,i #aacth ,,congress #ast ,session ,h4 ,r4 #bgj ,,in ,,the ,,house ,,of ,,representatives ,january #ae1 #bjac ,mr4 ,price of ,north ,carolina 7for himself1 ,mr4 ,van ,hollen1 ,mr4 ,jones1 ,mr4 ,larson of ,connecticut1 ,mr4 ,brady of ,pennsylvania1 ,mr4 ,sarbanes1 ,mr4 ,yarmuth1 ,ms4 ,eshoo1 ,mr4 ,george ,miller of ,california1 ,mr4 ,polis1 ,mr4 ,holt1 ,mr4 ,nolan1 and ,mr4 ,o',rourke7 introduced the following bill2 which was referred to the ,committee on ,house ,administration1 and in addition to the ,committee on ,ways and ,means1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to reform the system of public financing for ,presidential elections1 to establish a system of public financing for ,congressional elections1 to promote the disclosure of disbursements made in coordination with campaigns for election for ,federal office1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,empowering ,citizens ,act4 7b7 ,table of contents ,the table of contents of this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4 ,title ,i--,reform of ,presidential election financing ,subtitle ,a--,primary elections ,sec4 #aja4 ,increase in and modifications to matching payments4 ,sec4 #ajb4 ,eligibility requirements for matching payments4 ,sec4 #ajc4 ,inflation adjustment for matching contributions4 ,sec4 #ajd4 ,repeal of expenditure limitations4 ,sec4 #aje4 ,period of availability of matching payments4 ,sec4 #ajf4 ,examination and audits of matchable contributions4 ,sec4 #ajg4 ,modification to limitation on contributions for ,presidential primary candidates4 ,subtitle ,b--,general elections ,sec4 #aaa4 ,modification of eligibility requirements for public financing4 ,sec4 #aab4 ,repeal of expenditure limitations and use of qualified campaign contributions4 ,sec4 #aac4 ,matching payments and other modifications to payment amounts4 ,sec4 #aad4 ,inflation adjustment for payment amounts4 ,sec4 #aae4 ,increase in limit on coordinated party expenditures4 ,sec4 #aaf4 ,establishment of uniform date for release of payments4 ,sec4 #aag4 ,amounts in ,presidential ,election ,campaign ,fund4 ,sec4 #aah4 ,use of general election payments for general election legal and accounting compliance4 ,subtitle ,c--,political conventions ,sec4 #aba4 ,repeal of public financing of party conventions4 ,sec4 #abb4 ,contributions for political conventions4 ,sec4 #abc4 ,prohibition on use of soft money4 ,title ,,ii--,public financing for congressional election campaigns ,sec4 #bja4 ,benefits and eligibility requirements for ,congressional candidates4 ,title ,v--,public financing of congressional election campaigns ,subtitle ,a--,benefits ,sec4 #eja4 ,benefits for participating candidates4 ,sec4 #ejb4 ,administration of payments4 ,sec4 #ejc4 ,qualified contribution defined4 ,subtitle ,b--,eligibility and certification ,sec4 #eaa4 ,eligibility4 ,sec4 #eab4 ,qualified contribution requirements4 ,sec4 #eac4 ,certification4 ,subtitle ,c--,requirements for ,candidates ,certified as ,participating ,candidates ,sec4 #eba4 ,restrictions on certain contributions and expenditures4 ,sec4 #ebb4 ,remitting unspent funds after election4 ,subtitle ,d--,administrative provisions ,sec4 #eca4 ,administration by ,commission4 ,sec4 #ecb4 ,violations and penalties4 ,sec4 #ecc4 ,election cycle defined4 ,sec4 #bjb4 ,permitting unlimited coordinated expenditures by political party committees on behalf of participating candidates if expenditures are derived from small dollar contributions4 ,sec4 #bjc4 ,prohibiting use of contributions by participating candidates for purposes other than campaign for election4 ,title ,,iii--,coordinated campaign activity ,sec4 #cja4 ,clarification of treatment of coordinated expenditures as contributions to candidates4 ,sec4 #cjb4 ,clarification of ban on fundraising for super ,p,a,cs by ,federal candidates and officeholders4 ,title ,,iv--,use of ,presidential ,election ,campaign ,fund for public financing of ,federal elections ,sec4 #dja4 ,use of ,presidential ,election ,campaign ,fund for ,congressional candidates4 ,sec4 #djb4 ,revisions to designation of income tax payments by individual taxpayers4 ,sec4 #djc4 ,donation to ,presidential ,election ,campaign ,fund4 ,title ,v--,other ,campaign ,finance ,reforms ,sec4 #eja4 ,regulations with respect to best efforts for identifying persons making contributions4 ,sec4 #ejb4 ,prohibition on joint fundraising committees4 ,sec4 #ejc4 ,disclosure of bundled contributions to ,presidential campaigns4 ,sec4 #ejd4 ,judicial review of actions related to campaign finance laws4 ,title ,,vi--,severability2 ,effective ,date ,sec4 #fja4 ,severability4 ,sec4 #fjb4 ,effective date4 ,i ,reform of ,presidential election financing ,a ,primary elections #aja4 ,increase in and modifications to matching payments 7a7 ,increase and modification 7#a7 ,in general ,the first sentence of section #ijcd7;a7 of the ,internal ,revenue ,code of #aihf is amended-- 7,a7 by striking an amount equal to the amount of each contribution and inserting an amount equal to #ejj percent of the amount of each matchable contribution 7disregarding any amount of contributions from any person to the extent that the total of the amounts contributed by such person for the election exceeds #bej72 and 7,b7 by striking authorized committees and all that follows through #bej and inserting authorized committees4 7#b7 ,matchable contributions ,section #ijcd of such ,code is amended-- 7,a7 by striking the last sentence of subsection 7a72 and 7,b7 by inserting after subsection 7b7 the following new subsection3 7c7 ,matchable contribution defined ,for purposes of this section and section #ijcc7;b7-- 7#a7 ,matchable contribution ,the term matchable contribution means1 with respect to the nomination for election to the office of ,president of the ,united ,states1 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-- 7,a7 the individual making such contribution has not made aggregate contributions 7including such matchable contribution7 to such candidate and the authorized committees of such candidate in excess of #ej of the limit applicable under paragraph 7#a77;,a7 or paragraph 7#b77;,a7 of section #cae7;a7 of the ,federal ,election ,campaign ,act of #aiga to the amount of a contribution which may be made to a candidate who is not eligible to receive payments under section #ijcg with respect to such nomination2 7,b7 such candidate and the authorized committees of such candidate will not accept contributions from such individual 7including such matchable contribution7 aggregating more than the amount described in subparagraph 7,a72 and 7,c7 such contribution was not-- 7i7 forwarded from the contributor from any person other than an individual1 or 7ii7 received by the candidate or committee from a contributor or contributors1 but credited by the committee or candidate to another person who is not an individual through records1 designations1 or other means of recognizing that a certain amount of money has been raised by such person4 7#b7 ,contribution ,for purposes of this subsection1 the term contribution means a gift of money made by a written instrument which identifies the individual making the contribution by full name and mailing address1 but does not include a subscription1 loan1 advance1 or deposit of money1 or anything of value or anything described in subparagraph 7,b71 7,c71 or 7,d7 of section #ijcb7d74 4 7#c7 ,conforming amendments 7,a7 ,section #ijcb7d7 of such ,code is amended by striking section #ijcd7;a7 and inserting section #ijcd4 7,b7 ,section #ijcc7;b77#c7 of such ,code is amended by striking matching contributions and inserting matchable contributions4 7b7 ,modification of payment limitation ,section #ijcd7;b7 of such ,code is amended by striking shall not exceed and all that follows and inserting shall not exceed #ajj1jjj1jjj4 #ajb4 ,eligibility requirements for matching payments 7a7 ,amount of aggregate contributions per ,state2 disregarding of amounts contributed in excess of #bej ,section #ijcc7;b77#c7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by striking #e1jjj and inserting #be1jjj2 and 7#b7 by striking #bj ,states and inserting the following3 #bj ,states 7disregarding 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 #bej7 4 7b7 ,contribution limit 7#a7 ,in general ,paragraph 7#d7 of section #ijcc7;b7 of such ,code is amended to read as follows3 7#d7 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 #ej of the limit applicable under paragraph 7#a77;,a7 or paragraph 7#b77;,a7 of section #cae7;a7 of the ,federal ,election ,campaign ,act of #aiga to the amount of a contribution which may be made to a candidate who is not eligible to receive payments under section #ijcg with respect to such nomination4 4 7#b7 ,conforming amendments 7,a7 ,section #ijcc7;b7 of such ,code is amended by adding at the end the following new flush sentence3 ,for purposes of paragraph 7#d71 the term contribution has the meaning given such term in section #cja7h7 of the ,federal ,election ,campaign ,act of #aiga4 4 7,b7 ,section #ijcb7d7 of such ,code1 as amended by section #aja7;a77#c77;,a7 is amended by inserting or #ijcc7;b7 after #ijcd4 7c7 ,ban on acceptance of bundled contributions ,section #ijcc7;b7 of such ,code1 as amended by subsection 7b71 is amended-- 7#a7 by striking and at the end of paragraph 7#c72 7#b7 by striking the period at the end of paragraph 7#d7 and inserting 1 and2 and 7#c7 by adding at the end the following new paragraph3 7#e7 the candidate and the authorized committee of the candidate will not accept any bundled contribution 7as defined in section #cjd7;i77#h77 forwarded by or credited to a