1.Short title; table of
contents
(a)This Act may be cited
as the Presidential Funding
Act
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title; table of contents.
Title I—Primary elections
Sec. 101. Increase in and modifications to matching
payments.
Sec. 102. Eligibility requirements for matching
payments.
Sec. 103. Inflation adjustment for contribution limitations and
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.
Title II—General elections
Sec. 201. Modification of eligibility requirements for public
financing.
Sec. 202. Repeal of expenditure limitations and use of
qualified campaign contributions.
Sec. 203. Matching payments and other modifications to payment
amounts.
Sec. 204. Inflation adjustment for payment amounts and
qualified contributions.
Sec. 205. Increase in limit on coordinated party
expenditures.
Sec. 206. Establishment of uniform date for release of
payments.
Sec. 207. Amounts in Presidential Election Campaign
Fund.
Sec. 208. Use of general election payments for general election
legal and accounting compliance.
Title III—Political conventions
Sec. 301. Repeal of public financing of party
conventions.
Sec. 302. Contributions for political conventions.
Sec. 303. Prohibition on use of soft money.
Title IV—Other provisions
Sec. 401. Revisions to designation of income tax payments by
individual taxpayers.
Sec. 402. Regulations with respect to best efforts for
identifying persons making contributions.
Sec. 403. Prohibition on joint fundraising
committees.
Sec. 404. Disclosure of bundled contributions to presidential
campaigns.
Sec. 405. Judicial review of actions related to campaign
finance laws.
Title V—Severability and effective date
Sec. 501. Severability.
Sec. 502. Effective date.
<enum>I</enum><header>Primary
elections</header>
<section id="H4CD8F932ADDC4341B75023931E77DEDB"><enum>101.</enum><header>Increase in and
modifications to matching payments</header>
<subsection id="H1D6882CEC52E4961BAEE8A2291EAA079"><enum>(a)</enum><header>Increase and
modification</header>
<paragraph id="H3862A35B602A41BD89C3AC15A68AA6C4"><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="HF6CEFED9EE9C43A39DCDAB8472F3180A"><enum>(A)</enum><text>by striking
<quote>an amount equal to the amount of each contribution</quote> and inserting
<quote>an amount equal to 400 percent of the amount of each matchable
contribution</quote>; and</text>
</subparagraph><subparagraph id="HCF4E431E6C2F484CB2EA75C547C7C3CD"><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="HCAF57EB28032455DBCF25A6906C4B083"><enum>(2)</enum><header>Matchable
contributions</header><text>Section 9034 of such Code is amended—</text>
<subparagraph id="H71B7224F87C84B339FF617ABEC6103D1"><enum>(A)</enum><text>by striking the
last sentence of subsection (a); and</text>
</subparagraph><subparagraph id="HC0923D2DB94845E6AF904F174010E98D"><enum>(B)</enum><text>by inserting after
subsection (b) the following new subsection:</text>
<quoted-block display-inline="no-display-inline" id="H7FDBC298CDD6413BA87BD8CF684CC3F9" style="OLC">
<subsection id="H720B0309DDC849DBAFD80395D6CEF1EA"><enum>(c)</enum><header>Matchable
contribution defined</header><text>For purposes of this section and section
9033(b)—</text>
<paragraph id="H64969B12A1814024BFBD6C6D981C3D7B"><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—</text>
<subparagraph id="H993AD21FB98B40EEA05AC4CD3C7FC497"><enum>(A)</enum><text>which does not
exceed $200, and</text>
</subparagraph><subparagraph id="HEE752EF77C4E4954A1CD73FD8AAB18BF"><enum>(B)</enum><text>with respect to
which the candidate has certified in writing that—</text>
<clause id="H0EA4DC28FDAE40098A73C3A34C71941F"><enum>(i)</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 $200 with respect to such nomination,</text>
</clause><clause id="H01C1B5EEFB524BFC97116274FBC3C939"><enum>(ii)</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 $200 with respect to such nomination, and</text>
</clause><clause commented="no" id="H0986E9A3DD344CDDB5227F1990E4F3E5"><enum>(iii)</enum><text>such
contribution was not—</text>
<subclause commented="no" id="H86FFC1D20A6B40BAA79DD0AADC960A53"><enum>(I)</enum><text>forwarded from the
contributor from any person other than an individual, or</text>
</subclause><subclause commented="no" id="H361DA2B9BA1C47EFBE571D83170AC6BD"><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>
</subclause></clause></subparagraph></paragraph><paragraph id="HCAA9D7D3C41A43189DCDA0E528C20A48"><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="HD8349FE290EA46CF9F8772AF87F78F5A"><enum>(3)</enum><header>Conforming
amendments</header>
