,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bjbc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #ab1 #bjad,mr4
 ,durb9 7= himself1 ,mrs4 ,box]1 ,mr4   
,br[n1 ,mr4 ,c>d91 ,mr4 ,frank51 ,mrs4  
,gillibr&1 ,mr4 ,h>k91 ,mr4 ,he9ri*1    
,ms4 ,klobu*>1 ,mr4 ,leahy1 ,mr4        
,m55dez1 ,mr4 ,m>key1 ,mr4 ,m]kley1 ,mr4
 ,murphy1 ,mr4 ,s&]s1 ,mrs4 ,%ahe51 &   
,ms4 ,w>r57 introduc$ ! foll[+ bill2 :i*
 0 read twice & ref]r$ to ! ,committee  
on ,f9ance  ,a ,,bill  ,to re=m ! f9anc+
 ( ,s5ate elections1 & = o!r purposes4  
#a4 ,%ort title2 table ( cont5ts  7a7   
,%ort title ,?is ,act may be cit$ z !   
,fair ,elections ,n[ ,act4  7b7 ,table (
 cont5ts ,! table ( cont5ts ( ?is ,act  
is z foll[s3 ,sec4 #a4 ,%ort title2     
table ( cont5ts4 ,,title ,i--,fair      
elections f9anc+ ( ,s5ate election      
campaigns ,subtitle ,a--,fair elections 
f9anc+ program ,sec4 #aja4 ,f9d+s &     
decl>ations4 ,sec4 #ajb4 ,eligibility   
requirem5ts & b5efits ( ,fair ,elections
 f9anc+ ( ,s5ate election campaigns4    

,sec4 #ajc4 ,prohibition on jo9t        
fundrais+ committees4 ,sec4 #ajd4       
,exception to limitation on coord9at$   
exp5ditures by political p>ty committees
 ) p>ticipat+ c&idates4 ,,title         
,,ii--,improv+ vot] in=mation ,sec4     
#bja4 ,broadca/s relat+ to all ,s5ate   
c&idates4 ,sec4 #bjb4 ,broadca/ rates = 
p>ticipat+ c&idates4 ,sec4 #bjc4 ,,fcc  
to prescribe /&>diz$ =m = report+       
c&idate campaign ads4 ,,title           
,,iii--,responsibilities ( ! ,f$]al     
,election ,commission ,sec4 #cja4       
,petition = c]tior>i4 ,sec4 #cjb4 ,fil+ 
by ,s5ate c&idates ) ,commission4 ,sec4 
#cjc4 ,electronic fil+ ( ,,fec reports4 
,,title ,,iv--,p>ticipation 9 ,fund+ (  
,elections ,sec4 #dja4 ,refundable tax  
cr$it = ,s5ate campaign contributions4  
,,title ,v--,rev5ue provisions ,sec4    
#eja4 ,fair ,elections ,fund rev5ue4    
,,title ,,vi--,miscellane\s provisions  
,sec4 #fja4 ,sev]ability4 ,sec4 #fjb4   
,effective date4  ,i ,fair elections    
f9anc+ ( ,s5ate election campaigns  ,a  

,fair elections f9anc+ program  #aja4   
,f9d+s & decl>ations  7a7 ,und]m9+ (    
democracy by campaign contributions f   
private s\rces ,! ,s5ate f9ds & decl>es 
t ! curr5t sy/em ( privately f9anc$     
campaigns = election to ! ,unit$ ,/ates 
,s5ate has ! capacity1 & is (t5 p]ceiv$ 
by ! public1 to und]m9e democracy 9 !   
,unit$ ,/ates by-- 7#a7 creat+ a culture
 t fo/]s actual or p]ceiv$ conflicts (  
int]e/ by enc\rag+ ,s5ators to accept   
l>ge campaign contributions f private   
int]e/s t are directly affect$ by ,f$]al
 legislation2  7#b7 dim9i%+ or appe>+ to
 dim9i% ,s5ators' acc\ntability to      
con/itu5ts by compell+ legislators to be
 acc\ntable to ! major contributors :o  
f9ance _! election campaigns2  7#c7     
und]m9+ ! mean+ ( ! "r to vote by all[+ 
moni$ int]e/s to h a disproportionate & 
unfair influ5ce )9 ! political process2 
7#d7 impos+ l>ge1 unw>rant$ co/s on     
taxpay]s ?r\gh legislative & regulatory 
di/ortions caus$ by unequal access to   
lawmak]s = campaign contributors2  7#e7 

mak+ x difficult = "s qualifi$ c&idates 
to m\nt competitive ,s5ate election     
campaigns2  7#f7 disadvantag+ *all5g]s &
 disc\rag+ competitive elections2 &     
7#g7 burd5+ incumb5ts ) a preoccupation 
) fundrais+ & ?us decreas+ ! "t         
available to c>ry out _! public         
responsibilities4  7b7 ,enhancem5t (    
democracy by provid+ allocations f !    
,fair ,elections ,fund ,! ,s5ate f9ds & 
decl>es t provid+ ! option ( !          
replacem5t ( l>ge private campaign      
contributions ) allocations f ! ,fair   
,elections ,fund = all prim>y1 run(f1 & 
g5]al elections to ! ,s5ate w\ld enhance
 ,am]ican democracy by-- 7#a7 r$uc+ !   
actual or p]ceiv$ conflicts ( int]e/    
creat$ by fully private f9anc+ ( !      
election campaigns ( public (ficials &  
re/or+ public confid5ce 9 ! integrity & 
fairness ( ! electoral & legislative    
processes ?r\gh a program :i* all[s     
p>ticipat+ c&idates to adh]e to         
sub/antially l[] contribution limits =  
contributors ) an assurance t !re w be  

suffici5t funds = su* c&idates to run   
viable electoral campaigns2  7#b7       
increas+ ! public's confid5ce 9 !       
acc\ntability ( ,s5ators to ! con/itu5ts
 :o elect !m1 :i* d]ives f ! program's  
qualify+ crit]ia to p>ticipate 9 !      
volunt>y program & ! conclusions t      
con/itu5ts may draw reg>d+ c&idates :o  
qualify & p>ticipate 9 ! program2  7#c7 
help+ to r$uce ! ability to make l>ge   
campaign contributions z a det]m9ant ( a
 citiz5's influ5ce )9 ! political       
process by facilitat+ ! expression (    
support by vot]s at e level ( weal?1    
enc\rag+ political p>ticipation1 &      
inc5tiviz+ p>ticipation on ! "p (       
,s5ators ?r\gh ! mat*+ ( small doll>    
contributions2  7#d7 pot5tially sav+    
taxpay]s billions ( doll>s t may be 7or 
t are p]ceiv$ to be7 curr5tly allocat$  
bas$ ^u legislative & regulatory ag5das 
skew$ by ! influ5ce ( campaign          
contributions2  7#e7 creat+ g5u9e       
opportunities = all ,am]icans to run = !
 ,s5ate & enc\rag+ m competitive        

