2FA52BEEE"><enum>(3)</enum><header>Frequency of
reports</header><text>Reports under this subsection shall be made no more
frequently than—</text>
<subparagraph id="HFB1665B9E0444A20A55180C264BB7137"><enum>(A)</enum><text>once every month
until the date that is 90 days before the date of the election;</text>
</subparagraph><subparagraph id="HE9580935DFF64C5C930E65FE370B265E"><enum>(B)</enum><text>once every week
after the period described in subparagraph (A) and until the date that is 21
days before the election; and</text>
</subparagraph><subparagraph id="H70A8EACCC74A4D6C92907A5064747924"><enum>(C)</enum><text>once every day
after the period described in subparagraph (B).</text>
</subparagraph></paragraph><paragraph id="H2ED7FED771014ECCBC2EEDD52F9176B8"><enum>(4)</enum><header>Limitation on
regulations</header><text>The Commission may not prescribe any regulations with
respect to reporting under this subsection with respect to any election after
the date that is 180 days before the date of such election.</text>
</paragraph></subsection><subsection id="H87D91824B18C4A63B964F485F751F9F9"><enum>(d)</enum><header>Limit on
aggregate amount of payments</header><text>The aggregate amount of payments
that may be made under this title to a participating candidate during an
election cycle may not exceed—</text>
<paragraph id="HF686CA808FF24748A1DB316D9E48D035"><enum>(1)</enum><text display-inline="yes-display-inline">$2,000,000, in the case of a candidate for
the office of Representative in, or Delegate or Resident Commissioner to, the
Congress; or</text>
</paragraph><paragraph id="H26BDF43747A94B01A69C758F27C88947"><enum>(2)</enum><text>$10,000,000, in
the case of a candidate for the office of Senator.</text>
</paragraph></subsection></section><section id="HC12C70609FF44283BB932CE90113F80C"><enum>502.</enum><header>Administration
of payments</header>
<subsection id="HBAAE88C825284EF8B8C1BC8C509A4A65"><enum>(a)</enum><header>Timing</header><text display-inline="yes-display-inline">The Commission shall make payments under
this title to a participating candidate—</text>
<paragraph id="HBBF989789BD74DEC8AD553B904575EE8"><enum>(1)</enum><text>in the case of the
first payment made to the candidate with respect to the election, not later
than 48 hours after the date on which such candidate is certified as a
participating candidate under section 513; and</text>
</paragraph><paragraph id="H85EF75074543437BA61CBC08907BD78D"><enum>(2)</enum><text display-inline="yes-display-inline">in the case of any subsequent payment made
to the candidate with respect to the election, not later than 2 business days
after the receipt of a report made under section 501(c).</text>
</paragraph></subsection><subsection id="H9F57ED05963341A180E132DE1A9CD190"><enum>(b)</enum><header>Method of
payment</header><text>The Commission shall distribute funds available to
participating candidates under this title through the use of an electronic
funds exchange or a debit card.</text>
</subsection><subsection id="H4CFEE18CB3AD4A038B139B243B16D4A5"><enum>(c)</enum><header>Appeals</header><text>The
Commission shall provide a written explanation with respect to any denial of
any payment under this title and shall provide for the opportunity for review
and reconsideration within 5 business days of such denial.</text>
</subsection></section><section id="HA41749CDAFA347838B95EBC4E7E0CC52"><enum>503.</enum><header>Qualified
contribution defined</header><text display-inline="no-display-inline">In this
title, the term <term>qualified contribution</term> means, with respect to a
candidate, a contribution that meets each of the following requirements:</text>
<paragraph id="H3AB21A8A7FFF444EBA16755B93D75B90"><enum>(1)</enum><text>The contribution
is in an amount that is not greater than the limit on the amount of a
contribution that may be accepted by a participating candidate from an
individual under section 521(a).</text>
</paragraph><paragraph id="HDAC03594D888434CB4718106BB2166B9"><enum>(2)</enum><text>The contribution
is made by an individual who is not otherwise prohibited from making a
contribution under this Act.</text>
</paragraph><paragraph id="HBA5E779128ED4CB2837D61369C5A62CA"><enum>(3)</enum><text>The contribution
is not—</text>
<subparagraph id="H8BF07BA35A4A45C98094E61F643D2A34"><enum>(A)</enum><text display-inline="yes-display-inline">forwarded from the contributor by any
person other than an individual; or</text>
</subparagraph><subparagraph id="HDFBB22FFCCA44505BBF3A5A7249A9FCA"><enum>(B)</enum><text display-inline="yes-display-inline">received by the candidate or an authorized
committee of the candidate from a contributor or contributors, but credited by
the committee or candidate to another person who is not an individual through
records, designations, or other means of recognizing that a certain amount of
money has been raised by such person.</text>
</subparagraph></paragraph><paragraph id="HAB16344CB6C040DDAC99F79467FD3366"><enum>(4)</enum><text>The contribution
meets the requirements of section 512(b).</text>
</paragraph></section></subtitle><subtitle id="HA65A3420374544E29E7E21220A4584EF"><enum>B</enum><header>Eligibility and
certification</header>
<section id="H953978ED01FC4C80B6ABE654D8B24A70"><enum>511.</enum><header>Eligibility</header>
<subsection id="H79BD1307E551414E9FF1DA0037B0BD13"><enum>(a)</enum><header>In
general</header><text>A candidate for the office of Senator or Representative
in, or Delegate or Resident Commissioner to, the Congress is eligible to be
certified as a participating candidate under this title with respect to an
election if the candidate meets the following requirements:</text>
<paragraph id="HF1C79CC3520A42CF833D097142DEACC9"><enum>(1)</enum><text>During the
election cycle for the office involved, the candidate files with the Commission
a statement of intent to seek certification as a participating
candidate.</text>
</paragraph><paragraph id="HD7DA0330A9A546D69B7506335BF5C345"><enum>(2)</enum><text display-inline="yes-display-inline">The candidate meets the qualified
contribution requirements of section 512 and submits to the Commission a report
disclosing each qualified contribution received by the candidate and stating
the aggregate amount of all such qualified contributions received.</text>
</paragraph><paragraph id="H430B8A04ABE44E2D864DDB5477B37B7D"><enum>(3)</enum><text>Not later than the
last day of the qualifying period, the candidate files with the Commission an
affidavit signed by the candidate and the treasurer of the candidate's
principal campaign committee declaring that the candidate—</text>
<subparagraph id="H121C79F3BA4548B88D9C11E3A3C13821"><enum>(A)</enum><text>has complied and,
if certified, will comply with the contribution and expenditure requirements of
section 521;</text>
</subparagraph><subparagraph id="H91D17B4C0587463DAE69ABAC4E46F7E9"><enum>(B)</enum><text>if certified, will
run only as a participating candidate for all elections for the office that
such candidate is seeking during the election cycle; and</text>
</subparagraph><subparagraph id="HFA79B2A5DCC24F80B6DA2B992B6E9C85"><enum>(C)</enum><text>has either
qualified or will take steps to qualify under State law to be on the
ballot.</text>
</subparagraph></paragraph></subsection><subsection id="H1C8A908A94124D64A02180E649C9CC18"><enum>(b)</enum><header>General
election</header><text>Notwithstanding subsection (a), a candidate shall not be
eligible to receive a payment under this title for a general election or a
general runoff election unless the candidate’s party nominated the candidate to
be placed on the ballot for the general election or the candidate is otherwise
qualified to be on the ballot under State law.</text>
</subsection><subsection id="H86134E75CCCE418C857EE58780343222"><enum>(c)</enum><header>Qualifying
period defined</header><text>The term <term>qualifying period</term> means,
with respect to any candidate for the office of Senator or Representative in,
or Delegate or Resident Commissioner to, the Congress, the 120-day period
(during the election cycle for such office) which begins on the date on which
the candidate files a statement of intent under section 511(a)(1), except that
such period may not continue after the date that is 60 days before—</text>
<paragraph id="H002C4BA482F84E1A80E3D934A07BC587"><enum>(1)</enum><text>the date of the
primary election; or</text>
</paragraph><paragraph id="HE40B3EDB81F243C49744F3E0EBA8FC92"><enum>(2)</enum><text>in the case of a
State that does not hold a primary election, the date prescribed by State law
as the last day to qualify for a position on the general election
ballot.</text>
</paragraph></subsection></section><section id="H088CEB6E358C45628E372C2B324E153A"><enum>512.</enum><header>Qualified
contribution requirements</header>
<subsection id="HE54F1F23F8314C378EE2471B2865A5A8"><enum>(a)</enum><header>Receipt of