<subparagraph id="H44546722445245A29F856878D64CB682"><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="HCE5FD12BAB024D25982652D0F1B2C7FB"><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="HD9EB54293137497DBB5CB028EEE272C3"><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="H5A18954DD3B543C48223EA6C526B02B6"><enum>102.</enum><header>Eligibility
requirements for matching payments</header>
<subsection id="H11CDF7DFD9A148D99693719111AE9D06"><enum>(a)</enum><header>Amount of
aggregate contributions per State</header><text>Section 9033(b)(3) of the
Internal Revenue Code of 1986 is amended by striking <quote>$5,000</quote> and
inserting <quote>$25,000</quote>.</text>
</subsection><subsection id="H03B44600011F454F90D90162EDB0364A"><enum>(b)</enum><header>Contribution
limit</header>
<paragraph id="H5C5BACEB5BA0483CA98B30F4A804D90A"><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="HCC9ED710719A45D5B0E5D0F4C31A1297" style="OLC">
<paragraph id="HD3388EA96F944283AB78993D806F683F"><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
$1,000.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" id="HF88BDBC769524F34B320FC5CE23A9819"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph commented="no" id="H1E751D3717BC4D7290EAF540B9D3D37E"><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="H4EEDE5B3F8C441CA84074F00B3209960" 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="HB934AD052D144F438950253F596E3BFF"><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="H10F1088E30D74372ACCC815B463BF07F"><enum>(c)</enum><header>Participation in
system for payments for general election</header><text>Section 9033(b) of such
Code is amended—</text>
<paragraph id="H6DCEADD842EE46F4859CA105DBF3BD0E"><enum>(1)</enum><text>by striking
<quote>and</quote> at the end of paragraph (3);</text>
</paragraph><paragraph id="H856488F3672241F097002A6F7E006BB9"><enum>(2)</enum><text>by striking the
period at the end of paragraph (4) and inserting <quote>, and</quote>;
and</text>
</paragraph><paragraph id="H8DB07D50E44E4B3E89F19FCCB9565164"><enum>(3)</enum><text>by adding at the
end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H68683FC6017F49AFADC21952B2C0CED5" style="OLC">
<paragraph id="H04136E17ABA84983ACAE359CFAAAB779"><enum>(5)</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="H6D58BE3AB0BA429CA4EDD0E2508D0136"><enum>103.</enum><header>Inflation
adjustment for contribution limitations and 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="HFBF6F4393FD04ABFBE2E3351D32CB4A8" style="OLC">
<subsection id="H00FE3C7B4D16472F9ABFCD2DB6F4C890"><enum>(d)</enum><header>Inflation
adjustments</header>
<paragraph id="HCBD1068C33A5415EBF27889CB8B201FE"><enum>(1)</enum><header>In
general</header><text>In the case of any applicable period beginning after
2012, each of the dollar amounts in paragraphs (3) and (4) of subsection (b),
subsection (c), and section 9034(b) shall be increased by an amount equal
to—</text>
<subparagraph id="H412341367C424976A59FCE4AC25BC333"><enum>(A)</enum><text>such dollar
amount, multiplied by</text>
</subparagraph><subparagraph id="H87351467A7C34EF397D878DACD596349"><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="H0B893716084047949756FC35AC9174D8"><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="HFD4FA38B630B4BD68199A4B0B1073691"><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="H4563C730A7954555B74FE3E2DBCEF38E"><enum>104.</enum><header>Repeal of
expenditure limitations</header>
<subsection id="H50A8C2485E664488B7193A7FC6A07DE7"><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="HD36525991351408D9F865D1E576C7E73" style="OLC">
<subsection id="HE285EB5D618C40E9858F5CBF51B74673"><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="HAE602500213F45488F0371D9772C7342"><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="H4E6B1728DFB848DA8B1127396130B742" style="OLC">
<paragraph id="H4F9393FF4C724478898FCDD1EA52C5F8"><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="H8858840115744466B5542309C89E1A3E"><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="H2AF3DFADC6CE4494A8D2344C5F290C4D"><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="H7D99EBFB633041B99EBF4C69C86D72FA"><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><enum>II</enum><header>General
elections</header>
<section id="HFEB7B8B1C0BD48D99123EF820F126D7D"><enum>201.</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="H37136FE393B9409FBEC95BB4F203AE9F" style="OLC">
<subsection id="HA692149E763D4A0F993ED64198AABFD6"><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="HA97E087C005B4C4F805CC238726EBEA6"><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="HE1BF4A3DF2C64A648B36DA0051E2AD5F"><enum>(2)</enum><header>Agreements with