elections2  7#f7 enc\rag+ p>ticipation 9
 ! electoral process by citiz5s ( e     
level ( weal?2 &  7#g7 free+ ,s5ators f 
! incessant preoccupation ) rais+ money1
 & all[+ !m m "t to c>ry out _! public  
responsibilities4  #ajb4 ,eligibility   
requirem5ts & b5efits ( ,fair ,elections
 f9anc+ ( ,s5ate election campaigns ,!  
,f$]al ,election ,campaign ,act ( #aiga 
7#b ,u4,s4,c4 #dca et seq47 is am5d$ by 
add+ at ! end ! foll[+3  ,v ,fair       
elections f9anc+ ( ,s5ate election      
campaigns  ,a ,g5]al provisions  #eja4  
,def9itions ,9 ?is title3 7#a7          
,allocation f ! ,fund ,! t]m allocation 
f ! ,fund means an allocation ( money f 
! ,fair ,elections ,fund to a p>ticipat+
 c&idate pursuant to section #ebb4  7#b7
 ,bo>d ,! t]m ,bo>d means ! ,fair       
,elections ,ov]sight ,bo>d e/abli%$ "u  
section #eca4  7#c7 ,fair ,elections    
qualify+ p]iod ,! t]m ,fair ,elections  
qualify+ p]iod means1 ) respect to any  
c&idate = ,s5ator1 ! p]iod-- 7,a7 beg9n+
 on ! date on :i* ! c&idate files a     

/atem5t ( int5t "u section #eaa7;a77#a72
 &  7,b7 end+ on ! date t is #cj days   
be=e-- 7i7 ! date ( ! prim>y election2  
or  7ii7 9 ! case ( a ,/ate t does n    
hold a prim>y election1 ! date prescrib$
 by ,/ate law z ! la/ day to qualify = a
 position on ! g5]al election ballot4   
7#d7 ,fair ,elections />t date ,! t]m   
,fair ,elections />t date means1 )      
respect to any c&idate1 ! date t is #ahj
 days be=e-- 7,a7 ! date ( ! prim>y     
election2 or  7,b7 9 ! case ( a ,/ate t 
does n hold a prim>y election1 ! date   
prescrib$ by ,/ate law z ! la/ day to   
qualify = a position on ! g5]al election
 ballot4  7#e7 ,fund ,! t]m ,fund means 
! ,fair ,elections ,fund e/abli%$ by    
section #ejb4  7#f7 ,imm$iate family ,! 
t]m imm$iate family means1 ) respect to 
any c&idate-- 7,a7 ! c&idate's sp\se2   
7,b7 a *ild1 /ep*ild1 p>5t1 gr&p>5t1    
bro!r1 half-bro!r1 si/]1 or half-si/] ( 
! c&idate or ! c&idate's sp\se2 &  7,c7 
! sp\se ( any p]son describ$ 9          
subp>agraph 7,b74  7#g7 ,mat*+          

contribution ,! t]m mat*+ contribution  
means a mat*+ paym5t provid$ to a       
p>ticipat+ c&idate = qualifi$ small     
doll> contributions1 z provid$ "u       
section #ebc4  7#h7 ,nonp>ticipat+      
c&idate ,! t]m nonp>ticipat+ c&idate    
means a c&idate = ,s5ator :o is n a     
p>ticipat+ c&idate4  7#i7 ,p>ticipat+   
c&idate ,! t]m p>ticipat+ c&idate means 
a c&idate = ,s5ator :o is c]tifi$ "u    
section #eae z be+ eligible to receive  
an allocation f ! ,fund4  7#aj7         
,qualify+ contribution ,! t]m qualify+  
contribution means1 ) respect to a      
c&idate1 a contribution t-- 7,a7 is 9 an
 am\nt t is-- 7i7 n less ?an ! great] ( 
#e or ! am\nt det]m9$ by ! ,commission  
"u section #eca2 &  7ii7 n m ?an !      
great] ( #aej or ! am\nt det]m9$ by !   
,commission "u section #eca2  7,b7 is   
made by an individual-- 7i7 :o is a     
resid5t ( ! ,/ate 9 :i* su* c&idate is  
seek+ election2 &  7ii7 :o is n o!rwise 
prohibit$ f mak+ a contribution "u ?is  
,act2  7,c7 is made dur+ ! ,fair        

,elections qualify+ p]iod2 &  7,d7 meets
 ! requirem5ts ( section #eab7;b74      
7#aa7 ,qualifi$ small doll> contribution
 ,! t]m qualifi$ small doll>            
contribution means1 ) respect to a      
c&idate1 any contribution 7or s]ies (   
contributions7-- 7,a7 :i* is n a        
qualify+ contribution 7or does n include
 a qualify+ contribution72  7,b7 :i* is 
made by an individual :o is n prohibit$ 
f mak+ a contribution "u ?is ,act2 &    
7,c7 ! aggregate am\nt ( :i* does n     
exce$ ! great] (-- 7i7 #aej p] election2
 or  7ii7 ! am\nt p] election det]m9$ by
 ! ,commission "u section #eca4  #ejb4  
,fair ,elections ,fund  7a7 ,e/abli%m5t 
,!re is e/abli%$ 9 ! ,treasury a fund to
 be kn[n z ! ,fair ,elections ,fund4    
7b7 ,am\nts held by ,fund ,! ,fund %all 
consi/ ( ! foll[+ am\nts3 7#a7          
,appropriat$ am\nts  7,a7 ,9 g5]al      
,am\nts appropriat$ to ! ,fund4  7,b7   
,s5se ( ! ,s5ate reg>d+ appropriations  
,x is ! s5se ( ! ,s5ate t-- 7i7 !re %\ld
 be impos$ on any paym5t made to any    