qualified contributions</header>
<paragraph id="HACD9A657855E42558AA0201B9080A3E1"><enum>(1)</enum><header>In
general</header><text>A candidate meets the requirements of this section if,
during the qualifying period described in section 511(c), the candidate
obtains—</text>
<subparagraph commented="no" id="H498DEACF4C014082A7F04C4E3140F482"><enum>(A)</enum><text>a single qualified
contribution from a number of individuals equal to or greater than—</text>
<clause id="HA2654EE1E5E54186AD249C6C4504B496"><enum>(i)</enum><text>in
the case of a candidate for election the office of Representative in, or
Delegate or Resident Commissioner to, the Congress, 400, or</text>
</clause><clause id="H44A46560E82A4FC2912F7376AAA98BA7"><enum>(ii)</enum><text>in the case of a
candidate for the office of Senator, the product of 400 and the number of
Congressional districts in the State involved as of the date of the election;
and</text>
</clause></subparagraph><subparagraph commented="no" id="H092AFBEB72304F47825FD5EB7ABDF8C4"><enum>(B)</enum><text>a total dollar
amount of qualified contributions equal to or greater than—</text>
<clause id="H5B1CF4770E484423B909AF98C754D88C"><enum>(i)</enum><text display-inline="yes-display-inline">in the case of a candidate for election the
office of Representative in, or Delegate or Resident Commissioner to, the
Congress, $40,000, disregarding any amount of contributions from any person to
the extent that the total of the amounts contributed by such person for the
election exceeds $250, or</text>
</clause><clause id="H1DDFEDB1C8D8450DA33967370ACCDF7A"><enum>(ii)</enum><text display-inline="yes-display-inline">in the case of a candidate for the office
of Senator, the product of $40,000 and the number of Congressional districts in
the State involved as of the date of the election, disregarding any amount of
contributions from any person to the extent that the total of the amounts
contributed by such person for the election exceeds $250.</text>
</clause></subparagraph></paragraph><paragraph id="HF8352DF03D6141CC820A990D2CAAAF93"><enum>(2)</enum><header>Exclusion of
contributions from out-of-State residents</header><text display-inline="yes-display-inline">In determining the number of qualified
contributions obtained by a candidate under paragraph (1)(A) and the dollar
amount of qualified contributions obtained by a candidate under paragraph
(1)(B), there shall be excluded any contributions made by an individual who
does not have a primary residence in the State in which such candidate is
seeking election.</text>
</paragraph></subsection><subsection id="HEAEBC4A8E59A4578A70FCC2B90C829C8"><enum>(b)</enum><header>Requirements
relating to receipt of qualified contribution</header><text>Each qualified
contribution—</text>
<paragraph id="H2C123BEBA6804F87963120C9D81B4A96"><enum>(1)</enum><text>may be made by
means of a personal check, money order, debit card, credit card, or electronic
payment account;</text>
</paragraph><paragraph id="HD13EB1FF5C154B3A84B9DDF576401582"><enum>(2)</enum><text display-inline="yes-display-inline">shall be accompanied by a signed statement
containing the contributor’s name and the contributor's address in the State in
which the primary residence of the contributor is located; and</text>
</paragraph><paragraph id="HE2A4596B2E0B44738DBC337F4C2BA0A1"><enum>(3)</enum><text>shall be
acknowledged by a receipt that is sent to the contributor with a copy kept by
the candidate for the Commission and a copy kept by the candidate for the
election authorities in the State with respect to which the candidate is
seeking election.</text>
</paragraph></subsection><subsection commented="no" id="H21B841790E2C4A2E8D4C2F22E7023E98"><enum>(c)</enum><header>Verification of
qualified contributions</header><text>The Commission shall establish procedures
for the auditing and verification of qualified contributions to ensure that
such contributions meet the requirements of this section.</text>
</subsection><subsection id="HD459A7B6D05240A784F2A6BF33B397A0"><enum>(d)</enum><header>Prohibiting
payment on commission basis of individuals collecting qualified
contributions</header><text>No person may be paid a commission on a per
qualified contribution basis for collecting qualified contributions.</text>
</subsection></section><section id="HE42CF8C8B8784DD6B881CF716C2B76E7"><enum>513.</enum><header>Certification</header>
<subsection id="H5198149989A4497BB1E8CAB0D64704CE"><enum>(a)</enum><header>Deadline and
Notification</header>
<paragraph id="HDC2D7BE9072F4AD39DAAE68660E337AF"><enum>(1)</enum><header>In
general</header><text>Not later than 10 days after a candidate files an
affidavit under section 511(a)(3), the Commission shall—</text>
<subparagraph id="H5C033CC0A86A4DDEB219B98CB5D9ED0B"><enum>(A)</enum><text>determine whether
or not the candidate meets the requirements for certification as a
participating candidate;</text>
</subparagraph><subparagraph id="HED3E0FC9BC484ED0969F701976798165"><enum>(B)</enum><text>if the Commission
determines that the candidate meets such requirements, certify the candidate as
a participating candidate; and</text>
</subparagraph><subparagraph id="H8589BD343EAA4476B8635360D3C7DD38"><enum>(C)</enum><text>notify the
candidate of the Commission's determination.</text>
</subparagraph></paragraph><paragraph id="HD65C8D22E97A4D08BD086C747892740A"><enum>(2)</enum><header>Deemed
certification for all elections in election cycle</header><text>If the
Commission certifies a candidate as a participating candidate with respect to
the first election of the election cycle involved, the Commissioner shall be
deemed to have certified the candidate as a participating candidate with
respect to all subsequent elections of the election cycle.</text>
</paragraph></subsection><subsection id="HAA4781617B1F444E9A2D86958C810D34"><enum>(b)</enum><header>Revocation of
certification</header>
<paragraph id="H6C10A91277C745CB8BF390C7A4245E2F"><enum>(1)</enum><header>In
general</header><text>The Commission may revoke a certification under
subsection (a) if—</text>
<subparagraph id="H2765DBDCB01F499F865A54F8D114D0BF"><enum>(A)</enum><text display-inline="yes-display-inline">a candidate fails to qualify to appear on
the ballot at any time after the date of certification (other than a candidate
certified as a participating candidate with respect to a primary election who
fails to qualify to appear on the ballot for a subsequent election in that
election cycle); or</text>
</subparagraph><subparagraph id="H4FD7C10E7E524E0DAB46CD3FECFC1965"><enum>(B)</enum><text>a candidate
otherwise fails to comply with the requirements of this title, including any
regulatory requirements prescribed by the Commission.</text>
</subparagraph></paragraph><paragraph commented="no" id="H8937A7D1078146B0A1D1BF8C326674F7"><enum>(2)</enum><header>Repayment of
benefits</header><text>If certification is revoked under paragraph (1), the
candidate shall repay to the Empowering Citizens Payment Account of the
Presidential Election Campaign Fund (established under section 9051 of the
Internal Revenue Code of 1986) an amount equal to the value of benefits
received under this title with respect to the election cycle involved plus
interest (at a rate determined by the Commission) on any such amount
received.</text>
</paragraph></subsection><subsection id="H73EE8C230B1B4FBCB21DC82D1E375C3E"><enum>(c)</enum><header>Participating
Candidate defined</header><text>In this title, a <quote>participating
candidate</quote> means a candidate for the office of Senator or Representative
in, or Delegate or Resident Commissioner to, the Congress who is certified
under this section as eligible to receive benefits under this title.</text>
</subsection></section></subtitle><subtitle id="H1ACF4DAB814C4CEDB8627061FA34965F"><enum>C</enum><header>Requirements for
Candidates Certified as Participating Candidates</header>
<section id="H04A9508BF2854BD3B4F563F9D3CE61EA"><enum>521.</enum><header>Restrictions on
certain contributions and expenditures</header>
<subsection id="H6012D03B7F9C4CEAAC6FB3BED7D0B92D"><enum>(a)</enum><header>50 percent
reduction in otherwise applicable contribution limits</header><text display-inline="yes-display-inline">In the case of a candidate who is certified
as a participating candidate under this title with respect to an election, the
limit applicable under paragraph (1)(A) or paragraph (2)(A) of section 315(a)
to the amount of a contribution which may be made to the candidate and any
authorized committee of the candidate with respect to the election shall be
equal to 50% of the amount applicable under such paragraph to a contribution
made to a candidate with respect to the election who is not certified as a
participating candidate under this title.</text>
</subsection><subsection id="H5B29D42C98E34027B0C39D20CB86AB8E"><enum>(b)</enum><header>Prohibiting