Commission</header><text>The candidates, in writing—</text>
<subparagraph id="H6B69BE5CC2A0433B9BE2DEFB7FCE0925"><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="H80A881CD187F42899B67F6DB6A951CCD"><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="H9503B6BFEDDC4AA781637BD05D6182EA"><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="H791C1FB0C4E94DD18A7089FC15E31B3E"><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="HFAF18BB19E7743D0982FF76930369A72"><enum>(A)</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="H49AAF1F2C32247B0BB3EE1A7F02F1A13"><enum>(B)</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="HFC9CC3D2342C4CCFA4D16FF4A9D12D8F"><enum>202.</enum><header>Repeal of
expenditure limitations and use of qualified campaign contributions</header>
<subsection commented="no" display-inline="no-display-inline" id="H5DA26183D38F4EC0BF9828AFE7DDF8C6"><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="H5A7976C5808745A3862125F1A159871D" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="H1687443490D946E5BA430B08E8950ACE"><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="H20BEF79CD9C24E0381D7491DEF213C31"><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="H5B7BE28CB3C442F28E1F8274AF38EA88"><enum>(A)</enum><text>qualified campaign
contributions, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HD9FE9F0F1AE34D4BA85FBA9A37F028D4"><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="H5784F00D77034C6384B2FF310F1E82CF"><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="HCDE9099BE23945B68687E9A31EF18079"><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="HEC165829A3624CF9A1185234D5C7A91B" style="OLC">
<subsection id="HCF1C30E477F647E9B7CB24D679758FA4"><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="HB31143C3D0A64B5C9560B66E0182E9B1"><enum>(1)</enum><text>qualified campaign
contributions, and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H2D7A71DD569B4C7BB22EDA83CFB5199C"><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="H2FA2C6B6B30A41BE8DDB17A5E35C7D65"><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="HC644042B371C47B08A909F817BF67069"><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="HDDF1652E95E346EBA7CCBA8CE81B0527"><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="H8A503901A5654FCC9BE870986A28A344" style="OLC">
<paragraph id="H6EFCE089E13C448288FD6D1F7DBF0302"><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 a person to a candidate or
an authorized committee of a candidate which—</text>
<subparagraph id="HFD2262ABF0BA410AACC6F4C40AEB7165"><enum>(A)</enum><text>is made after June
1 of the year in which the election is held,</text>
</subparagraph><subparagraph id="H176B3FCEA6074AB68D7CE8DF6BD65508"><enum>(B)</enum><text>does not exceed
$1,000, and</text>
</subparagraph><subparagraph id="H78FC878CA3DF4C7C9B9F1E5C46D16E25"><enum>(C)</enum><text>with respect to
which the candidate has certified in writing that—</text>
<clause id="H1F40E9D488544A52B084763AB57210A9"><enum>(i)</enum><text>the person 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 $1,000 with respect to such election, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="HA866CFBA0D684251B9E053C72800470D"><enum>(ii)</enum><text>such candidate
and the authorized committees of such candidate will not accept contributions
from such person (including such qualified contribution) aggregating more than
$1,000 with respect to such
election.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H5D745BB75E514422886869B73D0A4914"><enum>(d)</enum><header>Conforming
amendments</header>
<paragraph id="H0A6986756B6A45FE9ABB26AA98AB0F88"><enum>(1)</enum><header>Repeal of
expenditure limits</header>
<subparagraph id="H61DB9E761C5641588CA10941F8359F90"><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="HE118C7EF889748F5B50AA1BA8B112F64"><enum>(B)</enum><text>Section 315(c) of
such Act (2 U.S.C. 441a(c)) is amended—</text>
<clause id="HA4095CE776DA402CA875196F0BF2EDEB"><enum>(i)</enum><text>in
paragraph (1)(B)(i), by striking <quote>, (b)</quote>; and</text>
</clause><clause id="H0D4FC80C5DD047A9B7F171578792667B"><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="HF95B572BDF54490E98BBFCAE3CD07DA1"><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="H2E82C47E14604696B74D1BE39949F716"><enum>(3)</enum><header>Repayments</header>
<subparagraph id="H0588983858CB415AA319B20581BC4F8D"><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="HD6118EF2D7F048DC9C7E69200D9BB709"><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="H47F8D737BBB34542A5A7F448748E022F"><enum>(4)</enum><header>Criminal