p]son 7o!r ?an a ,/ate or local gov]nm5t
 or a =eign nation7 :o has contracts ) !
 ,gov]nm5t ( ! ,unit$ ,/ates 9 excess ( 
#aj1jjj1jjj a tax equal to #j4ej p]c5t (
 am\nt paid pursuant to su* contracts1  
except t ! aggregate tax = any p]son =  
any taxable ye> %all n exce$ #ejj1jjj2 &
  7ii7 ! rev5ue f su* tax %\ld be       
appropriat$ to ! ,fund4  7#b7 ,volunt>y 
contributions ,volunt>y contributions to
 ! ,fund4  7#c7 ,o!r deposits ,am\nts   
deposit$ into ! ,fund "u-- 7,a7 section 
#eac7;c7 7relat+ to exceptions to       
contribution requirem5ts72  7,b7 section
 #eba7;c7 7relat+ to remittance (       
allocations f ! ,fund72  7,c7 section   
#ecc 7relat+ to violations72 &  7,d7 any
 o!r section ( ?is ,act4  7#d7 ,inve/m5t
 returns ,int]e/ on1 & ! proce$s f1 !   
sale or r$emption (1 any obligations    
held by ! ,fund "u subsection 7c74  7c7 
,inve/m5t ,! ,commission %all inve/     
portions ( ! ,fund 9 obligations ( !    
,unit$ ,/ates 9 ! same mann] z provid$  
"u section #ifjb7;b7 ( ! ,int]nal       

,rev5ue ,code ( #aihf4  7d7 ,use ( ,fund
  7#a7 ,9 g5]al ,! sums 9 ! ,fund %all  
be us$ to provide b5efits to p>ticipat+ 
c&idates z provid$ 9 subtitle ,c4  7#b7 
,insuffici5t am\nts ,"u regulations     
e/abli%$ by ! ,commission1 rules simil> 
to ! rules ( section #ijjf7;c7 ( !      
,int]nal ,rev5ue ,code %all apply4  ,b  
,eligibility & c]tification  #eaa4      
,eligibility  7a7 ,9 g5]al ,a c&idate = 
,s5ator is eligible to receive an       
allocation f ! ,fund = any election if !
 c&idate meets ! foll[+ requirem5ts3    
7#a7 ,! c&idate files ) ! ,commission a 
/atem5t ( int5t to seek c]tification z a
 p>ticipat+ c&idate "u ?is title dur+ ! 
p]iod beg9n+ on ! ,fair ,elections />t  
date & end+ on ! la/ day ( ! ,fair      
,elections qualify+ p]iod4  7#b7 ,!     
c&idate meets ! qualify+ contribution   
requirem5ts ( section #eab4  7#c7 ,n    
lat] ?an ! la/ day ( ! ,fair ,elections 
qualify+ p]iod1 ! c&idate files ) !     
,commission an affidavit sign$ by !     
c&idate & ! treasur] ( ! c&idate's      

pr9cipal campaign committee decl>+ t !  
c&idate-- 7,a7 has compli$ &1 if        
c]tifi$1 w comply ) ! contribution &    
exp5diture requirem5ts ( section #eac2  
7,b7 if c]tifi$1 w comply ) ! debate    
requirem5ts ( section #ead2  7,c7 if    
c]tifi$1 w n run z a nonp>ticipat+      
c&idate dur+ su* ye> 9 any election = ! 
(fice t su* c&idate is seek+2 &  7,d7   
has ei!r qualifi$ or w take /eps to     
qualify "u ,/ate law to be on ! ballot4 
7b7 ,g5]al election ,not)/&+ subsection 
7a71 a c&idate %all n be eligible to    
receive an allocation f ! ,fund = a     
g5]al election or a g5]al run(f election
 unless ! c&idate's p>ty nom9at$ !      
c&idate to be plac$ on ! ballot = !     
g5]al election or ! c&idate o!rwise     
qualifi$ to be on ! ballot "u ,/ate law4
  #eab4 ,qualify+ contribution          
requirem5t  7a7 ,9 g5]al ,a c&idate =   
,s5ator meets ! requirem5t ( ?is section
 if1 dur+ ! ,fair ,elections qualify+   
p]iod1 ! c&idate obta9s-- 7#a7 a numb] (
 qualify+ contributions equal to !      

great] (-- 7,a7 ! sum (-- 7i7 #b1jjj2   
plus  7ii7 #ejj = ea* congressional     
di/rict 9 ! ,/ate ) respect to :i* !    
c&idate is seek+ election2 or  7,b7 !   
am\nt det]m9$ by ! ,commission "u       
section #eca2 &  7#b7 a total doll>     
am\nt ( qualify+ contributions equal to 
! great] (-- 7,a7 #aj p]c5t ( ! am\nt ( 
! allocation su* c&idate w\ld be entitl$
 to receive = ! prim>y election "u      
section #ebb7;c77#a7 7det]m9$ )\t reg>d 
to p>agraph 7#e7 !re(7 if su* c&idate 7 
a p>ticipat+ c&idate2 or  7,b7 ! am\nt  
det]m9$ by ! ,commission "u section     
#eca4  7b7 ,requirem5ts relat+ to       
receipt ( qualify+ contribution ,ea*    
qualify+ contribution-- 7#a7 may be made
 by means ( a p]sonal *eck1 money ord]1 
debit c>d1 cr$it c>d1 or electronic     
paym5t acc\nt2  7#b7 %all be accompani$ 
by a sign$ /atem5t conta9+-- 7,a7 !     
contributor's "n & ! contributor's      
address 9 ! ,/ate 9 :i* ! contributor is
 regi/]$ to vote2 &  7,b7 an oa? decl>+ 
t ! contributor-- 7i7 und]/&s t !       

purpose ( ! qualify+ contribution is to 
%[ support = ! c&idate s t ! c&idate may
 qualify = ,fair ,elections f9anc+2     
7ii7 is mak+ ! contribution 9 8 or h]   
own "n & f 8 or h] own funds2  7iii7 has
 made ! contribution will+ly2 &  7iv7   
has n receiv$ any?+ ( value 9 return = !
 contribution2 &  7#c7 %all be ackn[l$g$
 by a receipt t is s5t to ! contributor 
) a copy kept by ! c&idate = !          
,commission & a copy kept by ! c&idate =
 ! election au?orities 9 ! ,/ate )      
respect to :i* ! c&idate is seek+       
election4  7c7 ,v]ification ( qualify+  
contributions ,! ,commission %all       
e/abli% proc$ures = ! audit+ &          
v]ification ( qualify+ contributions to 
ensure t su* contributions meet !       
requirem5ts ( ?is section4  #eac4       
,contribution & exp5diture requirem5ts  
7a7 ,g5]al rule ,a c&idate = ,s5ator    
meets ! requirem5ts ( ?is section if1   
dur+ ! election cycle ( ! c&idate1 !    
c&idate-- 7#a7 except z provid$ 9       
subsection 7b71 accepts no contributions