person described in section #cjd7;i77#g74 4 7d7 ,participation in system for payments for general election ,section #ijcc7;b7 of such ,code1 as amended by subsection 7c71 is amended-- 7#a7 by striking and at the end of paragraph 7#d72 7#b7 by striking the period at the end of paragraph 7#e7 and inserting 1 and2 and 7#c7 by adding at the end the following new paragraph3 7#f7 if the candidate is nominated by a political party for election to the office of ,president1 the candidate will apply for and accept payments with respect to the general election for such office in accordance with chapter #ie4 4 #ajc4 ,inflation adjustment for matching contributions ,section #ijcc of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7d7 ,inflation adjustments 7#a7 ,in general ,in the case of any applicable period beginning after #bjac1 each of the dollar amounts in section #ijcd7;b7 shall be increased by an amount equal to-- 7,a7 such dollar amount1 multiplied by 7,b7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year following the year which such applicable period begins1 determined by substituting calendar year #bjac for calendar year #aiib in subparagraph 7,b7 thereof4 7#b7 ,applicable period ,for purposes of this subsection1 the term applicable period means the #d-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 election4 7#c7 ,rounding ,if any amount as adjusted under paragraph 7#a7 is not a multiple of #ajj1 such amount shall be rounded to the nearest multiple of #ajj4 4 #ajd4 ,repeal of expenditure limitations 7a7 ,in general ,subsection 7a7 of section #ijce of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7a7 ,personal expenditure limitation ,no candidate shall knowingly make expenditures from his personal funds1 or the personal funds of his immediate family1 in connection with his campaign for nomination for election to the office of ,president in excess of1 in the aggregate1 #ej1jjj4 4 7b7 ,conforming amendment ,paragraph 7#a7 of section #ijcc7;b7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7#a7 the candidate will comply with the personal expenditure limitation under section #ijce1 4 #aje4 ,period of availability of matching payments ,section #ijcb7f7 of the ,internal ,revenue ,code of #aihf is amended by striking the beginning of the calendar year in which a general election for the office of ,president of the ,united ,states will be held and inserting the date that is #f months prior to the date of the earliest ,state primary election4 #ajf4 ,examination and audits of matchable contributions ,section #ijch7;a7 of the ,internal ,revenue ,code of #aihf is amended by inserting and matchable contributions accepted by after qualified campaign expenses of4 #ajg4 ,modification to limitation on contributions for ,presidential primary candidates ,section #cae7;a77#f7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dda;a7a77#f77 is amended by striking calendar year and inserting four-year election cycle4 ,b ,general elections #aaa4 ,modification of eligibility requirements for public financing ,subsection 7a7 of section #ijjc of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7a7 ,in general ,in order to be eligible to receive any payments under section #ijjf1 the candidates of a political party in a presidential election shall meet the following requirements3 7#a7 ,participation in primary payment system ,the candidate for ,president received payments under chapter #if for the campaign for nomination for election to be ,president4 7#b7 ,agreements with ,commission ,the candidates1 in writing-- 7,a7 agree to obtain and furnish to the ,commission such evidence as it may request of the qualified campaign expenses of such candidates1 7,b7 agree to keep and furnish to the ,commission such records1 books1 and other information as it may request1 and 7,c7 agree to an audit and examination by the ,commission under section #ijjg and to pay any amounts required to be paid under such section4 7#c7 ,ban on certain contributions and solicitations ,the candidates certify to the ,commission1 under penalty of perjury1 the following3 7,a7 ,bundled contributions ,such candidates and the authorized committees of such candidates will not accept any bundled contribution 7as defined in section #cjd7;i77#h77 forwarded by or credited to a person described in section #cjd7;i77#g74 7,b7 ,solicitations for joint fundraising committees ,such candidates and their authorized committees will not1 after ,june #a of the election year1 solicit any funds for any joint fundraising committee that includes any committee of a political party4 7,c7 ,solicitation for political parties ,such candidates and their authorized committees will not1 after ,june #a of the year in which the election is held1 solicit any funds for any committee of a political party4 ,such certification shall be made within such time prior to the day of the presidential election as the ,commission shall prescribe by rules or regulations4 4 #aab4 ,repeal of expenditure limitations and use of qualified campaign contributions 7a7 ,use of qualified campaign contributions without expenditure limits2 application of same requirements for major1 minor1 and new parties ,section #ijjc of the ,internal ,revenue ,code of #aihf is amended by striking subsections 7b7 and 7c7 and inserting the following3 7b7 ,use of qualified campaign contributions ,to defray expenses 7#a7 ,in general ,in order to be eligible to receive any payments under section #ijjf1 the candidates of a party in a presidential election shall certify to the ,commission1 under penalty of perjury1 that-- 7,a7 such candidates and their authorized committees have not and will not accept any contributions to defray qualified campaign expenses other than-- 7i7 qualified campaign contributions1 and 7ii7 contributions to the extent necessary to make up any deficiency payments received out of the fund on account of the application of section #ijjf7;c71 and 7,b7 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 7,c7 of section #ijjb7aa74 7#b7 ,timing of certification ,the candidate shall make the certification required under this subsection at the same time the candidate makes the certification required under subsection 7a77#c74 4 7b7 ,definition of qualified campaign contribution ,section #ijjb of such ,code is amended by adding at the end the following new paragraph3 7#ac7 ,qualified campaign contribution ,the term qualified campaign contribution means1 with respect to any election for the office of ,president of the ,united ,states1 a contribution from an individual to a candidate or an authorized committee of a candidate which-- 7,a7 is made after ,june #a of the year in which the election is held2 7,b7 does not exceed #ej of the limit applicable under paragraph 7#a77;,a7 or paragraph 7#b77;,a7 of section #cae7;a7 of the ,federal ,election ,campaign ,act of #aiga to the amount of a contribution which may be made to a candidate who is not eligible to receive payments under section #ijjf with respect to such election2 and 7,c7 with respect to which the candidate has certified in writing that-- 7i7 the individual making such contribution has not made aggregate contributions 7including such qualified contribution7 to such candidate and the authorized committees of such candidate in excess of the amount described in subparagraph 7,b71 and 7ii7 such candidate and the authorized committees of such candidate will not accept contributions from such individual 7including such qualified contribution7 aggregating more than the amount described in subparagraph 7,b7 with respect to such election4 4 7c7 ,conforming amendments 7#a7 ,repeal of expenditure limits 7,a7 ,in general ,section #cae of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dda;a7 is amended by striking subsection 7b74 7,b7 ,conforming amendments ,section #cae7;c7 of such ,act 7#b ,u4,s4,c4 #dda;a7c77 is amended-- 7i7 in paragraph 7#a77;,b77i71 by striking 1 7b72 and 7ii7 in paragraph 7#b77;,b77i71 by striking subsections 7b7 and 7d7 and inserting subsection 7d74 7#b7 ,repeal of repayment requirement 7,a7 ,in general ,section #ijjg7;b7 of such ,code is amended by striking paragraph 7#b7 and redesignating paragraphs 7#c71 7#d71 and 7#e7 as paragraphs 7#b71 7#c71 and 7#d71 respectively4 7,b7 ,conforming amendment ,paragraph 7#b7 of section #ijjg7;b7 of such ,code1 as redesignated by subparagraph 7,a71 is amended-- 7i7 by striking a major party and inserting a party2 7ii7 by inserting qualified contributions and after contributions 7other than2 and 7iii7 by striking 7other than qualified campaign expenses with respect to which payment is required under paragraph 7#b774 7#c7 ,criminal penalties 7,a7 ,repeal of penalty for excess expenses ,section #ijab of the ,internal ,revenue ,code of #aihf is amended by striking subsection 7a74 7,b7 ,penalty for acceptance of disallowed contributions2 application of same penalty for candidates of major1 minor1 and new parties ,subsection 7b7 of section #ijab of such ,code is amended to read as follows3 7b7 ,contributions 7#a7 ,acceptance of disallowed contributions ,it shall be unlawful for an eligible candidate of a party in a presidential election or any of his authorized committees knowingly and willfully to accept any contribution to defray qualified campaign expenses1 except to the extent necessary to make up any deficiency in payments received out of the fund on account of the application of section #ijjf7;c71 or to defray expenses which would be qualified campaign expenses but for subparagraph 7,c7 of section #ijjb7aa74 7#b7 ,penalty ,any person who violates paragraph 7#a7 shall