penalties</header>
<subparagraph id="H1117F0650C47435F884378D95D3FE915"><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="H2024878F31534676BB67B6D76B3E5110"><enum>(B)</enum><header>Contributions</header>
<clause id="H4A9AF75AE8B546D184E5978F8781977D"><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="H87B33027333D4E09859B7F102C3030A7"><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="HFF73F3E757BF4015AA4602C0F41FDD14"><enum>203.</enum><header>Matching
payments and other modifications to payment amounts</header>
<subsection id="H4751367495994F63A7DB756CB99DEB83"><enum>(a)</enum><header>In
general</header>
<paragraph id="HAE71AE374FC64131811612491D566232"><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="HAB0A0EF48B2F4CE196E64D88C46C7A8C" style="OLC">
<subsection id="H15CF42B1555E4F2E813011FE0606D976"><enum>(a)</enum><header>In
general</header><text>Subject to the provisions of this chapter—</text>
<paragraph commented="no" id="H68ED651C50664E3CA7A39B33058EFBE9"><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="H2D26E35A6134408EAE5D7911D47166EE"><enum>(A)</enum><text>$50,000,000,
plus</text>
</subparagraph><subparagraph id="H10E0442FC07B40A2A3A71A45A8AD4C03"><enum>(B)</enum><text>an amount equal to
400 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.</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="HC0E897E2B5F44E85880A6D5E127E8384"><enum>(2)</enum><header>Pre-election
payments for minor and new parties</header>
<subparagraph id="HDB22D5F4B02D494E868EBA19D156E036"><enum>(A)</enum><header>Payment based on
prior votes received by party</header>
<clause id="HC349F6EDAE85486ABC1FD41762F67E18"><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="HBB93FA3B7F204752AFA726348BE89C24"><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="HD59395486AFA4CCDBA4E337BCAAE5B3F"><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="HA488416A71484B4D83C712C65372918D"><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="H25202F2F942A460CB312D1714CD85CA7"><enum>(iii)</enum><header>Applicable
percentage</header><text>For purposes of subparagraph (A), the applicable
percentage is the product of 400 percent and the popular vote ratio with
respect to such minor party.</text>
</clause></subparagraph><subparagraph id="H5709E4B96E094CE38E8E784BA3537990"><enum>(B)</enum><header>Payment based on
prior votes received by candidate</header>
<clause id="HC083B76DC8774238A24A16AE7B48C27A"><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="H2BA16302D9084D2C9A7D6C10533B85CA"><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="HB4464CC2B9894D3B910FEA9B4E966089"><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="H9F7DD4C7F4714A4EB94EAB712244856D"><enum>(3)</enum><header>Post-election
payments for minor and new parties</header>
<subparagraph id="HA089B86241B04639AA8FCB1EEC6CF9EA"><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="H36EE8041ADF343EE80C72C5E3F025B0A"><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="H37D61D03501949F5AFD94FC3C8E6E21F"><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="HF588FEFBCCEC4EB68F0D01126FFF12E7"><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="H3B95DFB539A54C748DCD846CF973FF79"><enum>(C)</enum><header>Applicable
percentage</header><text>For purposes of subparagraph (A), the applicable
percentage is the product of 400 percent and the popular vote ratio with
respect to such candidate.</text>
</subparagraph><subparagraph id="H65555F623E104F0087324978EB6056CE"><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="H82A609D47C46424B9B5C6955A2461677"><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="HC980F9BAD4744A8F81829742145BE182"><enum>(b)</enum><header>Matchable
contribution</header><text>Section 9002 of such Code, as amended by section
202, is amended by adding at the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="H42C37440228C444CAAD50243F3D9AE39" style="OLC">
<paragraph id="H9A88307715224C378DA800F52580E310"><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—</text>
<subparagraph id="HE58638DD713042118A50FA8F1AFB9994"><enum>(A)</enum><text>which does not
exceed $200, and</text>
</subparagraph><subparagraph id="HCD0FAF641F2449BDA960AAE7CBDBC0DA"><enum>(B)</enum><text>with respect to
which the candidate has certified in writing that—</text>
<clause id="HFD591A561A8A4FAF97CE3BDFCB47BD55"><enum>(i)</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 $200 with respect to such election,</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H9B4B1B2B6CAC4B1695556A466BA979D0"><enum>(ii)</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 $200 with respect to such election, and</text>