 o!r ?an-- 7,a7 qualify+ contributions2 
7,b7 qualifi$ small doll> contributions2
  7,c7 allocations f ! ,fund "u section 
#ebb2  7,d7 mat*+ contributions "u      
section #ebc2 &  7,e7 v\*]s provid$ to !
 c&idate "u section #ebd2  7#b7 makes no
 exp5ditures f any am\nts o!r ?an f--   
7,a7 qualify+ contributions2  7,b7      
qualifi$ small doll> contributions2     
7,c7 allocations f ! ,fund "u section   
#ebb2  7,d7 mat*+ contributions "u      
section #ebc2 &  7,e7 v\*]s provid$ to !
 c&idate "u section #ebd2 &  7#c7 makes 
no exp5ditures f p]sonal funds or !     
funds ( any imm$iate family memb] 7o!r  
?an funds receiv$ ?r\gh qualifi$ small  
doll> contributions & qualify+          
contributions74  ,= purposes ( ?is      
subsection1 a paym5t made by a political
 p>ty 9 coord9ation ) a p>ticipat+      
c&idate %all n be treat$ z a            
contribution to or z an exp5diture made 
by ! p>ticipat+ c&idate4  7b7           
,contributions = lead]%ip ,p,a,cs1 etc  
,a political committee ( a p>ticipat+   

c&idate :i* is n an au?oriz$ committee (
 su* c&idate may accept contributions   
o!r ?an contributions describ$ 9        
subsection 7a77#a7 f any p]son if-- 7#a7
 ! aggregate contributions f su* p]son =
 any cal5d> ye> d n exce$ #aej2 &  7#b7 
no portion ( su* contributions is       
disburs$ 9 connection ) ! campaign ( !  
p>ticipat+ c&idate4  7c7 ,exception     
,not)/&+ subsection 7a71 a c&idate %all 
n be treat$ z hav+ fail$ to meet !      
requirem5ts ( ?is section if any        
contributions t are n qualifi$ small    
doll> contributions1 qualify+           
contributions1 or contributions t meet !
 requirem5ts ( subsection 7b7 & t are   
accept$ be=e ! date ! c&idate files a   
/atem5t ( int5t "u section #eaa7;a77#a7 
are-- 7#a7 return$ to ! contributor2 or 
7#b7 submitt$ to ! ,commission = deposit
 9 ! ,fund4  #ead4 ,debate requirem5t ,a
 c&idate = ,s5ator meets ! requirem5ts (
 ?is section if ! c&idate p>ticipates 9 
at lea/-- 7#a7 #a public debate be=e !  
prim>y election ) o!r p>ticipat+        

c&idates & o!r will+ c&idates f ! same  
p>ty & seek+ ! same nom9ation z su*     
c&idate2 &  7#b7 #b public debates be=e 
! g5]al election ) o!r p>ticipat+       
c&idates & o!r will+ c&idates seek+ !   
same (fice z su* c&idate4  #eae4        
,c]tification  7a7 ,9 g5]al ,n lat] ?an 
#e days aft] a c&idate = ,s5ator files  
an affidavit "u section #eaa7;a77#c71 ! 
,commission %all-- 7#a7 c]tify :e!r or n
 ! c&idate is a p>ticipat+ c&idate2 &   
7#b7 notify ! c&idate ( ! ,commission's 
det]m9ation4  7b7 ,revocation (         
c]tification  7#a7 ,9 g5]al ,!          
,commission may revoke a c]tification "u
 subsection 7a7 if-- 7,a7 a c&idate     
fails to qualify to appe> on ! ballot at
 any "t aft] ! date ( c]tification2 or  
7,b7 a c&idate o!rwise fails to comply )
 ! requirem5ts ( ?is title1 includ+ any 
regulatory requirem5ts prescrib$ by !   
,commission4  7#b7 ,repaym5t ( b5efits  
,if c]tification is revok$ "u p>agraph  
7#a71 ! c&idate %all repay to ! ,fund an
 am\nt equal to ! value ( b5efits       

receiv$ "u ?is title plus int]e/ 7at a  
rate det]m9$ by ! ,commission7 on any   
su* am\nt receiv$4  ,c ,b5efits  #eba4  
,b5efits = p>ticipat+ c&idates  7a7 ,9  
g5]al ,= ea* election ) respect to :i* a
 c&idate is c]tifi$ z a p>ticipat+      
c&idate1 su* c&idate %all be entitl$    
to-- 7#a7 an allocation f ! ,fund to    
make or obligate to make exp5ditures )  
respect to su* election1 z provid$ 9    
section #ebb2  7#b7 mat*+ contributions1
 z provid$ 9 section #ebc2 &  7#c7 = !  
g5]al election1 v\*]s = broadca/s (     
political adv]tisem5ts1 z provid$ 9     
section #ebd4  7b7 ,re/riction on uses (
 allocations f ! ,fund ,allocations f ! 
,fund receiv$ by a p>ticipat+ c&idate "u
 section #ebb & mat*+ contributions "u  
section #ebc may only be us$ =          
campaign-relat$ co/s4  7c7 ,remitt+     
allocations f ! ,fund  7#a7 ,9 g5]al ,n 
lat] ?an ! date t is #de days aft] an   
election 9 :i* ! p>ticipat+ c&idate     
appe>$ on ! ballot1 su* p>ticipat+      
c&idate %all remit to ! ,commission =   

deposit 9 ! ,fund an am\nt equal to !   
less] (-- 7,a7 ! am\nt ( money 9 !      
c&idate's campaign acc\nt2 or  7,b7 !   
sum ( ! allocations f ! ,fund receiv$ by
 ! c&idate "u section #ebb & ! mat*+    
contributions receiv$ by ! c&idate "u   
section #ebc4  7#b7 ,exception ,9 ! case
 ( a c&idate :o qualifies to be on !    
ballot = a prim>y run(f election1 a     
g5]al election1 or a g5]al run(f        
election1 ! am\nts describ$ 9 p>agraph  
7#a7 may be reta9$ by ! c&idate & us$ 9 
su* subsequ5t election4  #ebb4          
,allocations f ! ,fund  7a7 ,9 g5]al ,! 
,commission %all make allocations f !   
,fund "u section #eba7;a77#a7 to a      
p>ticipat+ c&idate-- 7#a7 9 ! case (    
am\nts provid$ "u subsection 7c77#a71 n 
lat] ?an #dh h\rs aft] ! date on :i* su*
 c&idate is c]tifi$ z a p>ticipat+      
c&idate "u section #eae2  7#b7 9 ! case 
( a g5]al election1 n lat] ?an #dh h\rs 
aft]-- 7,a7 ! date ( ! c]tification ( ! 
results ( ! prim>y election or ! prim>y 
run(f election2 or  7,b7 9 any case 9   