acceptance of contributions from registered lobbyists or contributions bundled
by registered lobbyists</header><text display-inline="yes-display-inline">A
candidate who is certified as a participating candidate under this title with
respect to an election, and any authorized committee of such a candidate, may
not accept any of the following contributions with respect to the
election:</text>
<paragraph id="H1FD61F33A8564B6B8A5BB81B2CFEE85D"><enum>(1)</enum><text display-inline="yes-display-inline">Any contribution from—</text>
<subparagraph id="HD3F110DABB484919B7C1AD56E556CE32"><enum>(A)</enum><text>an individual who
is a current registrant under section 4(a)(1) of the Lobbying Disclosure Act of
1995; or</text>
</subparagraph><subparagraph id="HD27BDFD9BE254FDAB328B5875CFE2AF6"><enum>(B)</enum><text>an individual who
is listed on a current registration filed under section 4(b)(6) of such Act or
a current report under section 5(b)(2)(C) of such Act.</text>
</subparagraph></paragraph><paragraph id="HB37133BCF29F4974B2C52EDD6FCF526E"><enum>(2)</enum><text display-inline="yes-display-inline">Any bundled contribution (as defined in
section 304(i)(8)) forwarded by or credited to a person described in section
304(i)(7).</text>
</paragraph></subsection><subsection id="H17C1943D1A3843BC9EB8A315C294A93C"><enum>(c)</enum><header>Limit on
expenditures from personal funds</header><text display-inline="yes-display-inline">A candidate who is certified as a
participating candidate under this title may not make expenditures from
personal funds (as defined in section 304(a)(6)(B)) in an aggregate amount
exceeding $50,000 with respect to any election in the election cycle
involved.</text>
</subsection><subsection id="H39900417045346DAA790CF377759F081"><enum>(d)</enum><header>Prohibiting
solicitation of funds for political party committees</header><text>A candidate
who is certified as a participating candidate under this title may not solicit
funds for any political committee of a political party, except that the
candidate may solicit funds for a separate account of the committee which is
established under section 315(d)(5).</text>
</subsection></section><section display-inline="no-display-inline" id="HBD0A2883870946B0ABA7003E62047E0A"><enum>522.</enum><header>Remitting
unspent funds after election</header>
<subsection id="H588D62AC5EFD4F03801DD175CA723ADC"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Not later than the
date that is 60 days after the last election for which a candidate certified as
a participating candidate qualifies to be on the ballot during the election
cycle involved, such participating candidate shall remit to the Commission for
deposit in the Empowering Citizens Payment Account of the Presidential Election
Campaign Fund (established under section 9051 of the Internal Revenue Code of
1986) an amount equal to the lesser of—</text>
<paragraph id="HE607E18E5FD042ACBC96BD048A226C26"><enum>(1)</enum><text display-inline="yes-display-inline">the amount of money in the candidate’s
campaign account; or</text>
</paragraph><paragraph id="H14F470A1EBCB4D098FBDFD4CBC9A2115"><enum>(2)</enum><text display-inline="yes-display-inline">the amount of the payments received by the
candidate under this title.</text>
</paragraph></subsection><subsection id="HD6006D5B28E440E9A3274BA18D49E1AE"><enum>(b)</enum><header>Exception for
expenditures incurred but not paid as of date of remittance</header>
<paragraph id="HA1030640A9DE475ABAB26AB003AFBB0D"><enum>(1)</enum><header>In
general</header><text>Subject to subsection (a), a candidate may withhold from
the amount required to be remitted under paragraph (1) of such subsection the
amount of any authorized expenditures which were incurred in connection with
the candidate’s campaign but which remain unpaid as of the deadline applicable
to the candidate under such subsection, except that any amount withheld
pursuant to this paragraph shall be remitted to the Commission not later than
120 days after the date of the election to which such subsection
applies.</text>
</paragraph><paragraph id="HEE29E624BC4849A1BD4E5D41BD87C48B"><enum>(2)</enum><header>Documentation
required</header><text>A candidate may withhold an amount of an expenditure
pursuant to paragraph (1) only if the candidate submits documentation of the
expenditure and the amount to the Commission not later than the deadline
applicable to the candidate under subsection (a).</text>
</paragraph></subsection></section></subtitle><subtitle id="H44D0D456EABE40889BE18CA79A8FCCAF"><enum>D</enum><header>Administrative
provisions</header>
<section id="HDAAE0800FA784E42B57543BC421E2950"><enum>531.</enum><header>Administration
by Commission</header><text display-inline="no-display-inline">The Commission
shall prescribe regulations to carry out the purposes of this title, including
regulations to establish procedures for—</text>
<paragraph id="HB1A874E16A9C4921A576AFAF1DE63796"><enum>(1)</enum><text>verifying the
amount of qualified contributions with respect to a candidate;</text>
</paragraph><paragraph commented="no" id="HBA2FF05585BE4C999EB0C55C92F6A753"><enum>(2)</enum><text>effectively and
efficiently monitoring and enforcing the limits on the raising of qualified
contributions;</text>
</paragraph><paragraph id="HA2DC1761AD5E4198863F6B3D65A6612C"><enum>(3)</enum><text>effectively and
efficiently monitoring and enforcing the limits on the use of personal funds by
participating candidates; and</text>
</paragraph><paragraph id="HCCA7E810A5A4477AA26D26514B86411E"><enum>(4)</enum><text>monitoring the use
of payments under this title through audits of not fewer than
<fraction>1/3</fraction> of all participating candidates or other
mechanisms.</text>
</paragraph></section><section id="H20CB02072DA445B886580ABE7B38AC50"><enum>532.</enum><header>Violations and
penalties</header>
<subsection id="H1F51CA8AF98F4229B0A4ADB1847EB62A"><enum>(a)</enum><header>Civil penalty
for violation of contribution and expenditure requirements</header><text display-inline="yes-display-inline">If a candidate who has been certified as a
participating candidate accepts a contribution or makes an expenditure that is
prohibited under section 521, the Commission shall assess a civil penalty
against the candidate in an amount that is not more than 3 times the amount of
the contribution or expenditure. Any amounts collected under this subsection
shall be deposited into the Empowering Citizens Payment Account of the
Presidential Election Campaign Fund (established under section 9051 of the
Internal Revenue Code of 1986).</text>
</subsection><subsection commented="no" id="H8FA5B9E877824D7695B236C0A204D592"><enum>(b)</enum><header>Repayment for
improper use of Empowering Citizens Payment Account</header>
<paragraph commented="no" id="HB0BCB3457396459EB27F00B30F0F09D5"><enum>(1)</enum><header>In
general</header><text>If the Commission determines that any benefit made
available to a participating candidate was not used as provided for in this
title or that a participating candidate has violated any of the dates for
remission of funds contained in this title, the Commission shall so notify the
candidate and the candidate shall pay to the Empowering Citizens Payment
Account of the Presidential Election Campaign Fund an amount equal to—</text>
<subparagraph commented="no" id="H08C371734B0D4420A96872E1909D4876"><enum>(A)</enum><text>the amount of
benefits so used or not remitted, as appropriate; and</text>
</subparagraph><subparagraph commented="no" id="H23365B811802400DAD31FB4E8755BBE5"><enum>(B)</enum><text>interest on any
such amounts (at a rate determined by the Commission).</text>
</subparagraph></paragraph><paragraph commented="no" id="HADD632AEDB8944BC8B48D44D469C6463"><enum>(2)</enum><header>Other action not
precluded</header><text>Any action by the Commission in accordance with this
subsection shall not preclude enforcement proceedings by the Commission in
accordance with section 309(a), including a referral by the Commission to the
Attorney General in the case of an apparent knowing and willful violation of
this title.</text>
</paragraph></subsection></section><section id="HBFEB608FD0394B188CD189E537CA3452"><enum>533.</enum><header>Election cycle
defined</header><text display-inline="no-display-inline">In this title, the
term <term>election cycle</term> means, with respect to an election for the
office of Senator or Representative in, or Delegate or Resident Commissioner
to, the Congress, the period beginning on the day after the date of the most
recent general election for that office (or, if the general election resulted
in a runoff election, the date of the runoff election) and ending on the date
of the next general election for that office (or, if the general election
resulted in a runoff election, the date of the runoff
election).</text>
</section></subtitle>.