be fined not more than #e1jjj1 or imprisoned not more than one year1 or both4 ,in the case of a violation by an authorized committee1 any officer or member of such committee who knowingly and willfully consents to such violation shall be fined not more than #e1jjj1 or imprisoned not more than one year1 or both4 4 #aac4 ,matching payments and other modifications to payment amounts 7a7 ,in general 7#a7 ,amount of payments2 application of same amount for candidates of major1 minor1 and new parties ,subsection 7a7 of section #ijjd of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7a7 ,in general ,subject to the provisions of this chapter1 the eligible candidates of a party in a presidential election shall be entitled to equal payment under section #ijjf in an amount equal to #ejj percent of the amount of each matchable contribution received by such candidate on or after ,june #a of the year of the presidential election1 or by his authorized committees 7disregarding any amount of contributions from any person to the extent that the total of the amounts contributed by such person for the election exceeds #bej71 except that total amount to which a candidate is entitled under this paragraph shall not exceed #aej1jjj1jjj4 4 7#b7 ,repeal of separate limitations for candidates of minor and new parties ,section #ijjd of such ,code is amended by striking subsection 7b74 7#c7 ,conforming amendment ,section #ijje7;a7 of such ,code is amended by adding at the end the following new sentence3 ,the ,commission shall make such additional certifications as may be necessary to receive payments under section #ijjd44 7b7 ,matchable contribution ,section #ijjb of such ,code1 as amended by section #aab1 is amended by adding at the end the following new paragraph3 7#ad7 ,matchable contribution ,the term matchable contribution means1 with respect to the election to the office of ,president of the ,united ,states1 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-- 7,a7 the individual making such contribution has not made aggregate contributions 7including such matchable contribution7 to such candidate and the authorized committees of such candidate in excess of #ej of the limit applicable under paragraph 7#a77;,a7 or paragraph 7#b77;,a7 of section #cae7;a7 of the ,federal ,election ,campaign ,act of #aiga to the amount of a contribution which may be made to a candidate who is not eligible to receive payments under section #ijjf with respect to such election2 7,b7 such candidate and the authorized committees of such candidate will not accept contributions from such individual 7including such matchable contribution7 aggregating more than the amount described in subparagraph 7,a7 with respect to such election2 and 7,c7 such contribution was not-- 7i7 forwarded from the contributor from any person other than an individual1 or 7ii7 received by the candidate or committee from a contributor or contributors1 but credited by the committee or candidate to another person who is not an individual through records1 designations1 or other means of recognizing that a certain amount of money has been raised by such person4 4 #aad4 ,inflation adjustment for payment amounts ,section #ijjd of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7f7 ,inflation adjustments 7#a7 ,in general ,in the case of any applicable period beginning after #bjag1 each of the dollar amounts in subsection 7a77#a7 shall be increased by an amount equal to-- 7,a7 such dollar amount2 multiplied by 7,b7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year following the year which such applicable period begins1 determined by substituting calendar year #bjaf for calendar year #aiib in subparagraph 7,b7 thereof4 7#b7 ,applicable period ,for purposes of this subsection1 the term applicable period means the #d-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 election4 7#c7 ,rounding ,if any amount as adjusted under paragraph 7#a7 is not a multiple of #ajj1 such amount shall be rounded to the nearest multiple of #ajj4 4 #aae4 ,increase in limit on coordinated party expenditures 7a7 ,in general ,section #cae7;d77#b7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dda;a7d77#b77 is amended to read as follows3 7#b7 7,a7 ,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 #ej1jjj1jjj4 7,b7 ,for purposes of this paragraph-- 7i7 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 party2 and 7ii7 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 election4 7,c7 ,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 ,states4 4 7b7 ,conforming amendments relating to timing of cost-of-,living adjustment 7#a7 ,in general ,section #cae7;c77#a7 of such ,act 7#b ,u4,s4,c4 #dda;a7c77#a771 as amended by section #aab7;d77#a77;,b71 is amended-- 7,a7 in subparagraph 7,b71 by striking 7d7 and inserting 7d77#c72 and 7,b7 by inserting at the end the following new subparagraph3 7,d7 ,in any calendar year after #bjag-- 7i7 the dollar amount in subsection 7d77#b7 shall be increased by the percent difference determined under subparagraph 7,a72 7ii7 the amount so increased shall remain in effect for the calendar year2 and 7iii7 if the amount after adjustment under clause 7i7 is not a multiple of #ajj1 such amount shall be rounded to the nearest multiple of #ajj4 4 7#b7 ,base year ,section #cae7;c77#b77;,b7 of such ,act 7#b ,u4,s4,c4 #dda;a7c77#b77;,b771 as amended by section #aab7;d77#a77;,b71 is amended-- 7,a7 in clause 7i7-- 7i7 by striking 7d7 and inserting 7d77#c72 and 7ii7 by striking and at the end2 7,b7 in clause 7ii71 by striking the period at the end and inserting 2 and2 and 7,c7 by adding at the end the following new clause3 7iii7 for purposes of subsection 7d77#b71 calendar year #bjaf4 4 #aaf4 ,establishment of uniform date for release of payments 7a7 ,date for payments 7#a7 ,in general ,section #ijjf7;b7 of the ,internal ,revenue ,code of #aihf is amended to read as follows3 7b7 ,payments from the ,fund ,if the ,secretary of the ,treasury receives a certification from the ,commission under section #ijje for payment to the eligible candidates of a political party1 the ,secretary shall pay to such candidates out of the fund the amount certified by the ,commission on the later of-- 7#a7 the last ,friday occurring before the first ,monday in ,september2 or 7#b7 #bd hours after receiving the certifications for the eligible candidates of all major political parties4 ,amounts paid to any such candidates shall be under the control of such candidates4 4 7#b7 ,conforming ,amendment ,the first sentence of section #ijjf7;c7 of such ,code is amended by striking the time of a certification by the ,commission under section #ijje for payment and inserting the time of making a payment under subsection 7b74 7b7 ,time for certification ,section #ijje7;a7 of the ,internal ,revenue ,code of #aihf is amended by striking #aj days and inserting #bd hours4 #aag4 ,amounts in ,presidential ,election ,campaign ,fund 7a7 ,determination of amounts in fund ,section #ijjf7;c7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new sentence3 ,in making a determination of whether there are insufficient moneys in the fund for purposes of the previous sentence1 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 year1 except that the amount of the estimate may not exceed the average of the annual amounts deposited in the fund during the previous #c years44 7b7 ,special rule for first campaign cycle under this ,act 7#a7 ,in general ,section #ijjf of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7d7 ,special authority ,to borrow 7#a7 ,in general ,notwithstanding subsection 7c71 there are authorized to be appropriated to the fund1 as repayable advances1 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 subsection4 7#b7 ,repayment of advances 7,a7 ,in general ,advances made to the fund shall be repaid1 and interest on such advances shall be paid1 to the general fund of the ,treasury when the ,secretary determines that moneys are available for such purposes in the fund4 7,b7 ,rate of interest ,interest on advances made to the fund shall be at a rate determined by the ,secretary of the ,treasury 7as of the close of the calendar month preceding the month in which the advance is made7 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 annually4 4 7#b7 ,effective date ,the amendment made by this subsection shall take effect ,january #a1 #bjad4 #aah4 ,use of general election payments for general election legal and accounting compliance ,section #ijjb7aa7 of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new sentence3 ,for purposes of subparagraph 7,a71 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 candidate44 ,c ,political conventions #aba4 ,repeal of public financing of party conventions 7a7 ,repeal 7#a7 ,in general ,chapter #ie of the ,internal ,revenue ,code of #aihf is amended by striking section #ijjh4 7#b7 ,clerical amendment ,the table of sections of chapter #ie of such ,code is amended by striking the item relating to section #ijjh4 7b7 ,conforming amendments 7#a7 ,availability of payments to candidates ,section #ijjf7;c7 of such ,code is amended by striking section #ijjh7;b77#c74 7#b7 ,reports by ,federal ,election ,commission ,section #ijji of such ,code is amended-- 7,a7 by adding and at the end of paragraph 7#b72 7,b7 by striking the semicolon at the end of paragraph 7#c7 and inserting a period2 and 7,c7 by striking paragraphs 7#d71 7#e71 and 7#f74 7#c7 ,penalties ,section #ijab of such ,code1 as amended by section #aab7;d77#d71 is amended-- 7,a7 by striking subsection 7a7 and redesignating subsections 7b7 through 7g7 as subsections 7a7 through 7f71 