:i* !re is no prim>y election1 ! date ! 
c&idate qualifies to be plac$ on !      
ballot2 &  7#c7 9 ! case ( a prim>y     
run(f election or a g5]al run(f         
election1 n lat] ?an #dh h\rs aft] !    
c]tification ( ! results ( ! prim>y     
election or ! g5]al election1 z ! case  
may be4  7b7 ,me?od ( paym5t ,!         
,commission %all di/ribute funds        
available to p>ticipat+ c&idates "u ?is 
section ?r\gh ! use ( an electronic     
funds ex*ange or a debit c>d4  7c7      
,am\nts  7#a7 ,prim>y election          
allocation2 initial allocation ,except z
 provid$ 9 p>agraph 7#e71 ! ,commission 
%all make an allocation f ! ,fund = a   
prim>y election to a p>ticipat+ c&idate 
9 an am\nt equal to #fg p]c5t ( ! base  
am\nt ) respect to su* p>ticipat+       
c&idate4  7#b7 ,prim>y run(f election   
allocation ,! ,commission %all make an  
allocation f ! ,fund = a prim>y run(f   
election to a p>ticipat+ c&idate 9 an   
am\nt equal to #be p]c5t ( ! am\nt !    
p>ticipat+ c&idate 0 eligible to receive

 "u ?is section = ! prim>y election4    
7#c7 ,g5]al election allocation ,except 
z provid$ 9 p>agraph 7#e71 ! ,commission
 %all make an allocation f ! ,fund = a  
g5]al election to a p>ticipat+ c&idate 9
 an am\nt equal to ! base am\nt )       
respect to su* c&idate4  7#d7 ,g5]al    
run(f election allocation ,! ,commission
 %all make an allocation f ! ,fund = a  
g5]al run(f election to a p>ticipat+    
c&idate 9 an am\nt equal to #be p]c5t ( 
! base am\nt ) respect to su* c&idate4  
7#e7 ,unconte/$ elections  7,a7 ,9 g5]al
 ,9 ! case ( a prim>y or g5]al election 
t is an unconte/$ election1 !           
,commission %all make an allocation f ! 
,fund to a p>ticipat+ c&idate = su*     
election 9 an am\nt equal to #be p]c5t (
 ! allocation :i* su* c&idate w\ld be   
entitl$ to "u ?is section = su* election
 if ?is p>agraph did n apply4  7,b7     
,unconte/$ election def9$ ,= purposes ( 
?is subp>agraph1 an election is         
unconte/$ if n m ?an #a c&idate has     
campaign funds 7includ+ paym5ts f !     

,fund7 9 an am\nt equal to or great] ?an
 #aj p]c5t ( ! allocation a p>ticipat+  
c&idate w\ld be entitl$ to receive "u   
?is section = su* election if ?is       
p>agraph did n apply4  7d7 ,base am\nt  
7#a7 ,9 g5]al ,except z o!rwise provid$ 
9 ?is subsection1 ! base am\nt = any    
c&idate is an am\nt equal to ! great]   
(-- 7,a7 ! sum (-- 7i7 #gej1jjj2 plus   
7ii7 #aej1jjj = ea* congressional       
di/rict 9 ! ,/ate ) respect to :i* !    
c&idate is seek+ election2 or  7,b7 !   
am\nt det]m9$ by ! ,commission "u       
section #eca4  7#b7 ,index+ ,9 ea*      
ev5-numb]$ ye> aft] #bjae-- 7,a7 ea*    
doll> am\nt "u p>agraph 7#a77;,a7 %all  
be increas$ by ! p]c5t diff]5ce betwe5 !
 price index 7z def9$ 9 section         
#cae7;c77#b77;,a77 = ! #ab mon?s prec$+ 
! beg9n+ ( su* cal5d> ye> & ! price     
index = cal5d> ye> #bjad2  7,b7 ea*     
doll> am\nt s increas$ %all rema9 9     
effect = ! #b-ye> p]iod beg9n+ on ! fir/
 day foll[+ ! date ( ! la/ g5]al        
election 9 ! ye> prec$+ ! ye> 9 :i* !   

am\nt is increas$ & end+ on ! date ( !  
next g5]al election2 &  7,c7 if any     
am\nt aft] adju/m5t "u subp>agraph 7,a7 
is n a multiple ( #ajj1 su* am\nt %all  
be r\nd$ to ! ne>e/ multiple ( #ajj4    
#ebc4 ,mat*+ paym5ts = qualifi$ small   
doll> contributions  7a7 ,9 g5]al ,!    
,commission %all pay to ea* p>ticipat+  
c&idate an am\nt equal to #fjj p]c5t ( !
 am\nt ( qualifi$ small doll>           
contributions receiv$ by ! c&idate f    
individuals :o are resid5ts ( ! ,/ate 9 
:i* su* p>ticipat+ c&idate is seek+     
election aft] ! date on :i* su* c&idate 
is c]tifi$ "u section #eae4  7b7        
,limitation ,! aggregate paym5ts "u     
subsection 7a7 ) respect to any c&idate 
%all n exce$ ! great] (-- 7#a7 #djj     
p]c5t ( ! allocation su* c&idate is     
entitl$ to receive = su* election "u    
section #ebb 7det]m9$ )\t reg>d to      
subsection 7c77#e7 !re(72 or  7#b7 !    
p]c5tage ( su* allocation det]m9$ by !  
,commission "u section #eca4  7c7 ,"t ( 
paym5t ,! ,commission %all make paym5ts 