202.Permitting
unlimited coordinated expenditures by political party committees on behalf of
participating candidates if expenditures are derived from small dollar
contributionsSection 315(d)
of the Federal Election Campaign Act of
1971 (2 U.S.C. 441a(d)) is amended by adding at the end the
following new paragraph:
(5)In determining the amount of expenditures
made by a committee under paragraph (3) in connection with the campaign of a
candidate who is certified as a participating candidate under title V, there
shall be excluded any expenditures which are derived from a separate account
established by the committee for which the only sources of funds are
contributions made during the election cycle in an amount which does not exceed
50% of the amount applicable under subsection (a)(1)(A) to a contribution made
during the cycle to a candidate who is not certified as a participating
candidate under title
V.
.
203.Prohibiting use
of contributions by participating candidates for purposes other than campaign
for electionSection 313 of
the Federal Election Campaign Act of 1971 (2 U.S.C. 439a) is amended by adding
at the end the following new subsection:
(d)Restrictions on
Permitted Uses of Funds by Candidates Receiving Fair Elections
FinancingNotwithstanding
paragraphs (2), (3), or (4) of subsection (a), if a candidate for election for
the office of Senator or Representative in, or Delegate or Resident
Commissioner to, the Congress is certified as a participating candidate under
title V with respect to the election, any contribution which the candidate is
permitted to accept under such title may be used only for authorized
expenditures in connection with the candidate’s campaign for such
office.
.
<enum>III</enum><header>Coordinated
campaign activity</header>
<section id="H85D2D3D015074CADACAC06DA8BEAF761"><enum>301.</enum><header>Clarification
of treatment of coordinated expenditures as contributions to
candidates</header>
<subsection id="HA2E537F461424B84B3D5B7877394B6A7"><enum>(a)</enum><header>Treatment as
contribution to candidate</header><text display-inline="yes-display-inline">Section 301(8)(A) of the Federal Election
Campaign Act of 1971 (2 U.S.C. 431(8)(A)) is amended—</text>
<paragraph id="H397A0BCB2DD6465A94A9B36AA5209222"><enum>(1)</enum><text>by striking
<quote>or</quote> at the end of clause (i);</text>
</paragraph><paragraph id="HCFFFCB068F3C4414B31F02C4356F9B08"><enum>(2)</enum><text>by striking the
period at the end of clause (ii) and inserting <quote>; or</quote>; and</text>
</paragraph><paragraph id="H1884AE95A3A7482785209818A148B346"><enum>(3)</enum><text>by adding at the
end the following new clause:</text>
<quoted-block display-inline="no-display-inline" id="HE064A798B65344E39328892F46A1C28B" style="traditional">
<clause id="H8C7325BD17C44127AC6250F85C8B97B1" indent="up1"><enum>(iii)</enum><text>any payment made by any person
(other than a candidate, an authorized committee of a candidate, or a political
committee of a political party) for a coordinated expenditure (as such term is
defined in section 324) which is not otherwise treated as a contribution under
clause (i) or clause
(ii).</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="HFEAF8B935B4F421AB5844E8ACCACA900"><enum>(b)</enum><header>Definitions</header><text>Section
324 of such Act (2 U.S.C. 441k) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H781315E171884FFBB8D52BA7A182163B" style="OLC">
<section id="H370739EBC7E04DFFBE7E597EAB52BFD2"><enum>324.</enum><header>Payments for
coordinated expenditures</header>
<subsection id="HC49467D6110842BDA8E0A6ABF2DB42A1"><enum>(a)</enum><header>Coordinated
expenditures</header>
<paragraph id="H9D916BEC491E49C99837AA6B129221C3"><enum>(1)</enum><header>In
general</header><text>For purposes of section 301(8)(A)(iii), the term
<term>coordinated expenditure</term> means—</text>
<subparagraph id="H887CB76A8CB94EE19542F6BBB71CC832"><enum>(A)</enum><text>any expenditure,
including a payment for a covered communication described in subsection (c),
which is made in cooperation, consultation, or concert with, or at the request
or suggestion of, a candidate, an authorized committee of a candidate, a
political committee of a political party, or agents of the candidate or
committee, as provided in subsection (b); or</text>
</subparagraph><subparagraph id="H26D1448AEDC5470DAD1659DF434968A8"><enum>(B)</enum><text display-inline="yes-display-inline">any payment for any communication which
republishes, disseminates, or distributes, in whole or in part, any broadcast
or any written, graphic, or other form of campaign material prepared by the
candidate or committee or by agents of the candidate or committee.</text>
</subparagraph></paragraph><paragraph id="HE98BB77F80C248DAAB5F8F11CF99AF8B"><enum>(2)</enum><header>Exception for
payments for certain communications</header><text>A payment for a communication
(including a covered communication described in subsection (c)) shall not be
treated as a coordinated expenditure under this subsection if—</text>
<subparagraph id="H486D1C0DF2DD4232B0DB0A0F08E825F0"><enum>(A)</enum><text>the communication
appears in a news story, commentary, or editorial distributed through the
facilities of any broadcasting station, newspaper, magazine, or other
periodical publication, unless such facilities are owned or controlled by any
political party, political committee, or candidate; or</text>
</subparagraph><subparagraph id="H56C98AFFDDA5439F9D57A67D4E3BBD41"><enum>(B)</enum><text>the communication
constitutes a candidate debate or forum conducted pursuant to regulations
adopted by the Commission pursuant to section 304(f)(3)(B)(iii), or which
solely promotes such a debate or forum and is made by or on behalf of the
person sponsoring the debate or forum.</text>
</subparagraph></paragraph></subsection><subsection id="HCEEC002B56794C5E9323FA78AE85AEAA"><enum>(b)</enum><header>Coordination
described</header>
<paragraph id="HB8EE1A2AC57F40CCA9C32DF0BE337A49"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">For purposes of this
section, a payment is made <quote>in cooperation, consultation, or concert
with, or at the request or suggestion of,</quote> a candidate, an authorized
committee of a candidate, a political committee of a political party, or agents
of the candidate or committee, if the payment is not made entirely
independently of the candidate, committee, or agents, including a payment which
is made pursuant to any general or particular understanding, or more than
incidental communication with, the candidate, committee, or agents about the
payment.</text>
</paragraph><paragraph id="HF1F69DA2AE5A48B3AE89FB2233497A0F"><enum>(2)</enum><header>No finding of
coordination based solely on sharing of information regarding legislative or
policy position</header><text>For purposes of this section, a payment shall not
be considered to be made by a person in cooperation, consultation, or concert
with, or at the request or suggestion of, a candidate or committee, solely on
the grounds that the person or the person’s agent engaged in discussions with
the candidate or committee, or with agents of the candidate or committee,
regarding that person's position on a legislative or policy matter (including
urging the candidate or committee to adopt that person's position), so long as
there is no discussion between the person and the candidate or committee, or
agents of the candidate or committee, regarding the candidate’s or committee’s
campaign advertising, message, strategy, policy, polling, allocation of
resources, fundraising, or campaign operations.</text>
</paragraph><paragraph id="H9F2D6A479177493397528957E6364824"><enum>(3)</enum><header>No effect on
party coordination standard</header><text>Nothing in this section shall be
construed to affect the determination of coordination between a candidate and a
political committee of a political party for purposes of section 315(d).</text>
</paragraph></subsection><subsection id="H1FE2FF90380B4D399AA0584959066A7E"><enum>(c)</enum><header>Special rule for
payments by coordinated spenders for covered communications</header>
<paragraph id="H7D8D78BCE4D74E478904CF22CB835017"><enum>(1)</enum><header>Payments deemed
to be made in cooperation, consultation, or concert with,
candidates</header><text display-inline="yes-display-inline">For purposes of
this section, if the person who makes a payment for a covered communication is
a coordinated spender with respect to the candidate involved, the person shall
be deemed to have made the payment in cooperation, consultation, or concert
with the candidate.</text>
</paragraph><paragraph id="H69ADE316D96E4340B45FEEE80441F9B1"><enum>(2)</enum><header>Coordinated
spender defined</header><text>For purposes of this subsection, the term
<term>coordinated spender</term> means, with respect to a candidate or an
authorized committee of a candidate, a person (other than a political committee
of a political party) for which any of the following applies:</text>
<subparagraph id="H10BF2C7B3B7744A8957192D059558AE1"><enum>(A)</enum><text display-inline="yes-display-inline">The person is directly or indirectly formed
or established by or at the request or suggestion of, or with the encouragement
of, the candidate or committee or agents of the candidate or committee,
including with the express or tacit approval of the candidate or committee or