respectively2 7,b7 in subsection 7b71 as redesignated by subparagraph 7,a71 by striking paragraph 7#b7 and redesignating paragraph 7#c7 as paragraph 7#b72 7,c7 in subsection 7d77#a71 as redesignated by subparagraph 7,a71 by striking the second sentence2 and 7,d7 in subsection 7d77#c71 as redesignated by subparagraph 7,a71 by striking 1 or in connection with any expense incurred by the national committee of a major party or minor party with respect to a presidential nominating convention4 7#d7 ,availability of payments from ,presidential ,primary ,matching ,account ,the second sentence of section #ijcg7;a7 of such ,code is amended by striking and for payments under section #ijjh7;b77#c74 #abb4 ,contributions for political conventions 7a7 ,separate contribution limitation 7#a7 ,individuals 7,a7 ,in general ,section #cae7;a77#a7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dda;a7a77#a77 is amended-- 7i7 by striking or at the end of subparagraph 7,c72 7ii7 by striking the period at the end of subparagraph 7,d7 and inserting 2 or2 and 7iii7 by adding at the end the following new subparagraph3 7,e7 to the national nominating convention account of political committees established and maintained by a national political party1 in any #d-year period ending on the last day of the calendar year beginning on the day after a general election for the office of ,president which1 in the aggregate1 exceed the dollar amount in effect under subparagraph 7,b72 4 7,b7 ,conforming amendment ,section #cae7;a77#a77;,b7 of such ,act 7#b ,u4,s4,c4 #dda;a7a77#a77;,b77 is amended by inserting 7other than to the national nominating convention accounts of such political committees which are described in subparagraph 7,e77 after national political party4 7#b7 ,aggregate contribution limitation ,section #cae7;a77#c7 of such ,act 7#b ,u4,s4,c4 #dda;a7a77#c77 is amended by adding at the end the following new flush sentence3 ,the dollar amount in subparagraph 7,b7 shall be increased by the amount of contributions 7not in excess of the dollar amount in effect under subparagraph 7,e77 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 sentence4 4 7b7 ,national nominating convention account ,section #cae7;a7 of such ,act 7#b ,u4,s4,c4 #dda;a7a77 is amended by adding at the end the following new paragraph3 7#i7 ,for purposes of this subsection1 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 party4 4 #abc4 ,prohibition on use of soft money ,section #cbc of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dda;i7 is amended by adding at the end the following new subsection3 7g7 ,national conventions ,any person described in subsection 7a7 or 7e7 shall not solicit1 receive1 direct1 transfer1 or spend any funds in connection with a presidential nominating convention of any political party1 including funds from or for a host committee1 civic committee1 municipality1 or any other person or entity spending funds in connection with such a convention1 unless such funds-- 7#a7 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 #cae2 and 7#b7 are not from sources prohibited by this ,act from making contributions in connection with an election for ,federal office4 4 ,,ii ,public financing for congressional election campaigns #bja4 ,benefits and eligibility requirements for ,congressional candidates ,the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dca et seq47 is amended by adding at the end the following3 ,v ,public financing of congressional election campaigns ,a ,benefits #eja4 ,benefits for participating candidates 7a7 ,in general ,if a candidate for election to the office of ,senator or ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress is a participating candidate under this title with respect to an election for such office1 the candidate shall be entitled to payments under this title1 to be used only for authorized expenditures in connection with the election4 7b7 ,amount of payment 7#a7 ,match of qualified contributions ,subject to paragraph 7#b71 the amount of a payment made to a participating candidate under this title shall be equal to #ejj 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 election1 as set forth-- 7,a7 in the case of the first payment made to the candidate with respect to the election1 in the report filed under section #eaa7;a77#b72 and 7,b7 in the case of any subsequent payment made to the candidate with respect to the election1 in the report of qualified contributions filed under subsection 7c74 7#b7 ,limitation ,in determining the amount of qualified contributions received by a candidate for purposes of making a payment under this section1 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 #bej4 7c7 ,reports 7#a7 ,in general ,each participating candidate shall file reports of receipts of qualified contributions at such times and in such manner as the ,commission may by regulations prescribe4 7#b7 ,contents of reports ,each report under this subsection shall disclose each qualified contribution received by the candidate since the most recent report filed under this section1 and shall state the aggregate amount of all such qualified contributions received since the most recent report filed under this section4 7#c7 ,frequency of reports ,reports under this subsection shall be made no more frequently than-- 7,a7 once every month until the date that is #ij days before the date of the election2 7,b7 once every week after the period described in subparagraph 7,a7 and until the date that is #ba days before the election2 and 7,c7 once every day after the period described in subparagraph 7,b74 7#d7 ,limitation on regulations ,the ,commission may not prescribe any regulations with respect to reporting under this subsection with respect to any election after the date that is #ahj days before the date of such election4 7d7 ,limit on aggregate amount of payments ,the aggregate amount of payments that may be made under this title to a participating candidate during an election cycle may not exceed-- 7#a7 #b1jjj1jjj1 in the case of a candidate for the office of ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress2 or 7#b7 #aj1jjj1jjj1 in the case of a candidate for the office of ,senator4 #ejb4 ,administration of payments 7a7 ,timing ,the ,commission shall make payments under this title to a participating candidate-- 7#a7 in the case of the first payment made to the candidate with respect to the election1 not later than #dh hours after the date on which such candidate is certified as a participating candidate under section #eac2 and 7#b7 in the case of any subsequent payment made to the candidate with respect to the election1 not later than #e business days after the receipt of a report made under section #eja7;c74 7b7 ,method of payment ,the ,commission shall distribute funds available to participating candidates under this title through the use of an electronic funds exchange or a debit card4 7c7 ,appeals ,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 #e business days of such denial4 #ejc4 ,qualified contribution defined ,in this title1 the term qualified contribution means1 with respect to a candidate1 a contribution that meets each of the following requirements3 7#a7 ,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 #eba7;a74 7#b7 ,the contribution is made by an individual who is not otherwise prohibited from making a contribution under this ,act4 7#c7 ,the contribution is not-- 7,a7 forwarded from the contributor by any person other than an individual2 or 7,b7 received by the candidate or an authorized committee of the candidate from a contributor or contributors1 but credited by the committee or candidate to another person who is not an individual through records1 designations1 or other means of recognizing that a certain amount of money has been raised by such person4 7#d7 ,the contribution meets the requirements of section #eab7;b74 ,b ,eligibility and certification #eaa4 ,eligibility 7a7 ,in general ,a candidate for the office of ,senator or ,representative in1 or ,delegate or ,resident ,commissioner to1 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 requirements3 7#a7 ,during the election cycle for the office involved1 the candidate files with the ,commission a statement of intent to seek certification as a participating candidate4 7#b7 ,the candidate meets the qualified contribution requirements of section #eab 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 received4 7#c7 ,not later than the last day of the qualifying period1 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-- 7,a7 has complied and1 if certified1 will comply with the contribution and expenditure requirements of section #eba2 7,b7 if certified1 will run only as a participating candidate for all elections for the office that such candidate is seeking during the election cycle2 and 7,c7 has either qualified or will take steps to qualify under ,state law to be on the ballot4 7b7 ,general election ,notwithstanding subsection 7a71 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 law4 7c7 ,qualifying period defined ,the term qualifying period means1 with respect to any candidate for the office of ,senator or ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress1 the #abj-;day period 7during the election cycle for such office7 which begins on the date on which the candidate files a statement of intent under section #eaa7;a77#a71 except that such period may not continue after the date that is #fj days before-- 7#a7 the date of the primary election2 or 7#b7 in the case of a ,state that does not hold a primary election1 the date prescribed by ,state law as the last