</clause><clause commented="no" id="HEFDF724EF0164B15AE26D8C51AE92BCC"><enum>(iii)</enum><text>such
contribution was not—</text>
<subclause commented="no" id="H01E0D4AADDDD4272BB9138BF334C8C0E"><enum>(I)</enum><text>forwarded from the
contributor from any person other than an individual, or</text>
</subclause><subclause commented="no" id="HA4C5514D46DB4300820C6371D6CCF3B1"><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>
</subclause></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="H87272FD8A4064D989937A2B57C2B9599"><enum>204.</enum><header>Inflation
adjustment for payment amounts and qualified contributions</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="H8FFA879470E74CD29A8D374F5FC68CD9" style="OLC">
<subsection id="H682F32CD1A6F4FF1B8CD42FF14FDD547"><enum>(f)</enum><header>Inflation
adjustments</header>
<paragraph id="H78A4DFCD98354CA0BE590ADB637D972D"><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), section 9002(13), and
section 9002(14) shall be increased by an amount equal to—</text>
<subparagraph id="HE699B1858A494C18832B4E7668DA1CC2"><enum>(A)</enum><text>such dollar
amount, multiplied by</text>
</subparagraph><subparagraph id="HF8082445ED7A4E83B11E41E4812ED1E1"><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="H7A49CCC60630424088DF40693F25650C"><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="H17E6F1CFBE2342789E0D9FA16D78D0F2"><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="H88985C687F224E228E3DC5733E39B676"><enum>205.</enum><header>Increase in
limit on coordinated party expenditures</header>
<subsection id="HC853AFC38C1944B8BD3940D8F3707237"><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="H1EF9FD72236D49F9AA803DED9CC7FB9A" style="OLC">
<paragraph id="HEA4C122F463F4FBBA44184BE00BD461C" indent="up1"><enum>(2)</enum><subparagraph commented="no" display-inline="yes-display-inline" id="H18F64D48482C4523923400CE3FAE2D45"><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="H388666989E7B4C90AE38148A52C48FDE" indent="up1"><enum>(B)</enum><text>For purposes of this
paragraph—</text>
<clause id="H91F8CB33B7174392ADF93DFC69403B1A"><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="HCDF382331D9A465F8C167222F172ECC8"><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="HA8294352DCD549458149FCAC73F5D9BB" 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="HCEB60E5781DC4A9A97561F994349B679"><enum>(b)</enum><header>Conforming
amendments relating to timing of cost-of-Living adjustment</header>
<paragraph id="H6F54D7586DDF4FB3B01266F6C42F24CA"><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 202(d)(1)(B), is amended—</text>
<subparagraph id="HCEB31246C31443EB94E18F5FB83A567A"><enum>(A)</enum><text>in subparagraph
(B), by striking <quote>(d)</quote> and inserting <quote>(d)(3)</quote>;
and</text>
</subparagraph><subparagraph id="H2DA16AF0BF224D9B866399777D6EAB88"><enum>(B)</enum><text>by inserting at
the end the following new subparagraph:</text>
<quoted-block display-inline="no-display-inline" id="H00DCBC317F3F459C83097A43827FA3C7" style="OLC">
<subparagraph id="H31B26096E16D435D89F59B413AE04888" indent="up2"><enum>(D)</enum><text>In any calendar year after
2016—</text>
<clause id="HC29B0CFEDC674D62A182D84373F16940"><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="HCFD814DE0AF745E58DBF7946A26F323F"><enum>(ii)</enum><text>the amount so increased shall remain
in effect for the calendar year; and</text>
</clause><clause id="HE14E6CF4FBF6465CBA11CC016042AE3A"><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="H5886667163814DF386DD391DD4DD5F61"><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 202(d)(1)(B), is amended—</text>
<subparagraph id="H2E6164607CA04A6E98E52D9448C8DB9C"><enum>(A)</enum><text>in clause
(i)—</text>
<clause id="HD7A18076EB724DE582499A9900D4972F"><enum>(i)</enum><text>by
striking <quote>(d)</quote> and inserting <quote>(d)(3)</quote>; and</text>
</clause><clause id="HADC5FC3CD12A4E66BDCA2DE0ADC098A1"><enum>(ii)</enum><text>by
striking <quote>and</quote> at the end;</text>
</clause></subparagraph><subparagraph id="H8C82C45ED32C45AE867054D25A69B02D"><enum>(B)</enum><text>in clause (ii), by
striking the period at the end and inserting <quote>; and</quote>; and</text>
</subparagraph><subparagraph id="H78801A6CF34F40A8B761A422A07C52BC"><enum>(C)</enum><text>by adding at the
end the following new clause:</text>
<quoted-block id="H4C7A51C475744382B277937D67FF4881">