agents of the candidate or committee.</text>
</subparagraph><subparagraph id="H898C33423BBD450EB540E763864D0F6C"><enum>(B)</enum><text>The candidate or
committee or agents of the candidate or committee solicit funds or engage in
other fundraising activity on the person’s behalf during the election cycle
involved, including by providing the person with names of potential donors or
other lists to be used by the person in engaging in fundraising
activity.</text>
</subparagraph><subparagraph id="H7E15A3C34AEE4C63B25425F5783F0764"><enum>(C)</enum><text>The person is
established, directed, or managed by any person who, during the election cycle
involved or during the 4-year period ending on the first day of the election
cycle involved, has been employed or retained as a political, media, or
fundraising adviser or consultant for the candidate or committee or for any
other entity directly or indirectly controlled by the candidate or committee,
or has held a position with a title for the candidate or committee.</text>
</subparagraph><subparagraph id="H296995517068436A9554582C6A249F63"><enum>(D)</enum><text>During the
election cycle involved, the person has had more than incidental communications
with the candidate or committee or agents of the candidate or committee about
the candidate’s campaign needs or activities, or about the person’s possible or
actual campaign activities with respect to the candidate or committee.</text>
</subparagraph><subparagraph id="H3D008BD9B47241B99E04C4253DEAA0C6"><enum>(E)</enum><text>The person has
retained the professional services of any person who, during the same election
cycle, has provided or is providing professional services relating to the
campaign to the candidate or committee. For purposes of this subparagraph, the
term <term>professional services</term> includes any services in support of the
candidate’s or committee’s campaign activities, including advertising, message,
strategy, policy, polling, allocation of resources, fundraising, and campaign
operations, but does not include accounting or legal services.</text>
</subparagraph></paragraph></subsection><subsection id="HF19AC9F304BF44F0909793BB257D6657"><enum>(d)</enum><header>Covered
communication defined</header>
<paragraph id="HE56A821242E54A0ABF8E5C3BBE645CCF"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">For purposes of this
section, the term <term>covered communication</term> means, with respect to a
candidate or an authorized committee of a candidate, a public communication (as
defined in section 301(22)) which—</text>
<subparagraph id="H2A1BCA1769144E99B029198E0F4D3108"><enum>(A)</enum><text>promotes or
supports the candidate, or attacks or opposes an opponent of the candidate
(regardless of whether the communication expressly advocates the election or
defeat of a candidate or contains the functional equivalent of express
advocacy); or</text>
</subparagraph><subparagraph id="H06918E04D77F4BBF880A0D403DB33CF5"><enum>(B)</enum><text>refers to the
candidate or an opponent of the candidate but is not described in subparagraph
(A), but only if the communication is disseminated during the applicable
election period.</text>
</subparagraph></paragraph><paragraph id="H901087C7A9F749249762DE91A03B6A16"><enum>(2)</enum><header>Applicable
election period</header><text>In paragraph (1)(B), the <quote>applicable
election period</quote> with respect to a communication means—</text>
<subparagraph id="H0712DB4E88EE4D38B422A6A1D67D59E2"><enum>(A)</enum><text>in the case of a
communication which refers to a candidate for the office of President or Vice
President, the period which begins on the date that is 120 days before the date
of the first primary election, preference election, or nominating convention
for nomination for the office of President which is held in any State and ends
with the date of the general election for such office; or</text>
</subparagraph><subparagraph id="HB4CA125643F645B2A5CE8CD5A74CF38D"><enum>(B)</enum><text>in the case of a
communication which refers to a candidate for any other office, which begins on
the date that is 90 days before the primary or preference election, or
convention or caucus of a political party that has authority to nominate a
candidate, for the office sought by the candidate and ends on the date of the
general election for such office.</text>
</subparagraph></paragraph><paragraph id="HB0609B719E1A43B98BFAC8A6F309077C"><enum>(3)</enum><header>Special rules
for communications involving congressional candidates</header><text>For
purposes of this subsection, a public communication shall not be considered to
be a covered communication with respect to a candidate for election for an
office other than the office of President or Vice President unless it is
publicly disseminated or distributed in the jurisdiction of the office the
candidate is seeking.</text>
</paragraph></subsection><subsection id="H8E36D6181F124D1D895B161E64108646"><enum>(e)</enum><header>Election cycle
defined</header><text display-inline="yes-display-inline">In this section, the
term <term>election cycle</term> means, with respect to an election for Federal
office, the period beginning on the day after the date of the most recent
general election for that office (or, if the general election resulted in a
runoff election, the date of the runoff election) and ending on the date of the
next general election for that office (or, if the general election resulted in
a runoff election, the date of the runoff
election).</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H1AD19C70AB12448AAD513E47342B09B4"><enum>(c)</enum><header>Effective
date</header>
<paragraph id="H2B839CE4B64D4B19871250D3BAFCF653"><enum>(1)</enum><header>Repeal of
existing regulations on coordination</header><text display-inline="yes-display-inline">Effective upon the expiration of the 90-day
period which begins on the date of the enactment of this Act—</text>
<subparagraph id="H4BEC0208A7F54FCD9343EAABEDC1A9EA"><enum>(A)</enum><text>the regulations on
coordinated communications adopted by the Federal Election Commission which are
in effect on the date of the enactment of this Act (as set forth in 11 CFR Part
109, Subpart C, under the heading <quote>Coordination</quote>) are repealed;
and</text>
</subparagraph><subparagraph id="H4F79E4A497084AA5B156D15CF0FE26E6"><enum>(B)</enum><text>the Federal
Election Commission shall promulgate new regulations on coordinated
communications which reflect the amendments made by this Act.</text>
</subparagraph></paragraph><paragraph id="H12DE6C5CF8E641E8AB610F53C7594B6C"><enum>(2)</enum><header>Effective
date</header><text>The amendments made by this section shall apply with respect
to payments made on or after the expiration of the 120-day period which begins
on the date of the enactment of this Act, without regard to whether or not the
Federal Election Commission has promulgated regulations in accordance with
paragraph (1)(B) as of the expiration of such period.</text>
</paragraph></subsection></section><section id="HAA94CEDF84464521B9DF5CE6BE05BE75"><enum>302.</enum><header>Clarification
of ban on fundraising for super pacs by federal candidates and
officeholders</header><text display-inline="no-display-inline">Section
323(e)(1) of the Federal Election Campaign Act of 1971 (2 U.S.C. 441i(e)(1)) is
amended—</text>
<paragraph id="HE1C48B910E414F4AB4FD74F6A4F8A775"><enum>(1)</enum><text>by striking
<quote>or</quote> at the end of subparagraph (A);</text>
</paragraph><paragraph id="HD8D284C6DD7743869E05B54312404CA5"><enum>(2)</enum><text>by striking the
period at the end of subparagraph (B) and inserting <quote>; or</quote>;
and</text>
</paragraph><paragraph id="H58D9DA6FCD4F42A793C542F3A3A5D8AB"><enum>(3)</enum><text>by adding at the
end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H3029F4F723874DE48E651B50D1211127" style="OLC">
<subparagraph id="H1DE884E0590A466B9E2896C0897BB93B"><enum>(C)</enum><text display-inline="yes-display-inline">solicit, receive, direct, or transfer funds
to or on behalf of any political committee which accepts donations or
contributions that do not comply with the limitations, prohibitions, and
reporting requirements of this Act (or to or on behalf of any account of a
political committee which is established for the purpose of accepting such
donations or contributions), or to or on behalf of any political organization
under section 527 of the Internal Revenue Code of 1986 which accepts such
donations or contributions (other than a committee of a State or local
political party or a candidate for election for State or local
office).</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><enum>IV</enum><header>Use
of Presidential Election Campaign Fund for public financing of Federal
elections</header>
<section id="HB442B019E39047EC86778075AD8E8BB9"><enum>401.</enum><header>Use of
Presidential Election Campaign Fund for congressional candidates</header><text display-inline="no-display-inline">Subtitle H of the Internal Revenue Code of
1986 is amended by adding at the end the following new chapter:</text>
<quoted-block display-inline="no-display-inline" id="H6910D445DFD7404B9367F344148C910B" style="OLC">
<chapter id="HE4D61C0ED60243C09CA301752725B340"><enum>97</enum><header>Empowering
citizens payment account</header>
<toc>