day to qualify for a position on the general election ballot4 #eab4 ,qualified contribution requirements 7a7 ,receipt of qualified contributions 7#a7 ,in general ,a candidate meets the requirements of this section if1 during the qualifying period described in section #eaa7;c71 the candidate obtains-- 7,a7 a single qualified contribution from a number of individuals equal to or greater than-- 7i7 in the case of a candidate for election the office of ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress1 #djj1 or 7ii7 in the case of a candidate for the office of ,senator1 the product of #djj and the number of ,congressional districts in the ,state involved as of the date of the election2 and 7,b7 a total dollar amount of qualified contributions equal to or greater than-- 7i7 in the case of a candidate for election the office of ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress1 #dj1jjj1 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 #bej1 or 7ii7 in the case of a candidate for the office of ,senator1 the product of #dj1jjj and the number of ,congressional districts in the ,state involved as of the date of the election1 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 #bej4 7#b7 ,exclusion of contributions from out-of-,state residents ,in determining the number of qualified contributions obtained by a candidate under paragraph 7#a77;,a7 and the dollar amount of qualified contributions obtained by a candidate under paragraph 7#a77;,b71 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 election4 7b7 ,requirements relating to receipt of qualified contribution ,each qualified contribution-- 7#a7 may be made by means of a personal check1 money order1 debit card1 credit card1 or electronic payment account2 7#b7 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 located2 and 7#c7 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 election4 7c7 ,prohibiting payment on commission basis of individuals collecting qualified contributions ,no person may be paid a commission on a per qualified contribution basis for collecting qualified contributions4 #eac4 ,certification 7a7 ,deadline and ,notification 7#a7 ,in general ,not later than #aj days after a candidate files an affidavit under section #eaa7;a77#c71 the ,commission shall-- 7,a7 determine whether or not the candidate meets the requirements for certification as a participating candidate2 7,b7 if the ,commission determines that the candidate meets such requirements1 certify the candidate as a participating candidate2 and 7,c7 notify the candidate of the ,commission's determination4 7#b7 ,deemed certification for all elections in election cycle ,if the ,commission certifies a candidate as a participating candidate with respect to the first election of the election cycle involved1 the ,commissioner shall be deemed to have certified the candidate as a participating candidate with respect to all subsequent elections of the election cycle4 7b7 ,revocation of certification 7#a7 ,in general ,the ,commission may revoke a certification under subsection 7a7 if-- 7,a7 a candidate fails to qualify to appear on the ballot at any time after the date of certification 7other 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 cycle72 or 7,b7 a candidate otherwise fails to comply with the requirements of this title1 including any regulatory requirements prescribed by the ,commission4 7#b7 ,repayment of benefits ,if certification is revoked under paragraph 7#a71 the candidate shall repay to the ,empowering ,citizens ,payment ,account of the ,presidential ,election ,campaign ,fund 7established under section #ijea of the ,internal ,revenue ,code of #aihf7 an amount equal to the value of benefits received under this title with respect to the election cycle involved plus interest 7at a rate determined by the ,commission7 on any such amount received4 7c7 ,participating ,candidate defined ,in this title1 a participating candidate means a candidate for the office of ,senator or ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress who is certified under this section as eligible to receive benefits under this title4 ,c ,requirements for ,candidates ,certified as ,participating ,candidates #eba4 ,restrictions on certain contributions and expenditures 7a7 #ej percent reduction in otherwise applicable contribution limits ,in the case of a candidate who is certified as a participating candidate under this title with respect to an election1 the limit applicable under paragraph 7#a77;,a7 or paragraph 7#b77;,a7 of section #cae7;a7 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 #ej 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 title4 7b7 ,prohibiting acceptance of contributions bundled by registered lobbyists ,a candidate who is certified as a participating candidate under this title with respect to an election1 and any authorized committee of such a candidate1 may not accept any contribution with respect to the election which is a bundled contribution 7as defined in section #cjd7;i77#h77 forwarded by or credited to a person described in section #cjd7;i77#g74 7c7 ,limit on expenditures from personal funds ,a candidate who is certified as a participating candidate under this title may not make expenditures from personal funds 7as defined in section #cjd7;a77#f77;,b77 in an aggregate amount exceeding #ej1jjj with respect to any election in the election cycle involved4 7d7 ,prohibiting solicitation of funds for political party committees ,a candidate who is certified as a participating candidate under this title may not solicit funds for any political committee of a political party1 except that the candidate may solicit funds for a separate account of the committee which is established under section #cae7;d77#e74 #ebb4 ,remitting unspent funds after election 7a7 ,in general ,not later than the date that is #fj days after the last election for which a candidate certified as a participating candidate qualifies to be on the ballot during the election cycle involved1 such participating candidate shall remit to the ,commission for deposit in the ,empowering ,citizens ,payment ,account of the ,presidential ,election ,campaign ,fund 7established under section #ijea of the ,internal ,revenue ,code of #aihf7 an amount equal to the lesser of-- 7#a7 the amount of money in the candidate's campaign account2 or 7#b7 the amount of the payments received by the candidate under this title4 7b7 ,exception for expenditures incurred but not paid as of date of remittance 7#a7 ,in general ,subject to subsection 7a71 a candidate may withhold from the amount required to be remitted under paragraph 7#a7 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 subsection1 except that any amount withheld pursuant to this paragraph shall be remitted to the ,commission not later than #abj days after the date of the election to which such subsection applies4 7#b7 ,documentation required ,a candidate may withhold an amount of an expenditure pursuant to paragraph 7#a7 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 7a74 ,d ,administrative provisions #eca4 ,administration by ,commission ,the ,commission shall prescribe regulations to carry out the purposes of this title1 including regulations to establish procedures for-- 7#a7 verifying the amount of qualified contributions with respect to a candidate2 7#b7 effectively and efficiently monitoring and enforcing the limits on the raising of qualified contributions2 7#c7 effectively and efficiently monitoring and enforcing the limits on the use of personal funds by participating candidates2 and 7#d7 monitoring the use of payments under this title through audits of not fewer than #a_/c of all participating candidates or other mechanisms4 #ecb4 ,violations and penalties 7a7 ,civil penalty for violation of contribution and expenditure requirements ,if a candidate who has been certified as a participating candidate accepts a contribution or makes an expenditure that is prohibited under section #eba1 the ,commission shall assess a civil penalty against the candidate in an amount that is not more than #c times the amount of the contribution or expenditure4 ,any amounts collected under this subsection shall be deposited into the ,empowering ,citizens ,payment ,account of the ,presidential ,election ,campaign ,fund 7established under section #ijea of the ,internal ,revenue ,code of #aihf74 7b7 ,repayment for improper use of ,empowering ,citizens ,payment ,account 7#a7 ,in general ,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 title1 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-- 7,a7 the amount of benefits so used or not remitted1 as appropriate2 and 7,b7 interest on any such amounts 7at a rate determined by the ,commission74 7#b7 ,other action not precluded ,any action by the ,commission in accordance with this subsection shall not preclude enforcement proceedings by the ,commission in accordance with section #cji7;a71 including a referral by the ,commission to the ,attorney ,general in the case of an apparent knowing and willful violation of this title4 #ecc4 ,election cycle defined ,in this title1 the term election cycle means1 with respect to an election for the office of ,senator or ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress1 the period beginning on the day after the date of the most recent general election for that office 7or1 if the general election resulted in a runoff election1 the date of the runoff election7 and ending on the date of the next general election for that office 7or1 if the general election resulted in a runoff election1 the date of the runoff election74 4 #bjb4 ,permitting unlimited coordinated expenditures by political party committees on behalf of participating candidates if expenditures are derived from small dollar contributions ,section #cae7;d7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dda;a7d77 is amended by adding at the end the following new paragraph3 7#e7 ,in determining the amount of expenditures made by a committee under paragraph 7#c7 in connection with the campaign of a candidate who is certified as a participating candidate under title ,v1 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 #ej of the amount applicable under subsection 7a77#a77;,a7 to a contribution made during the cycle to a candidate who is not certified as a participating candidate under title ,v4 4 #bjc4 ,prohibiting use of contributions by participating candidates for purposes other than campaign for election ,section #cac of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dci;a7 is amended by adding at the end the following new subsection3 7d7 ,restrictions on ,permitted ,uses of ,funds by ,candidates ,receiving ,matching ,public ,funds ,notwithstanding paragraphs 7#b71 7#c71 or 7#d7 of subsection 7a71 if a candidate for election for the office of ,senator or ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress is certified as a participating candidate under title ,v with respect to the election1 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 office4 4 ,,iii ,coordinated campaign activity #cja4 ,clarification of treatment of coordinated expenditures as contributions to candidates 7a7 ,treatment as contribution to candidate ,section #cja7h77;,a7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dca7h77;,a77 is amended-- 7#a7 by striking or at the end of clause 7i72 7#b7 by striking the period at the end of clause 7ii7 and inserting 2 or2 and 7#c7 by adding at the end the following new clause3 7iii7 any payment made by any person 7other than a candidate1 an authorized committee of a candidate1 or a political committee of a political party7 for a coordinated expenditure 7as such term is defined in section #cbd7 which is not otherwise treated as a contribution under clause 7i7 or clause 7ii74 4 7b7 ,definitions ,section #cbd of such ,act 7#b ,u4,s4,c4 #ddak7 is amended to read as follows3 #cbd4 ,payments for coordinated expenditures 7a7 ,coordinated expenditures 7#a7 ,in general ,for purposes of section #cja7h77;,a77iii71 the term coordinated expenditure means-- 7,a7 any expenditure1 including a payment for a covered communication described in subsection 7c71 which is made in cooperation1 consultation1 or concert with1 or at the request or suggestion of1 a candidate1 an authorized committee of a candidate1 a political committee of a political party1 or agents of the candidate or committee1 as provided in subsection 7b72 or 7,b7 any payment for any communication which republishes1 disseminates1 or distributes1 in whole or in part1 any broadcast or any written1 graphic1 or other form of campaign material prepared by the candidate or committee or by agents of the candidate or committee4 7#b7 ,exception for payments for certain communications ,a payment for a communication 7including a covered communication described in subsection 7c77 shall not be treated as a coordinated expenditure under this subsection if-- 7,a7 the communication appears in a news story1 commentary1 or editorial distributed through the facilities of any broadcasting station1 newspaper1 magazine1 or other periodical publication1 unless such facilities are owned or controlled by any political party1 political committee1 or candidate2 or 7,b7 the communication constitutes a candidate debate or forum conducted pursuant to regulations adopted by the ,commission pursuant to section #cjd7;f77#c77;,b77iii71 or which solely promotes such a debate or forum and is made by or on behalf of the person sponsoring the debate or forum4 7b7 ,coordination described 7#a7 ,in general ,for purposes of this section1 a payment is made in cooperation1 consultation1 or concert with1 or at the request or suggestion of1 a candidate1 an authorized committee of a candidate1 a political committee of a political party1 or agents of the candidate or committee1 if the payment is not made entirely independently of the candidate1 committee1 or agents1 including a payment which is made pursuant to any general or particular understanding1 or more than incidental communication with1 the candidate1 committee1 or agents about the payment4 7#b7 ,no finding of coordination based solely on sharing of information regarding legislative or policy position ,for purposes of this section1 a payment shall not be considered to be made by a person in cooperation1 consultation1 or concert with1 or at the request or suggestion of1 a candidate or committee1 solely on the grounds that the person or the person's agent engaged in discussions with the candidate or committee1 or with agents of the candidate or committee1 regarding that person's position on a legislative or policy matter 7including urging the candidate or committee to adopt that person's position71 so long as there is no discussion between the person and the candidate or committee1 or agents of the candidate or committee1 regarding the candidate's or committee's campaign advertising1 message1 strategy1 policy1 polling1 allocation of resources1 fundraising1 or campaign operations4 7#c7 ,no effect on party coordination standard ,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 #cae7;d74 7#d7 ,no safe harbor for use of firewall ,a person shall be determined to have made a payment in cooperation1 consultation1 or concert with1 or at the request or suggestion of1 a candidate or committee1 in accordance with this section without regard to whether or not the person established and used a firewall or similar procedures to restrict the sharing of information between individuals providing services for or on behalf of the person and the candidate or committee or agents of the candidate or committee4 7c7 ,special rule for payments by coordinated spenders for covered communications 7#a7 ,payments deemed to be made in cooperation1 consultation1 or concert with1 candidates ,for purposes of this section1 if the person who makes a payment for a covered communication is a coordinated spender with respect to the candidate involved1 the person shall be deemed to have made the payment in cooperation1 consultation1 or concert with the candidate4 7#b7 ,coordinated spender defined ,for purposes of this subsection1 the term coordinated spender means1 with respect to a candidate or an authorized committee of a candidate1 a person 7other than a political committee of a political party7 for which any of the following applies3 7,a7 ,the person is directly or indirectly formed or established by or at the request or suggestion of1 or with the encouragement of1 the candidate or committee or agents of the candidate or committee1 including with the express or tacit approval of the candidate or committee or agents of the candidate or committee4 7,b7 ,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 involved1 including by providing the person with names of potential donors or other lists to be used by the person in engaging in fundraising activity1 regardless of whether the person pays fair market value for the names or lists provided4 7,c7 ,the person is established1 directed1 or managed by any person who1 during the election cycle involved or during the #d-year period ending on the first day of the election cycle involved1 has been employed or retained as a political1 media1 or fundraising adviser or consultant for the candidate or committee or for any other entity directly or indirectly controlled by the candidate or committee1 or has held a formal position with a title for the candidate or committee4 7,d7 ,during the election cycle involved1 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 activities1 or about the person's possible or actual campaign activities with respect to the candidate or committee4 7,e7 ,the person has retained the professional services of any person who1 during the same election cycle1 has provided or is providing professional services relating to the campaign to the candidate or committee4 ,for purposes of this subparagraph1 the term professional services includes any services in support of the candidate's or committee's campaign activities1 including advertising1 message1 strategy1 policy1 polling1 allocation of resources1 fundraising1 and campaign operations1 but does not include accounting or legal services4 7,f7 ,the person is established1 directed1 or managed by a member of the immediate family of the candidate1 or 7in the case of a person that is a political committee7 has received a contribution from a member of the immediate family of the candidate4 ,for purposes of this subparagraph1 the term immediate family has the meaning given such term in section #ijjd7;e7 of the ,internal ,revenue ,code of #aihf4 7d7 ,covered communication defined 7#a7 ,in general ,for purposes of this section1 the term covered communication means1 with respect to a candidate or an authorized committee of a candidate1 a public communication 7as defined in section #cja7bb77 which-- 7,a7 promotes or supports the candidate1 or attacks or opposes an opponent of the candidate 7regardless of whether the communication expressly advocates the election or defeat of a candidate or contains the functional equivalent of express advocacy72 or 7,b7 refers to the candidate or an opponent of the candidate but is not described in subparagraph 7,a71 but only if the communication is