<clause id="H0FF97A070015427B8FEA368C627A7EE3" 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="H06C7C821FE624F49B13E71543EE1F9D6"><enum>206.</enum><header>Establishment
of uniform date for release of payments</header>
<subsection id="H6DFA9CD4586347918AED7E0533F864B1"><enum>(a)</enum><header>Date for
payments</header>
<paragraph id="H4727B6920BF243F596A02350536648C7"><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="HEC4130E6381543038E210B2C415DAD1D" style="OLC">
<subsection id="HF5364C63E74B4BB29502EAA567B3F132"><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="H3B300C70EAEC4898B7E49F7590019534"><enum>(1)</enum><text>the last Friday
occurring before the first Monday in September, or</text>
</paragraph><paragraph id="HFD13337294EF4EA6BEF8C93C7F87E209"><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="HCBBD19E32F4B4EB89121658919BDCE97"><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="HF6857ACAF47B42B9A318AD66572411EC"><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="H5F3FD38D52FE4191A4E47DE19B5589F5"><enum>207.</enum><header>Amounts in
Presidential Election Campaign Fund</header>
<subsection id="H9E3CEA714544483AA084DDB876BC9549"><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="HB575ADC41EF743D1A4887699192D6B7B"><enum>(b)</enum><header>Special rule for
first campaign cycle under this Act</header>
<paragraph id="HC7BF0D21FCAD407BAC7FEB7C91DCB6D0"><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="HD40DB9CE7BBE45AEB9FEA80F73165BDC" style="OLC">
<subsection commented="no" id="H6D28261704E04BC38A1C8A5D6FF4C81D"><enum>(d)</enum><header>Special
authority To borrow</header>
<paragraph commented="no" id="HC516EF92FF82461A8DD2DFE083D7A401"><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="H1F3A8BB193474489AC89F615A2B3B019"><enum>(2)</enum><header>Repayment of
advances</header>
<subparagraph id="H0B048A093A1D4D508EF7D241E9FBF3DA"><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="HA50676F20A7E4EC5B352421AFBCA0097"><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="H027E2682420A404988EDBC0BC5F26FC6"><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="HBF4E0D723F91418C93E7F963D6D1CCEC"><enum>208.</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><enum>III</enum><header>Political
conventions</header>
<section id="H2C6ED8028C03437F95AC492500A6E691"><enum>301.</enum><header>Repeal of
public financing of party conventions</header>
<subsection id="H8C9C964722194AE89DA5EB2BF8229BE9"><enum>(a)</enum><header>In
general</header><text>Chapter 95 of the Internal Revenue Code of 1986 is
amended by striking section 9008.</text>
</subsection><subsection id="H77D9F63B51C048BBA465EFA1B343FF4D"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="HD0CF6A93658F42D0BF83E336BDCF3075"><enum>(1)</enum><text>Section 9006(c) of
such Code is amended by striking <quote>section 9008(b)(3)</quote>.</text>
</paragraph><paragraph id="H44F4755D2F9C4435880301BA6779BCFD"><enum>(2)</enum><text>Section 9009 of
such Code is amended by inserting <quote>and</quote> at the end of paragraph
(3), by striking the semi-colon at the end of paragraph (4) and inserting a
period, and by striking paragraphs (5) and (6).</text>
</paragraph><paragraph id="HD79AFA28B576417ABBD2C91D178C90A9"><enum>(3)</enum><text>Section 9012 of
such Code, as amended by section 202(d)(4), is amended—</text>
<subparagraph id="H04D121D0E532452195E5FDE371C8DC68"><enum>(A)</enum><text>by striking
subsection (a) and redesignating subsections (b) through (f) as subsections (a)
through (e), respectively; and</text>
</subparagraph><subparagraph id="HA45CECD1D5C04A9397DB1A8BBC3B7453"><enum>(B)</enum><text>in subsection (a),
as redesignated by subparagraph (A), by striking paragraph (2) and
redesignating paragraph (3) as paragraph (2).</text>
</subparagraph></paragraph><paragraph id="HF20625A2DA634261B405FE0F2BF37B13"><enum>(4)</enum><text>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="H63036D468A4A4860B90B6FD9E3D690A7"><enum>302.</enum><header>Contributions
for political conventions</header>
<subsection id="H3303BAC1673848779FDB8B572FEE2099"><enum>(a)</enum><header>Separate
contribution limitation</header>
<paragraph id="H2EC4BD3A4CE149728516FE4D5891D1C7"><enum>(1)</enum><header>Individuals</header>
<subparagraph id="H6421A599FEE041AB9E69BFA9698CC3CB"><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="H19FE32602F5F40FFB5A4780238597982" style="OLC">