"u ?is section n lat] ?an #b bus9ess    
days aft] ! receipt ( a report made "u  
subsection 7d74  7d7 ,reports  7#a7 ,9  
g5]al ,ea* p>ticipat+ c&idate %all file 
reports ( receipts ( qualifi$ small     
doll> contributions at su* times & 9 su*
 mann] z ! ,commission may by           
regulations prescribe4  7#b7 ,cont5ts ( 
reports ,ea* report "u ?is subsection   
%all disclose-- 7,a7 ! am\nt ( ea*      
qualifi$ small doll> contribution       
receiv$ by ! c&idate2  7,b7 ! am\nt (   
ea* qualifi$ small doll> contribution   
receiv$ by ! c&idate f a resid5t ( !    
,/ate 9 :i* ! c&idate is seek+ election2
 &  7,c7 ! "n1 address1 & occupation (  
ea* individual :o made a qualifi$ small 
doll> contribution to ! c&idate4  7#c7  
,frequ5cy ( reports ,reports "u ?is     
subsection %all be made no m frequ5tly  
?an-- 7,a7 once e mon? until ! date t is
 #ij days be=e ! date ( ! election2     
7,b7 once e week aft] ! p]iod describ$ 9
 subp>agraph 7,a7 & until ! date t is   
#ba days be=e ! election2 &  7,c7 once e

 day aft] ! p]iod describ$ 9 subp>agraph
 7,b74  7#d7 ,limitation on regulations 
,! ,commission may n prescribe any      
regulations ) respect to report+ "u ?is 
subsection ) respect to any election    
aft] ! date t is #ahj days be=e ! date (
 su* election4  7e7 ,appeals ,!         
,commission %all provide a writt5       
explanation ) respect to any d5ial ( any
 paym5t "u ?is section & %all provide ! 
opportunity = review & reconsid]ation )9
 #e bus9ess days ( su* d5ial4  #ebd4    
,political adv]tis+ v\*]s  7a7 ,9 g5]al 
,! ,commission %all e/abli% & adm9i/] a 
v\*] program = ! pur*ase ( airtime on   
broadca/+ /ations = political           
adv]tisem5ts 9 accordance ) ! provisions
 ( ?is section4  7b7 ,c&idates ,!       
,commission %all only disburse v\*]s "u 
! program e/abli%$ "u subsection 7a7 to 
p>ticipants c]tifi$ pursuant to section 
#eae :o h agre$ 9 writ+ to keep & furni%
 to ! ,commission su* records1 books1 & 
o!r in=mation z x may require4  7c7     
,am\nts ,! ,commission %all disburse    

v\*]s to ea* c&idate c]tifi$ "u         
subsection 7b7 9 an aggregate am\nt     
equal to ! great] (-- 7#a7 #ajj1jjj     
multipli$ by ! numb] ( congressional    
di/ricts 9 ! ,/ate ) respect to :i* su* 
c&idate is runn+ = (fice2 or  7#b7 !    
am\nt det]m9$ by ! ,commission "u       
section #eca4  7d7 ,use  7#a7 ,exclusive
 use ,v\*]s disburs$ by ! ,commission "u
 ?is section may be us$ only = ! pur*ase
 ( broadca/ airtime = political         
adv]tisem5ts relat+ to a g5]al election 
= ! (fice ( ,s5ate by ! p>ticipat+      
c&idate to :i* ! v\*]s 7 disburs$1      
except t-- 7,a7 a c&idate may ex*ange   
v\*]s ) a political p>ty "u p>agraph    
7#b72 &  7,b7 a political p>ty may use  
v\*]s only to pur*ase broadca/ airtime =
 political adv]tisem5ts = g5]ic p>ty    
adv]tis+ 7z def9$ by ! ,commission 9    
regulations71 to support c&idates =     
,/ate or local (fice 9 a g5]al election1
 or to support p>ticipat+ c&idates ( !  
p>ty 9 a g5]al election = ,f$]al (fice1 
b only if x discloses ! value ( ! v\*]  

us$ z an exp5diture "u section #cae7;d74
  7#b7 ,ex*ange ) political p>ty        
committee  7,a7 ,9 g5]al ,a p>ticipat+  
c&idate :o receives a v\*] "u ?is       
section may transf] ! "r to use all or a
 portion ( ! value ( ! v\*] to a        
committee ( ! political p>ty ( :i* !    
individual is a c&idate 7or1 9 ! case ( 
a p>ticipat+ c&idate :o is n a memb] (  
any political p>ty1 to a committee ( !  
political p>ty ( t c&idate's *oice7 9   
ex*ange = money 9 an am\nt equal to !   
ca% value ( ! v\*] or portion ex*ang$4  
7,b7 ,cont9uation ( c&idate obligations 
,! transf] ( a v\*]1 9 :ole or 9 "p1 to 
a political p>ty committee "u ?is       
p>agraph does n release ! c&idate f any 
obligation "u ! agreem5t made "u        
subsection 7b7 or o!rwise modify t      
agreem5t or its application to t        
c&idate4  7,c7 ,p>ty committee          
obligations ,any political p>ty         
committee to :i* a v\*] or portion !re( 
is transf]r$ "u subp>agraph 7,a7-- 7i7  
%all acc\nt fully1 9 accordance ) su*   

requirem5ts z ! ,commission may e/abli%1
 = ! receipt ( ! v\*]2 &  7ii7 may n use
 ! transf]r$ v\*] or portion !re( = any 
purpose o!r ?an a purpose describ$ 9    
p>agraph 7#a77;,b74  7,d7 ,v\*] z a     
contribution "u ,,feca ,if a c&idate    
transf]s a v\*] or any portion !re( to a
 political p>ty committee "u subp>agraph
 7,a7-- 7i7 ! value ( ! v\*] or portion 
!re( transf]r$ %all be treat$ z a       
contribution f ! c&idate to ! committee1
 & f ! committee to ! c&idate1 =        
purposes ( sections #cjb & #cjd2  7ii7 !
 committee may1 9 ex*ange1 provide to ! 
c&idate only funds subject to !         
prohibitions1 limitations1 & report+    
requirem5ts ( title ,,iii ( ?is ,act2 & 
7iii7 ! am\nt1 if id5tifi$ z a v\*]     
ex*ange1 %all n be consid]$ a           
contribution = ! purposes ( sections    
#cae & #eac4  7e7 ,value2 acceptance2   
r$emption  7#a7 ,v\*] ,ea* v\*] disburs$
 by ! ,commission "u ?is section %all h 
a value 9 doll>s1 r$eemable ^u          
pres5tation to ! ,commission1 toge!r )  