<toc-entry level="section">Sec. 9051. Payments to Congressional
candidates.</toc-entry>
</toc>
<section id="H9F81692FD7574FAD81E12AA429A89A17"><enum>9051.</enum><header>Payments to
Congressional candidates</header>
<subsection id="HE0B2258F5DA94BBD98293833DDAA0B96"><enum>(a)</enum><header>Establishment of
account</header><text display-inline="yes-display-inline">The Secretary shall
maintain in the Presidential Election Campaign Fund established by section
9006(a), in addition to any account which he maintains under such section, a
separate account to be known as the Empowering Citizens Payment Account. The
Secretary shall deposit into such Account the amount available after the
Secretary determines that amounts for payments under section 9006(c) and for
payments under section 9037(b) are available for such payments.</text>
</subsection><subsection id="H8D858775F9244BDFB4218F3C5569E4E0"><enum>(b)</enum><header>Use of Fund for
payments to Congressional candidates participating in public financing
program</header><text display-inline="yes-display-inline">The Secretary shall
transfer amounts in the Fund to the Federal Election Commission, at such times
and in such amounts as the Federal Election Commission may certify, for
payments to candidates for election to the office of Senator or Representative
in, or Delegate or Resident Commissioner to, the Congress who are participating
candidates under title V of the Federal Election Campaign Act of
1971.</text>
</subsection></section></chapter><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="HD0C5B01CF4B848598E990A8890628E6B"><enum>402.</enum><header>Revisions to
designation of income tax payments by individual taxpayers</header>
<subsection id="H9DFFC8C9A20E4BC683A0EF293F272A58"><enum>(a)</enum><header>Increase in
amount designated</header><text>Section 6096(a) of the Internal Revenue Code of
1986 is amended—</text>
<paragraph id="HD307CFA0B7324515B9B9D496DA610767"><enum>(1)</enum><text>in the first
sentence, by striking <quote>$3</quote> each place it appears and inserting
<quote>$20</quote>; and</text>
</paragraph><paragraph id="HB24A580A479D48F580C2DE9A57DEF651"><enum>(2)</enum><text>in the second
sentence—</text>
<subparagraph id="H38EC5F4002B042D8B750159C6F1EFBBE"><enum>(A)</enum><text>by striking
<quote>$6</quote> and inserting <quote>$40</quote>; and</text>
</subparagraph><subparagraph id="HEF9B6493AD4347CB920D1D93982012F7"><enum>(B)</enum><text>by striking
<quote>$3</quote> and inserting <quote>$20</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="H26EEA1B6BB5148E2A3533FC82D57D2B7"><enum>(b)</enum><header>Indexing</header><text>Section
6096 of such Code is amended by adding at the end the following new
subsection:</text>
<quoted-block id="HFAB8610094404724B8D7ECEE900ADFE0">
<subsection id="H1A2C5441625B45B9886D005428487C79"><enum>(d)</enum><header>Indexing of
amount designated</header>
<paragraph id="H635E3FEE20D94212B37118D4A262A592"><enum>(1)</enum><header>In
general</header><text>With respect to each taxable year after 2012, each amount
referred to in subsection (a) shall be increased by the percent difference
described in paragraph (2), except that if any such amount after such an
increase is not a multiple of $1, such amount shall be rounded to the nearest
multiple of $1.</text>
</paragraph><paragraph id="HBF010B2542464838A82906A255104563"><enum>(2)</enum><header>Percent
difference described</header><text>The percent difference described in this
paragraph with respect to a taxable year is the percent difference determined
under section 315(c)(1)(A) of the <act-name parsable-cite="FECA">Federal
Election Campaign Act of 1971</act-name> with respect to the calendar year
during which the taxable year begins, except that the base year involved shall
be
2011.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HE41E73B5E4204F8B88D5C3FA61CDBDE0"><enum>(c)</enum><header>Ensuring tax
preparation software does not provide automatic response to designation
question</header><text>Section 6096 of such Code, as amended by subsection (b),
is amended by adding at the end the following new subsection:</text>
<quoted-block id="HD8AF83BC279B4F36B2C10C8D285702F6">
<subsection id="HE1D23CC6BDBE4637BA8DBEB687BF2017"><enum>(e)</enum><header>Ensuring tax
preparation software does not provide automatic response to designation
question</header><text>The Secretary shall promulgate regulations to ensure
that electronic software used in the preparation or filing of individual income
tax returns does not automatically accept or decline a designation of a payment
under this
section.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HB4053217B4CA4EE19539A2B34B6CE273"><enum>(d)</enum><header>Public
information program on designation</header><text>Section 6096 of such Code, as
amended by subsections (b) and (c), is amended by adding at the end the
following new subsection:</text>
<quoted-block id="HDBB7061C3EDB4C18BB175351952F7362">
<subsection id="H300205E5B00F48A081001374729DC957"><enum>(f)</enum><header>Public
information program</header>
<paragraph id="H113912B07F634B2C958BC60B540DE01A"><enum>(1)</enum><header>In
general</header><text>The Federal Election Commission shall conduct a program
to inform and educate the public regarding the purposes of the Presidential
Election Campaign Fund, the procedures for the designation of payments under
this section, and the effect of such a designation on the income tax liability
of taxpayers.</text>
</paragraph><paragraph id="H605861844F49472796157E851AA647B6"><enum>(2)</enum><header>Use of funds for
program</header><text>Amounts in the Presidential Election Campaign Fund shall
be made available to the Federal Election Commission to carry out the program
under this
subsection.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HDEE4B572524640B9A38BF920DA535469"><enum>(e)</enum><header>Effective
date</header><text>The amendments made by this section shall take effect
January 1, 2013.</text>
</subsection></section><section id="H79122E477BF54692972F0E9E2FC18004"><enum>403.</enum><header>Donation to
Presidential Election Campaign Fund</header>
<subsection id="HDA143EA836EA42AF80BA454574CF090A"><enum>(a)</enum><header>General
rule</header><text>Every taxpayer who makes a return of the tax imposed by
subtitle A of the Internal Revenue Code of 1986 for any taxable year ending
after December 31, 2011, may donate an amount (not less than $1), in addition
to any designation of income tax liability under section 6096 of such Code for
such taxable year, which shall be deposited in the general fund of the
Treasury.</text>
</subsection><subsection id="H85F2458996C545BAAED214230725D5D7"><enum>(b)</enum><header>Manner and time
of designation</header><text>Any donation under subsection (a) for any taxable
year—</text>
<paragraph id="H8FFBB99B656244F79B938E21304DF0EB"><enum>(1)</enum><text>shall be made at
the time of filing the return of the tax imposed by subtitle A of such Code for
such taxable year and in such manner as the Secretary may by regulation
prescribe, except that—</text>
<subparagraph id="H41A61BA4A2F84FEAA5D9F3119B0841F2"><enum>(A)</enum><text>the designation
for such donation shall be either on the first page of the return or on the
page bearing the taxpayer’s signature, and</text>
</subparagraph><subparagraph id="H384158EDA67F44DDBD95E7064262E675"><enum>(B)</enum><text>the designation
shall be by a box added to the return, and the text beside the box shall
provide:</text>
<list level="clause">
<list-item><quote>By checking here, I signify that in addition to
my tax liability (if any), I would like to donate the included payment to be
used exclusively as a contribution to the Presidential Election Campaign
Fund.</quote>,</list-item></list>
</subparagraph><continuation-text continuation-text-level="paragraph">and</continuation-text></paragraph><paragraph id="H294A5E91CBF14EF49B00BE11272E3FF7"><enum>(2)</enum><text>shall be
accompanied by a payment of the amount so designated.</text>
</paragraph></subsection><subsection id="H2E6CC2466024483BB905BDC26A80EDE6"><enum>(c)</enum><header>Treatment of
amounts donated</header><text>For purposes of this title, the amount donated by
any taxpayer under subsection (a) shall be treated as a contribution made by
such taxpayer to the United States on the last date prescribed for filing the
return of tax imposed by subtitle A of such Code (determined without regard to
extensions) or, if later, the date the return is filed.</text>
</subsection><subsection id="HAC47E07AA6A34BA981FE3FD70BDDD50F"><enum>(d)</enum><header>Transfers to
Presidential Election Campaign Fund</header><text>The Secretary shall, from
time to time, transfer to the Presidential Election Campaign Fund established
under section 9006(a) of such Code amounts equal to the amounts donated under
this section.</text>
</subsection></section><enum>V</enum><header>Other
Campaign Finance Reforms</header>
<section id="H32F7179184F140099C3AF57A10C6546C"><enum>501.</enum><header>Regulations
with respect to best efforts for identifying persons making
contributions</header><text display-inline="no-display-inline">Not later than 6
months after the date of enactment of this Act, the Federal Election Commission
shall promulgate regulations with respect to what constitutes best efforts
under section 302(i) of the Federal Election Campaign Act of 1971 (2 U.S.C.