<subparagraph id="HE12A03C251A346CEA3FF17A153522990"><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="H8495D2859F0A4BB8B9928EF6AF56C0B3"><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="HA93A5FABEE4B47489C309519C370CDF5"><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="H97055F6A5FD04A08A9C9913378858321" 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="HDC4540D631044ADB9ABF889FB7E31F40"><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="H82B514A00A68460DAF0CA4CEC2A1F221" style="OLC">
<paragraph id="H6D8323924A1148A291B1547289F38D0C"><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="HA132FCA57A914D08B8B2BD531ABE4DF0"><enum>303.</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="HF4FE577005574FC2B255A72DE15DEB4C" style="OLC">
<subsection id="HB5580D27A27947C7B1A0258CD13E6CD4"><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="H79E8496B354D47BA944FA5C8C1B8EBA6"><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="H77B401CCC5674B8B8245660EDE5347FA"><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><enum>IV</enum><header>Other
provisions</header>
<section id="H5E9EA3044E3C42D4B8D56CC3904814AC"><enum>401.</enum><header>Revisions to
designation of income tax payments by individual taxpayers</header>
<subsection id="H49B2E786C75F4D20A3194D2C2A61D316"><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="HD3931788654E4040B56CBB61B1CC7F93"><enum>(1)</enum><text>in the first
sentence, by striking <quote>$3</quote> each place it appears and inserting
<quote>$10</quote>; and</text>
</paragraph><paragraph id="HEAFA0A014E6642DCBFCF85C80DE65AEF"><enum>(2)</enum><text>in the second
sentence—</text>
<subparagraph id="HAE3204AC3CF8468B8D56BA0874DA8B1A"><enum>(A)</enum><text>by striking
<quote>$6</quote> and inserting <quote>$20</quote>; and</text>
</subparagraph><subparagraph id="H4ABB54BE2216428AA8F29F705F28AC5C"><enum>(B)</enum><text>by striking
<quote>$3</quote> and inserting <quote>$10</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="HD49C01EC19134D9FA6B9E90C2EE04AF9"><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="H36240A1D3F0647B3902392CB58EDB0D9">
<subsection id="HC98A1290B0D041C589CB5F2744B45CE0"><enum>(d)</enum><header>Indexing of
amount designated</header>
<paragraph id="HB2AC657B2BDE4F558D8746A0A07A1B5B"><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="H047420CFB326493F85442A88DC6A5883"><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="H0477FA5AD74140F299C7E33DCD9F1E84"><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="H63F1E49D76F449CCAEF2A0383DE878BD">
<subsection id="HBF897020073247F889FB5D8A542D837E"><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="H71F90943D14A471DBF5D707E6FFD6E43"><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="H92A47EAB91B048C9A49B4FEB517CE4C6">
<subsection id="H9D650B5413944650806DBAD6DF45F61F"><enum>(f)</enum><header>Public
information program</header>
<paragraph id="HDD5DCC4C2EE94C6DB331663349C40EF0"><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="HA671F7B91A224872901661650D4B33D5"><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, except that the amount made available for this purpose
may not exceed $10,000,000 with respect to any Presidential election cycle. In
this paragraph, a <quote>Presidential election cycle</quote> is the 4-year
period beginning with January of the year following a Presidential
election.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H4AF7DF3F8A6D4548A0397BCCF5938B03"><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="H3C7789EB9A894C599D1EB9780251A45C"><enum>402.</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="HDB3B592941FA41A08829A7B22F16E333"><enum>403.</enum><header>Prohibition on
joint fundraising committees</header>
<subsection id="H4A83F5CD12DF41CBA33B9A89973E0C3C"><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="H16EC027F91B049FCB8F1B34AD3DEC9E8" style="OLC">
<paragraph id="H26FC64DD6ECF40779183B7EA7B1AB239"><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="H8FF079AE37C945E7A83F5DA15B7536E4"><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="HF77ECAA3420E413A8B3A4FF3CD8FD00E"><enum>404.</enum><header>Disclosure of
bundled contributions to presidential campaigns</header>
<subsection id="HB7D7A20EA6704E7D83A0E8E145BFBCED"><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="HEE813123FBFF410C8C19F7B2A09655E3" style="OLC">
<paragraph id="H058CD6317C3C4140878A793E09A6809E"><enum>(1)</enum><header>In
general</header>
<subparagraph id="H18BECD55C80948049ACC3806E161A716"><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="H9C3632950ADA4F9789DD55BC9D603319"><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="H7998CC175E944293888ACC5C948C3492"><enum>(2)</enum><header>Covered
period</header><text>In this subsection, a <term>covered period</term>