su* docum5tation & o!r in=mation z !    
,commission may require1 = ! pur*ase (  
broadca/ airtime = political            
adv]tisem5ts 9 accordance ) ?is section4
  7#b7 ,acceptance ,a broadca/+ /ation  
%all accept v\*]s 9 paym5t = ! pur*ase (
 broadca/ airtime = political           
adv]tisem5ts 9 accordance ) ?is section4
  7#c7 ,r$emption ,! ,commission %all   
r$eem v\*]s accept$ by broadca/+ /ations
 "u p>agraph 7#b7 ^u pres5tation1       
subject to su* docum5tation1            
v]ification1 acc\nt+1 & application     
requirem5ts z ! ,commission may impose  
to ensure ! accuracy & integrity ( !    
v\*] r$emption sy/em4  7#d7 ,expiration 
7,a7 ,c&idates ,a v\*] may only be us$  
to pay = broadca/ airtime = political   
adv]tisem5ts to be broadca/ be=e        
midnight on ! day be=e ! date ( ! ,f$]al
 election 9 connection ) :i* x 0 issu$ &
 %all be null & void = any o!r use or   
purpose4  7,b7 ,exception = political   
p>ty committees ,a v\*] held by a       
political p>ty committee may be us$ to  

pay = broadca/ airtime = political      
adv]tisem5ts to be broadca/ be=e        
midnight on ,decemb] #ca/ ( ! odd-numb]$
 ye> foll[+ ! ye> 9 :i* ! v\*] 0 issu$  
by ! ,commission4  7#e7 ,v\*] z         
exp5diture "u feca ,! use ( a v\*] to   
pur*ase broadca/ airtime con/itutes an  
exp5diture z def9$ 9 section            
#cja7i77;,a74  7f7 ,def9itions ,9 ?is   
section3 7#a7 ,broadca/+ /ation ,! t]m  
broadca/+ /ation has ! mean+ giv5 t t]m 
by section #cae7;f77#a7 ( !             
,communications ,act ( #aicd4  7#b7     
,political p>ty ,! t]m political p>ty   
means a major p>ty or a m9or p>ty z     
def9$ 9 section #ijjb 7#c7 or 7#d7 ( !  
,int]nal ,rev5ue ,code ( #aihf 7#bf     
,u4,s4,c4 #ijjb 7#c7 or 7#d774  ,d      
,adm9i/rative provisions  #eca4 ,fair   
,elections ,ov]sight ,bo>d  7a7         
,e/abli%m5t ,!re is e/abli%$ )9 ! ,f$]al
 ,election ,commission an entity to be  
kn[n z ! ,fair ,elections ,ov]sight     
,bo>d4  7b7 ,/ructure & memb]%ip  7#a7  
,9 g5]al ,! ,bo>d %all be compos$ ( #e  

memb]s appo9t$ by ! ,presid5t by & ) !  
advice & cons5t ( ! ,s5ate1 ( :om-- 7,a7
 #b %all be appo9t$ aft] consultation ) 
! majority lead] ( ! ,s5ate2  7,b7 #b   
%all be appo9t$ aft] consultation ) !   
m9ority lead] ( ! ,s5ate2 &  7,c7 #a    
%all be appo9t$ ^u ! recomm5dation ( !  
memb]s appo9t$ "u subp>agraphs 7,a7 &   
7,b74  7#b7 ,qualifications  7,a7 ,9    
g5]al ,! memb]s %all be individuals :o  
are nonp>tisan &1 by reason ( _!        
education1 exp]i5ce1 & atta9m5ts1       
exceptionally qualifi$ to p]=m ! duties 
( memb]s ( ! ,bo>d4  7,b7 ,prohibition  
,no memb] ( ! ,bo>d may be-- 7i7 an     
employee ( ! ,f$]al ,gov]nm5t2  7ii7 a  
regi/]$ lobbyi/2 or  7iii7 an (fic] or  
employee ( a political p>ty or political
 campaign4  7#c7 ,date ,memb]s ( ! ,bo>d
 %all be appo9t$ n lat] ?an #fj days    
aft] ! date ( ! enactm5t ( ?is ,act4    
7#d7 ,t]ms ,a memb] ( ! ,bo>d %all be   
appo9t$ = a t]m ( #e ye>s4  7#e7        
,vacancies ,a vacancy on ! ,bo>d %all be
 fill$ n lat] ?an #cj cal5d> days aft] !

 date on :i* ! ,bo>d is giv5 notice ( ! 
vacancy1 9 ! same mann] z ! orig9al     
appo9tm5t4 ,! individual appo9t$ to fill
 ! vacancy %all s]ve only = ! unexpir$  
portion ( ! t]m = :i* ! individual's    
pr$ecessor 0 appo9t$4  7#f7 ,*airp]son  
,! ,bo>d %all designate a ,*airp]son f  
among ! memb]s ( ! ,bo>d4  7c7 ,duties &
 p[]s  7#a7 ,adm9i/ration  7,a7 ,9 g5]al
 ,! ,bo>d %all h su* duties & p[]s z !  
,commission may prescribe1 includ+ ! p[]
 to adm9i/] ! provisions ( ?is title4   
7#b7 ,review ( fair elections f9anc+    
7,a7 ,9 g5]al ,aft] ea* g5]al election =
 ,f$]al (fice1 ! ,bo>d %all conduct a   
compreh5sive review ( ! ,fair ,elections
 f9anc+ program "u ?is title1 includ+-- 
7i7 ! maximum doll> am\nt ( qualifi$    
small doll> contributions "u section    
#eja7aa72  7ii7 ! maximum & m9imum doll>
 am\nts = qualify+ contributions "u     
section #eja7aj72  7iii7 ! numb] & value
 ( qualify+ contributions a c&idate is  
requir$ to obta9 "u section #eab to     
qualify = allocations f ! ,fund2  7iv7 !

 am\nt ( allocations f ! ,fund t        
c&idates may receive "u section #ebb2   
7v7 ! maximum am\nt ( mat*+             
contributions a c&idate may receive "u  
section #ebc2  7vi7 ! am\nt & usage (   
v\*]s "u section #ebd2  7vii7 ! ov]all  
satisfaction ( p>ticipat+ c&idates & !  
,am]ican public ) ! program2 &  7viii7  
su* o!r matt]s relat+ to f9anc+ ( ,s5ate
 campaigns z ! ,bo>d det]m9es are       
appropriate4  7,b7 ,crit]ia = review ,9 
conduct+ ! review "u subp>agraph 7,a71 !
 ,bo>d %all consid] ! foll[+3 7i7       
,qualify+ contributions & qualifi$ small
 doll> contributions ,! ,bo>d %all      
consid] :e!r ! numb] & doll> am\nt (    
qualify+ contributions requir$ & maximum
 doll> am\nt = su* qualify+             
contributions & qualifi$ small doll>    
contributions /rikes a balance reg>d+ ! 
importance ( vot] involvem5t1 ! ne$ to  
assure adequate inc5tives = p>ticipat+1 
& fiscal responsibility1 tak+ into      
consid]ation ! numb] ( prim>y & g5]al   
election p>ticipat+ c&idates1 !         