432(i)) for determining the identification of persons making contributions to
political committees, including the identifications of persons making
contributions over the Internet or by credit card. Such regulations shall
include a requirement that in the case of contributions made by a credit card,
the political committee shall ensure that the name on the credit card used to
make the contribution matches the name of the person making the
contribution.</text>
</section><section id="H76AD0CBB501946A99214E20861F18611"><enum>502.</enum><header>Prohibition on
joint fundraising committees</header>
<subsection id="H10614B3EE8964656B7DD639EB07391AA"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 302(e) of the
Federal Election Campaign Act of 1971 (2 U.S.C. 432(e)) is amended by adding at
the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H907B98F63D274088B393E327654B744E" style="OLC">
<paragraph id="H3EFCC6CA53CA4FFB899E5188F68094C9"><enum>(6)</enum><text>No authorized
committee of a candidate may establish a joint fundraising committee with a
political committee other than an authorized committee of a
candidate.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H6883BBC9B7A0455DA1B41DBD3CA616D6"><enum>(b)</enum><header>Effective
date</header><text>The amendments made by this section shall take effect on
January 1, 2013.</text>
</subsection></section><section id="HF54787FA1D654A3D977241AA76FA42B2"><enum>503.</enum><header>Disclosure of
bundled contributions to presidential campaigns</header>
<subsection id="HB843F9CDCB8443FC9671DFAD63788ED1"><enum>(a)</enum><header>In
general</header><text>Paragraphs (1) through (3) of section 304(i) of the
Federal Election Campaign Act of 1971 (2 U.S.C. 434(i)) are amended to read as
follows:</text>
<quoted-block act-name="Federal Election Campaign Act of 1971" display-inline="no-display-inline" id="HF32B502ED60C45B3B352D5F2BF1C8D8B" style="OLC">
<paragraph id="HC0899EBF5F914B4E9F709002052F657C"><enum>(1)</enum><header>In
general</header>
<subparagraph id="HB1A9C5C3684A4D9583BB1637E42B401F"><enum>(A)</enum><header>Disclosure of
bundled contributions by lobbyists</header><text>Each committee described in
paragraph (6) shall include in the first report required to be filed under this
section after each covered period (as defined in paragraph (2)) a separate
schedule setting forth the name, address, and employer of each person
reasonably known by the committee to be a person described in paragraph (7) who
provided 2 or more bundled contributions to the committee in an aggregate
amount greater than the applicable threshold (as defined in paragraph (3))
during the covered period, and the aggregate amount of the bundled
contributions provided by each such person during the covered period.</text>
</subparagraph><subparagraph id="H39A041EA676D40B7969FC48A575B91BF"><enum>(B)</enum><header>Disclosure of
bundled contributions to presidential campaigns</header><text>Each committee
which is an authorized committee of a candidate for the office of President or
for nomination to such office shall include in the first report required to be
filed under this section after each covered period (as defined in paragraph
(2)) a separate schedule setting forth the name, address, and employer of each
person who provided 2 or more bundled contributions to the committee in an
aggregate amount greater than the applicable threshold (as defined in paragraph
(3)) during the election cycle, and the aggregate amount of the bundled
contributions provided by each such person during the covered period and such
election cycle. Such schedule shall include a separate listing of the name,
address, and employer of each person included on such schedule who is
reasonably known by the committee to be a person described in paragraph (7),
together with the aggregate amount of bundled contributions provided by such
person during such period and such cycle.</text>
</subparagraph></paragraph><paragraph id="H7E03EF97B14146A8967CEE13CBA894DF"><enum>(2)</enum><header>Covered
period</header><text>In this subsection, a <term>covered period</term>
means—</text>
<subparagraph id="H037C136404AD47799E2F026626104A73"><enum>(A)</enum><text>with respect to a
committee which is an authorized committee of a candidate for the office of
President or for nomination to such office—</text>
<clause id="HF5FB0806BE8A46A4B50ABA2E6D730EA6"><enum>(i)</enum><text>the 4-year
election cycle ending with the date of the election for the office of the
President; and</text>
</clause><clause id="H1AB897883C604F799AE7FC592893B467"><enum>(ii)</enum><text>any reporting
period applicable to the committee under this section during which any person
provided 2 or more bundled contributions to the committee; and</text>
</clause></subparagraph><subparagraph id="H2EE3B7BEA42D49A9AA0515BFA0D3D986"><enum>(B)</enum><text>with respect to
any other committee—</text>
<clause id="HDDF92B9F1A5047B3A6A24ED348F377E3"><enum>(i)</enum><text>the period
beginning January 1 and ending June 30 of each year;</text>
</clause><clause id="H925E39A423F64A79AF9246A9469B656C"><enum>(ii)</enum><text>the period
beginning July 1 and ending December 31 of each year; and</text>
</clause><clause id="H8DD8592ACC9C4A549A2F755E52770ED3"><enum>(iii)</enum><text>any reporting
period applicable to the committee under this section during which any person
described in paragraph (7) provided 2 or more bundled contributions to the
committee in an aggregate amount greater than the applicable threshold.</text>
</clause></subparagraph></paragraph><paragraph id="H229C6D05829A415EB99E671091BD05EE"><enum>(3)</enum><header>Applicable
threshold</header>
<subparagraph id="HE4185882EB6B46D5A3D69F0822636EC2"><enum>(A)</enum><header>In
general</header><text>In this subsection, the <term>applicable threshold</term>
is—</text>
<clause id="H0D560F69250A4CE9B6C767A94CA4A009"><enum>(i)</enum><text>$50,000 in the
case of a committee which is an authorized committee of a candidate for the
office of President or for nomination to such office; and</text>
</clause><clause id="HB1752A2C3B434E819D07ADA079543230"><enum>(ii)</enum><text>$15,000 in the
case of any other committee.</text>
</clause><continuation-text continuation-text-level="subparagraph">In
determining whether the amount of bundled contributions provided to a committee
by a person exceeds the applicable threshold, there shall be excluded any
contribution made to the committee by the person or the person's spouse.</continuation-text></subparagraph><subparagraph id="HD3DAD9E4713B4C758D818A9A68041E26"><enum>(B)</enum><header>Indexing</header><text>In
any calendar year after 2016, section 315(c)(1)(B) shall apply to each amount
applicable under subparagraph (A) in the same manner as such section applies to
the limitations established under subsections (a)(1)(A), (a)(1)(B), (a)(3), and
(h) of such section, except that for purposes of applying such section to the
amount applicable under subparagraph (A), the <quote>base period</quote> shall
be
2015.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HC84A995B3B5F4F629E189ACAE93A56F0"><enum>(b)</enum><header>Conforming
amendments</header><text>Subsection (i) of section 304 of such Act (2 U.S.C.