means—</text>
<subparagraph id="H4CE58697B5D240BDA7C9E46F4136EA00"><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="H0DE2D8178FB6484AB385D32398C52D87"><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="H5A9C876DCFFB43DD8C557B8168F1FEC6"><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="H1D5D51D3AB444EEC9AD1B3DDEA355333"><enum>(B)</enum><text>with respect to
any other committee—</text>
<clause id="H10937B20E56543B5AF32FDA866027660"><enum>(i)</enum><text>the period
beginning January 1 and ending June 30 of each year;</text>
</clause><clause id="H16047F7E80564D0D856B3D59E15B0A4F"><enum>(ii)</enum><text>the period
beginning July 1 and ending December 31 of each year; and</text>
</clause><clause id="HDAA17D5F467D45B2995715C533938EF0"><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="H0C09E9685660466488AB261F7DB0961F"><enum>(3)</enum><header>Applicable
threshold</header>
<subparagraph id="HDCE7B9C1033F4DE5BE324EF17ED9F5C6"><enum>(A)</enum><header>In
general</header><text>In this subsection, the <term>applicable threshold</term>
is—</text>
<clause id="H87AA29780F0C4076881822E578212875"><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="HE6C0BBD1F3894F1C92EBF9CC72A96D92"><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="H0E2EB035BEC347009B47664B7FF1081C"><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="HA6AC398AD87042209F2DBDEE51C85C37"><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="H580CA92ADC5249248CB1B37ABA548B2E"><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="H53DEBB4177C249439955761689D6B021"><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="H0DA0136E6DE14BB2A1B36EA894616816"><enum>(3)</enum><text>in paragraph
(8)(A)—</text>
<subparagraph id="H10FB42C35573487F9CB870B1ED576436"><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="HC7DF8AED7C6441B3A0140F8DEB003102"><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="H2747B3582FCD4B849853D675B7E6E33E"><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="HCEDEE695B82D42BA802DFD148BFED35D"><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="HDA5648FE6300497884E074EAFE8B88D9"><enum>405.</enum><header>Judicial review
of actions related to campaign finance laws</header>
<subsection id="HC917C462E752433B9198F7A81F5A4200"><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="H75C87733E93B4EE1969CEA42DDF6D6C2" style="OLC">
<section id="H8CFE2F7D14F64A6F9A2735A0857F2A92"><enum>407.</enum><header>Judicial
review</header>
<subsection id="H8E0876A2A5744DFF9384579A7C2EDEB5"><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="H3F39C1F36A0C4EA896478E36B0D848C1"><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="HA4832DA42AA8485EB745EE5BEAA24231"><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="H45FDAB2A15F844CBB1A7C2B4EB02CF3B"><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="HB080F172C35B4F81BD2353F13D6BD5F6"><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="H346ABA02980E43958E5DF3818382376E"><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 intervenors taking similar positions to
file joint papers or to be represented by a single attorney at oral
argument.</text>
</subsection><subsection id="H1A2FCE8AD2EF48BFBF564D928AF08450"><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="H5F5F4E271945449BB15BCBD9337C95EB"><enum>(b)</enum><header>Conforming
amendments</header>
<paragraph id="HE9AEF37C153F44428AE908ED88E6A21C"><enum>(1)</enum><header>In
general</header>
<subparagraph id="HBA2C9FFE6B70451A8A4CECADD0A0258B"><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="HDE5F1242BDBC4A1FB6C8A66B929F3E09"><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="HF8636773C82546E4A5873C74672F5BF6" style="OLC">
<section id="H8B81E29AD20A4203BAF16D556604D769"><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="H20C9E99E07B54584BD9A0B2D4010F460"><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="HF48F4F52696A45B388E95F114CFA861A" style="OLC">
<section commented="no" id="H2CF0942A6F364BD2ADD72244EA6AC8D4"><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="H81C75EC082D7449683D1DD08E480352D"><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="H0302F4A2BD6F4AFB83EE908375EE73A8"><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>V</enum><header>Severability and
effective date</header>
<section commented="no" id="H43CE335148D14228A98B2A777F82B3C3"><enum>501.</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 commented="no" display-inline="no-display-inline" id="H5D420AA82B954A9C845F403AB3A7CDB6" section-type="subsequent-section"><enum>502.</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>