disseminated during the applicable election period4 7#b7 ,applicable election period ,in paragraph 7#a77;,b71 the applicable election period with respect to a communication means-- 7,a7 in the case of a communication which refers to a candidate for the office of ,president or ,vice ,president1 the period which begins on the date that is #abj days before the date of the first primary election1 preference election1 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 office2 or 7,b7 in the case of a communication which refers to a candidate for any other office1 which begins on the date that is #ij days before the primary or preference election1 or convention or caucus of a political party that has authority to nominate a candidate1 for the office sought by the candidate and ends on the date of the general election for such office4 7#c7 ,special rules for communications involving congressional candidates ,for purposes of this subsection1 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 seeking4 7e7 ,election cycle defined ,in this section1 the term election cycle means1 with respect to an election for ,federal office1 the period beginning on the day after the date of the most recent general election for that office 7or1 if the general election resulted in a runoff election1 the date of the runoff election7 and ending on the date of the next general election for that office 7or1 if the general election resulted in a runoff election1 the date of the runoff election74 4 7c7 ,effective date 7#a7 ,repeal of existing regulations on coordination ,effective upon the expiration of the #ij-;day period which begins on the date of the enactment of this ,act-- 7,a7 the regulations on coordinated communications adopted by the ,federal ,election ,commission which are in effect on the date of the enactment of this ,act 7as set forth in #aa ,,cfr ,part #aji1 ,subpart ,c1 under the heading ,coordination7 are repealed2 and 7,b7 the ,federal ,election ,commission shall promulgate new regulations on coordinated communications which reflect the amendments made by this ,act4 7#b7 ,effective date ,the amendments made by this section shall apply with respect to payments made on or after the expiration of the #abj-;day period which begins on the date of the enactment of this ,act1 without regard to whether or not the ,federal ,election ,commission has promulgated regulations in accordance with paragraph 7#a77;,b7 as of the expiration of such period4 #cjb4 ,clarification of ban on fundraising for super pacs by federal candidates and officeholders ,section #cbc7;e77#a7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dda;i7e77#a77 is amended-- 7#a7 by striking or at the end of subparagraph 7,a72 7#b7 by striking the period at the end of subparagraph 7,b7 and inserting 2 or2 and 7#c7 by adding at the end the following new subparagraph3 7,c7 solicit1 receive1 direct1 or transfer funds to or on behalf of any political committee which accepts donations or contributions that do not comply with the limitations1 prohibitions1 and reporting requirements of this ,act 7or to or on behalf of any account of a political committee which is established for the purpose of accepting such donations or contributions71 or to or on behalf of any political organization under section #ebg of the ,internal ,revenue ,code of #aihf which accepts such donations or contributions 7other than a committee of a ,state or local political party or a candidate for election for ,state or local office74 4 ,,iv ,use of ,presidential ,election ,campaign ,fund for public financing of ,federal elections #dja4 ,use of ,presidential ,election ,campaign ,fund for congressional candidates ,subtitle ,h of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new chapter3 #ig ,empowering citizens payment account ,sec4 #ijea4 ,payments to ,congressional candidates4 #ijea4 ,payments to ,congressional candidates 7a7 ,establishment of account ,the ,secretary shall maintain in the ,presidential ,election ,campaign ,fund established by section #ijjf7;a71 in addition to any account which he maintains under such section1 a separate account to be known as the ,empowering ,citizens ,payment ,account4 ,the ,secretary shall deposit into such ,account the amount available after the ,secretary determines that amounts for payments under section #ijjf7;c7 and for payments under section #ijcg7;b7 are available for such payments4 7b7 ,use of ,fund for payments to ,congressional candidates participating in public financing program ,the ,secretary shall transfer amounts in the ,fund to the ,federal ,election ,commission1 at such times and in such amounts as the ,federal ,election ,commission may certify1 for payments to candidates for election to the office of ,senator or ,representative in1 or ,delegate or ,resident ,commissioner to1 the ,congress who are participating candidates under title ,v of the ,federal ,election ,campaign ,act of #aiga4 4 #djb4 ,revisions to designation of income tax payments by individual taxpayers 7a7 ,increase in amount designated ,section #fjif7;a7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 in the first sentence1 by striking #c each place it appears and inserting #bj2 and 7#b7 in the second sentence-- 7,a7 by striking #f and inserting #dj2 and 7,b7 by striking #c and inserting #bj4 7b7 ,indexing ,section #fjif of such ,code is amended by adding at the end the following new subsection3 7d7 ,indexing of amount designated 7#a7 ,in general ,with respect to each taxable year after #bjac1 each amount referred to in subsection 7a7 shall be increased by the percent difference described in paragraph 7#b71 except that if any such amount after such an increase is not a multiple of #a1 such amount shall be rounded to the nearest multiple of #a4 7#b7 ,percent difference described ,the percent difference described in this paragraph with respect to a taxable year is the percent difference determined under section #cae7;c77#a77;,a7 of the ,federal ,election ,campaign ,act of #aiga with respect to the calendar year during which the taxable year begins1 except that the base year involved shall be #bjab4 4 7c7 ,ensuring tax preparation software does not provide automatic response to designation question ,section #fjif of such ,code1 as amended by subsection 7b71 is amended by adding at the end the following new subsection3 7e7 ,ensuring tax preparation software does not provide automatic response to designation question ,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 section4 4 7d7 ,public information program on designation ,section #fjif of such ,code1 as amended by subsections 7b7 and 7c71 is amended by adding at the end the following new subsection3 7f7 ,public information program 7#a7 ,in general ,the ,federal ,election ,commission shall conduct a program to inform and educate the public regarding the purposes of the ,presidential ,election ,campaign ,fund1 the procedures for the designation of payments under this section1 and the effect of such a designation on the income tax liability of taxpayers4 7#b7 ,use of funds for program ,amounts in the ,presidential ,election ,campaign ,fund shall be made available to the ,federal ,election ,commission to carry out the program under this subsection4 4 7e7 ,effective date ,the amendments made by this section shall take effect ,january #a1 #bjad4 #djc4 ,donation to ,presidential ,election ,campaign ,fund 7a7 ,general rule ,every taxpayer who makes a return of the tax imposed by subtitle ,a of the ,internal ,revenue ,code of #aihf for any taxable year ending after ,december #ca1 #bjab1 may donate an amount 7not less than #a71 in addition to any designation of income tax liability under section #fjif of such ,code for such taxable year1 which shall be deposited in the general fund of the ,treasury4 7b7 ,manner and time of designation ,any donation under subsection 7a7 for any taxable year-- 7#a7 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 prescribe1 except that-- 7,a7 the designation for such donation shall be either on the first page of the return or on the page bearing the taxpayer's signature1 and 7,b7 the designation shall be by a box added to the return1 and the text beside the box shall provide3 ,by checking here1 ,i signify that in addition to my tax liability 7if any71 ,i would like to donate the included payment to be used exclusively as a contribution to the ,presidential ,election ,campaign ,fund41 and 7#b7 shall be accompanied by a payment of the amount so designated4 7c7 ,treatment of amounts donated ,for purposes of this title1 the amount donated by any taxpayer under subsection 7a7 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 7determined without regard to extensions7 or1 if later1 the date the return is filed4 7d7 ,transfers to ,presidential ,election ,campaign ,fund ,the ,secretary shall1 from time to time1 transfer to the ,presidential ,election ,campaign ,fund established under section #ijjf7;a7 of such ,code amounts equal to the amounts donated under this section4 ,v ,other ,campaign ,finance ,reforms #eja4 ,regulations with respect to best efforts for identifying persons making contributions ,not later than #f months after the date of enactment of this ,act1 the ,federal ,election ,commission shall promulgate regulations with respect to what constitutes best efforts under section #cjb7;i7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dcb7;i77 for determining the identification of persons making contributions to political committees1 including the identifications of persons making contributions over the ,internet or by credit card4 ,such regulations shall