434) is amended—</text>
<paragraph id="HC2AD5F9CAEF64ABB97AF0D0442DB6E97"><enum>(1)</enum><text>in paragraph (5),
by striking <quote>described in paragraph (7)</quote> each place it appears in
subparagraphs (C) and (D);</text>
</paragraph><paragraph id="H270DED46C50245E18C40F850ACED10EE"><enum>(2)</enum><text>in paragraph (6),
by inserting <quote>(other than a candidate for the office of President or for
nomination to such office)</quote> after <quote>candidate</quote>; and</text>
</paragraph><paragraph id="H0477FB78E84D410DAE84B10966F12B58"><enum>(3)</enum><text>in paragraph
(8)(A)—</text>
<subparagraph id="H402024D6EDCD4DD5B798C9F7F955993C"><enum>(A)</enum><text>by striking
<quote>, with respect to a committee described in paragraph (6) and a person
described in paragraph (7),</quote> and inserting <quote>, with respect to a
committee described in paragraph (6) or an authorized committee of a candidate
for the office of President or for nomination to such office,</quote>;</text>
</subparagraph><subparagraph id="H9F6489CDD15241119B1C7536CBC80AA7"><enum>(B)</enum><text>by striking
<quote>by the person</quote> in clause (i) thereof and inserting <quote>by any
person</quote>; and</text>
</subparagraph><subparagraph id="H6404FE605F1E4FA282080E49EB6A7523"><enum>(C)</enum><text>by striking
<quote>the person</quote> each place it appears in clause (ii) and inserting
<quote>such person</quote>.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="HA164C769FC2645F487FC9971DE872DDF"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply with respect
to reports filed under section 304 of the Federal Election Campaign Act of 1971
after January 1, 2013.</text>
</subsection></section><section id="H6CBB45C6357E431DA7397DF89D26FE9B"><enum>504.</enum><header>Judicial review
of actions related to campaign finance laws</header>
<subsection id="H196C395749884A7F85580EEB9736EE02"><enum>(a)</enum><header>In
general</header><text>Title IV of the Federal Election Campaign Act of 1971 (2
U.S.C. 451 et seq.) is amended by inserting after section 406 the following new
section:</text>
<quoted-block display-inline="no-display-inline" id="H3AF9114EBEB64E6891916F8263DE61AC" style="OLC">
<section id="H83DA811D67174EBCB9880A17748E6DE1"><enum>407.</enum><header>Judicial
review</header>
<subsection id="HC4FE320377774A298D5A091B358028B2"><enum>(a)</enum><header>In
general</header><text>If any action is brought for declaratory or injunctive
relief to challenge the constitutionality of any provision of this Act or of
chapter 95 or 96 of the Internal Revenue Code of 1986, or is brought to with
respect to any action of the Commission under chapter 95 or 96 of the Internal
Revenue Code of 1986, the following rules shall apply:</text>
<paragraph id="HB8865A0FDCC341ABAFD6674161C7C1F6"><enum>(1)</enum><text>The action shall
be filed in the United States District Court for the District of Columbia and
an appeal from the decision of the district court may be taken to the Court of
Appeals for the District of Columbia Circuit.</text>
</paragraph><paragraph id="H9F6CD745AF584C93A02C54A7D8275465"><enum>(2)</enum><text>In the case of an
action relating to declaratory or injunctive relief to challenge the
constitutionality of a provision—</text>
<subparagraph id="H0B740F6A06654109AE09F3E5D873CAE0"><enum>(A)</enum><text>a copy of the
complaint shall be delivered promptly to the Clerk of the House of
Representatives and the Secretary of the Senate; and</text>
</subparagraph><subparagraph id="H2E0FC71BDCD64E65A9EAD4F197C307EE"><enum>(B)</enum><text>it shall be the
duty of the United States District Court for the District of Columbia, the
Court of Appeals for the District of Columbia, and the Supreme Court of the
United States to advance on the docket and to expedite to the greatest possible
extent the disposition of the action and appeal.</text>
</subparagraph></paragraph></subsection><subsection id="HA4992FCE08C1442AAE621976DAD57A18"><enum>(b)</enum><header>Intervention by
Members of Congress</header><text>In any action in which the constitutionality
of any provision of this Act or chapter 95 or 96 of the Internal Revenue Code
of 1986 is raised, any member of the House of Representatives (including a
Delegate or Resident Commissioner to the Congress) or Senate shall have the
right to intervene either in support of or opposition to the position of a
party to the case regarding the constitutionality of the provision. To avoid
duplication of efforts and reduce the burdens placed on the parties to the
action, the court in any such action may make such orders as it considers
necessary, including orders to require interveners taking similar positions to
file joint papers or to be represented by a single attorney at oral
argument.</text>
</subsection><subsection id="H4A54E38F8AFD4C0789A890D818949BD7"><enum>(c)</enum><header>Challenge by
Members of Congress</header><text>Any Member of Congress may bring an action,
subject to the special rules described in subsection (a), for declaratory or
injunctive relief to challenge the constitutionality of any provision of this
Act or chapter 95 or 96 of the Internal Revenue Code of
1986.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="HE608F5D7E50C42D79453786117EA5CC9"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="HE97869EADFC64FB2BA711BB9D1E8D532"><enum>(1)</enum><header>In
general</header>
<subparagraph id="HFA66F0F932AD4AAAA96D0A42BA65B38E"><enum>(A)</enum><text>Section 310 of the
Federal Election Campaign Act of 1971 (2 U.S.C. 437h) is repealed.</text>
</subparagraph><subparagraph commented="no" id="H70554B94799F4E76B352E0B3716A8F14"><enum>(B)</enum><text>Section 9011 of
the Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HD3F11993DFE1445DAA19FAB9B4E0694C" style="OLC">
<section id="H8E45B387985D4D9297FFFFF279EE4426"><enum>9011.</enum><header>Judicial
review</header><text display-inline="no-display-inline">For provisions relating
to judicial review of certifications, determinations, and actions by the
Commission under this chapter, see section 407 of the Federal Election Campaign
Act of
1971.</text>
</section><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" id="H68D34F77111449E2AB7E44FBFB433F55"><enum>(C)</enum><text>Section 9041 of
the Internal Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="HC67ABB3A28A24447A1B20FE7C1D60647" style="OLC">
<section commented="no" id="HFA9AD60B7A07455DAE40AC3816AC5053"><enum>9041.</enum><header>Judicial
review</header><text display-inline="no-display-inline">For provisions relating
to judicial review of actions by the Commission under this chapter, see section
407 of the Federal Election Campaign Act of
1971.</text>
</section><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" id="H7D798E39758243A893F614473B019FE4"><enum>(D)</enum><text>Section 403 of the
Bipartisan Campaign Finance Reform Act of 2002 (2 U.S.C. 437h note) is
repealed.</text>
</subparagraph></paragraph></subsection><subsection commented="no" id="H2ED2BF15DC0F4F4AB5FB6EEADF1A868E"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to actions
brought on or after January 1, 2013.</text>
</subsection></section><enum>VI</enum><header>Severability;
Effective Date</header>
<section commented="no" id="H10AC3260F9DF4C878B41FEE19EDE1E1B"><enum>601.</enum><header>Severability</header><text display-inline="no-display-inline">If any provision of this Act or amendment
made by this Act, or the application of a provision or amendment to any person
or circumstance, is held to be unconstitutional, the remainder of this Act and
amendments made by this Act, and the application of the provisions and
amendment to any person or circumstance, shall not be affected by the
holding.</text>
</section><section id="HBD021A52B2A149B0AADE795A7FD46F8E"><enum>602.</enum><header>Effective
date</header><text display-inline="no-display-inline">Except as otherwise
provided in this Act, the amendments made by this Act shall apply with respect
to elections occurring after January 1, 2013.</text>
</section>