include a requirement that in the case of contributions made by a credit card1 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 contribution4 #ejb4 ,prohibition on joint fundraising committees 7a7 ,in general ,section #cjb7;e7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dcb7;e77 is amended by adding at the end the following new paragraph3 7#f7 ,no authorized committee of a candidate may establish a joint fundraising committee with a political committee other than an authorized committee of a candidate4 4 7b7 ,effective date ,the amendments made by this section shall take effect on ,january #a1 #bjad4 #ejc4 ,disclosure of bundled contributions to ,presidential campaigns 7a7 ,in general ,paragraphs 7#a7 through 7#c7 of section #cjd7;i7 of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dcd7;i77 are amended to read as follows3 7#a7 ,in general 7,a7 ,disclosure of bundled contributions by lobbyists ,each committee described in paragraph 7#f7 shall include in the first report required to be filed under this section after each covered period 7as defined in paragraph 7#b77 a separate schedule setting forth the name1 address1 and employer of each person reasonably known by the committee to be a person described in paragraph 7#g7 who provided #b or more bundled contributions to the committee in an aggregate amount greater than the applicable threshold 7as defined in paragraph 7#c77 during the covered period1 and the aggregate amount of the bundled contributions provided by each such person during the covered period4 7,b7 ,disclosure of bundled contributions to presidential campaigns ,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 7as defined in paragraph 7#b77 a separate schedule setting forth the name1 address1 and employer of each person who provided #b or more bundled contributions to the committee in an aggregate amount greater than the applicable threshold 7as defined in paragraph 7#c77 during the election cycle1 and the aggregate amount of the bundled contributions provided by each such person during the covered period and such election cycle4 ,such schedule shall include a separate listing of the name1 address1 and employer of each person included on such schedule who is reasonably known by the committee to be a person described in paragraph 7#g71 together with the aggregate amount of bundled contributions provided by such person during such period and such cycle4 7#b7 ,covered period ,in this subsection1 a covered period means-- 7,a7 with respect to a committee which is an authorized committee of a candidate for the office of ,president or for nomination to such office-- 7i7 the #d-year election cycle ending with the date of the election for the office of the ,president2 and 7ii7 any reporting period applicable to the committee under this section during which any person provided #b or more bundled contributions to the committee2 and 7,b7 with respect to any other committee-- 7i7 the period beginning ,january #a and ending ,june #cj of each year2 7ii7 the period beginning ,july #a and ending ,december #ca of each year2 and 7iii7 any reporting period applicable to the committee under this section during which any person described in paragraph 7#g7 provided #b or more bundled contributions to the committee in an aggregate amount greater than the applicable threshold4 7#c7 ,applicable threshold 7,a7 ,in general ,in this subsection1 the applicable threshold is-- 7i7 #ej1jjj in the case of a committee which is an authorized committee of a candidate for the office of ,president or for nomination to such office2 and 7ii7 #ae1jjj in the case of any other committee4 ,in determining whether the amount of bundled contributions provided to a committee by a person exceeds the applicable threshold1 there shall be excluded any contribution made to the committee by the person or the person's spouse4 7,b7 ,indexing ,in any calendar year after #bjag1 section #cae7;c77#a77;,b7 shall apply to each amount applicable under subparagraph 7,a7 in the same manner as such section applies to the limitations established under subsections 7a77#a77;,a71 7a77#a77;,b71 7a77#c71 and 7h7 of such section1 except that for purposes of applying such section to the amount applicable under subparagraph 7,a71 the base period shall be #bjaf4 7,c7 ,aggregation of contributions from cosponsors of fundraising event ,for purposes of determining the amount of bundled contributions provided by a person to a committee which were received by the person at a fundraising event sponsored by the person1 or in response to an invitation to attend a fundraising event sponsored by the person1 each person who is a sponsor of the event shall be considered to have provided to the committee the aggregate amount of all bundled contributions which were provided to the committee by all sponsors of the event4 4 7b7 ,conforming amendments ,section #cjd7;i7 of such ,act 7#b ,u4,s4,c4 #dcd7;i77 is amended-- 7#a7 in paragraph 7#e71 by striking described in paragraph 7#g7 each place it appears in subparagraphs 7,c7 and 7,d72 7#b7 in paragraph 7#f71 by inserting 7other than a candidate for the office of ,president or for nomination to such office7 after candidate2 and 7#c7 in paragraph 7#h77;,a7-- 7,a7 by striking 1 with respect to a committee described in paragraph 7#f7 and a person described in paragraph 7#g71 and inserting 1 with respect to a committee described in paragraph 7#f7 or an authorized committee of a candidate for the office of ,president or for nomination to such office12 7,b7 by striking by the person in clause 7i7 thereof and inserting by any person2 and 7,c7 by striking the person each place it appears in clause 7ii7 and inserting such person4 7c7 ,effective date ,the amendments made by this section shall apply with respect to reports filed under section #cjd of the ,federal ,election ,campaign ,act of #aiga after ,january #a1 #bjad4 #ejd4 ,judicial review of actions related to campaign finance laws 7a7 ,in general ,title ,,iv of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dea et seq47 is amended by inserting after section #djf the following new section3 #djg4 ,judicial review 7a7 ,in general ,if any action is brought for declaratory or injunctive relief to challenge the constitutionality of any provision of this ,act or of chapter #ie or #if of the ,internal ,revenue ,code of #aihf1 or is brought to with respect to any action of the ,commission under chapter #ie or #if of the ,internal ,revenue ,code of #aihf1 the following rules shall apply3 7#a7 ,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 ,circuit4 7#b7 ,in the case of an action relating to declaratory or injunctive relief to challenge the constitutionality of a provision-- 7,a7 a copy of the complaint shall be delivered promptly to the ,clerk of the ,house of ,representatives and the ,secretary of the ,senate2 and 7,b7 it shall be the duty of the ,united ,states ,district ,court for the ,district of ,columbia1 the ,court of ,appeals for the ,district of ,columbia1 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 appeal4 7b7 ,intervention by ,members of ,congress ,in any action in which the constitutionality of any provision of this ,act or chapter #ie or #if of the ,internal ,revenue ,code of #aihf is raised1 any member of the ,house of ,representatives 7including a ,delegate or ,resident ,commissioner to the ,congress7 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 provision4 ,to avoid duplication of efforts and reduce the burdens placed on the parties to the action1 the court in any such action may make such orders as it considers necessary1 including orders to require interveners taking similar positions to file joint papers or to be represented by a single attorney at oral argument4 7c7 ,challenge by ,members of ,congress ,any ,member of ,congress may bring an action1 subject to the special rules described in subsection 7a71 for declaratory or injunctive relief to challenge the constitutionality of any provision of this ,act or chapter #ie or #if of the ,internal ,revenue ,code of #aihf4 4 7b7 ,conforming amendments 7#a7 ,in general 7,a7 ,section #caj of the ,federal ,election ,campaign ,act of #aiga 7#b ,u4,s4,c4 #dcg;h7 is repealed4 7,b7 ,section #ijaa of the ,internal ,revenue ,code of #aihf is amended to read as follows3 #ijaa4 ,judicial review ,for provisions relating to judicial review of certifications1 determinations1 and actions by the ,commission under this chapter1 see section #djg of the ,federal ,election ,campaign ,act of #aiga4 4 7,c7 ,section #ijda of the ,internal ,revenue ,code of #aihf is amended to read as follows3 #ijda4 ,judicial review ,for provisions relating to judicial review of actions by the ,commission under this chapter1 see section #djg of the ,federal ,election ,campaign ,act of #aiga4 4 7,d7 ,section #djc of the ,bipartisan ,campaign ,finance ,reform ,act of #bjjb 7#b ,u4,s4,c4 #dcg;h note7 is repealed4 7c7 ,effective date ,the amendments made by this section shall apply to actions brought on or after ,january #a1 #bjad4 ,,vi ,severability2 ,effective ,date #fja4 ,severability ,if any provision of this ,act or amendment made by this ,act1 or the application of a provision or amendment to any person or circumstance1 is held to be unconstitutional1 the remainder of this ,act and amendments made by this ,act1 and the application of the provisions and amendment to any person or circumstance1 shall not be affected by the holding4 #fjb4 ,effective date ,except as otherwise provided in this ,act1 the amendments made by this ,act shall apply with respect to elections occurring after ,january #a1 #bjad4