electoral p]=mance ( ^? c&idates1       
program co/1 & any o!r in=mation ! ,bo>d
 det]m9es is appropriate4  7ii7 ,review 
( program b5efits ,! ,bo>d %all consid] 
:e!r ! totality ( ! am\nt ( funds all[$ 
to be rais$ by p>ticipat+ c&idates      
7includ+ ?r\gh qualify+ contributions & 
small doll> contributions71 allocations 
f ! ,fund "u section #ebb1 mat*+        
contributions "u section #ebc1 & v\*]s  
"u section #ebd are suffici5t = vot]s 9 
ea* ,/ate to le>n ab\t ! c&idates to ca/
 an in=m$ vote1 tak+ into acc\nt !      
hi/oric am\nt ( sp5d+ by w9n+ c&idates1 
m$ia co/s1 prim>y election dates1 & any 
o!r in=mation ! ,bo>d det]m9es is       
appropriate4  7,c7 ,adju/m5t ( am\nts   
7i7 ,9 g5]al ,bas$ on ! review conduct$ 
"u subp>agraph 7,a71 ! ,bo>d %all       
provide = ! adju/m5ts ( ! foll[+ am\nts3
 7,i7 ! maximum doll> am\nt ( qualifi$  
small doll> contributions "u section    
#eja7aa77;,c72  7,,ii7 ! maximum &      
m9imum doll> am\nts = qualify+          
contributions "u section #eja7aj77;,a72 

7,,iii7 ! numb] & value ( qualify+      
contributions a c&idate is requir$ to   
obta9 "u section #eab7;a77#a72  7,,iv7 !
 base am\nt = c&idates "u section       
#ebb7;d72  7,v7 ! maximum am\nt ( mat*+ 
contributions a c&idate may receive "u  
section #ebc7;b72 &  7,,vi7 ! doll>     
am\nt = v\*]s "u section #ebd7;c74  7ii7
 ,regulations ,! ,commission %all       
promulgate regulations provid+ = !      
adju/m5ts made by ! ,bo>d "u clause 7i74
  7,d7 ,report ,n lat] ?an ,m>* #cj     
foll[+ any g5]al election = ,f$]al      
(fice1 ! ,bo>d %all submit a report to  
,congress on ! review conduct$ "u       
p>agraph 7#a74 ,su* report %all conta9 a
 detail$ /atem5t ( ! f9d+s1 conclusions1
 & recomm5dations ( ! ,bo>d bas$ on su* 
review4  7d7 ,meet+s & he>+s  7#a7      
,meet+s ,! ,bo>d may hold su* he>+s1 sit
 & act at su* times & places1 take su*  
te/imony1 & receive su* evid5ce z !     
,bo>d consid]s advisable to c>ry out !  
purposes ( ?is ,act4  7#b7 ,quorum ,?ree
 memb]s ( ! ,bo>d %all con/itute a      

quorum = purposes ( vot+1 b a quorum is 
n requir$ = memb]s to meet & hold he>+s4
  7e7 ,reports ,n lat] ?an ,m>* #cj1    
#bjag1 & e #b ye>s !reaft]1 ! ,bo>d %all
 submit to ! ,s5ate ,committee on ,rules
 & ,adm9i/ration a report docum5t+1     
evaluat+1 & mak+ recomm5dations relat+  
to ! adm9i/rative implem5tation &       
en=cem5t ( ! provisions ( ?is title4    
7f7 ,adm9i/ration  7#a7 ,comp5sation (  
memb]s  7,a7 ,9 g5]al ,ea* memb]1 o!r   
?an ! ,*airp]son1 %all be paid at a rate
 equal to ! daily equival5t ( ! m9imum  
annual rate ( basic pay prescrib$ =     
level ,,iv ( ! ,executive ,s*$ule "u    
section #ecae ( title #e1 ,unit$ ,/ates 
,code4  7,b7 ,*airp]son ,! ,*airp]son   
%all be paid at a rate equal to ! daily 
equival5t ( ! m9imum annual rate ( basic
 pay prescrib$ = level ,,iii ( !        
,executive ,s*$ule "u section #ecad (   
title #e1 ,unit$ ,/ates ,code4  7#b7    
,p]sonnel  7,a7 ,director ,! ,bo>d %all 
h a /aff head$ by an ,executive         
,director4 ,! ,executive ,director %all 

be paid at a rate equival5t to a rate   
e/abli%$ = ! ,s5ior ,executive ,s]vice  
"u section #echb ( title #e1 ,unit$     
,/ates ,code4  7,b7 ,/aff appo9tm5t ,) !
 approval ( ! ,*airp]son1 ! ,executive  
,director may appo9t su* p]sonnel z !   
,executive ,director & ! ,bo>d det]m9es 
to be appropriate4  7,c7 ,actu>ial      
exp]ts & consultants ,) ! approval ( !  
,*airp]son1 ! ,executive ,director may  
procure tempor>y & int]mitt5t s]vices "u
 section #caji7;b7 ( title #e1 ,unit$   
,/ates ,code4  7,d7 ,detail ( gov]nm5t  
employees ,^u ! reque/ ( ! ,*airp]son1 !
 head ( any ,f$]al ag5cy may detail1 )\t
 reimbursem5t1 any ( ! p]sonnel ( su*   
ag5cy to ! ,bo>d to assi/ 9 c>ry+ out ! 
duties ( ! ,bo>d4 ,any su* detail %all n
 int]rupt or o!rwise affect ! civil     
s]vice /atus or privileges ( ! ,f$]al   
employee4  7,e7 ,o!r res\rces ,! ,bo>d  
%all h reasonable access to mat]ials1   
res\rces1 /ati/ical data1 & o!r         
in=mation f ! ,libr>y ( ,congress & o!r 
ag5cies ( ! executive & legislative     

bran*es ( ! ,f$]al ,gov]nm5t4 ,!        
,*airp]son ( ! ,bo>d %all make reque/s =
 su* access 9 writ+ :5 necess>y4  7g7   
,au?orization ( appropriations ,!re are 
au?oriz$ to be appropriat$ su* sums z   
are necess>y to c>ry out ! purposes (   
?is subtitle4  #ecb4 ,adm9i/ration      
provisions ,! ,commission %all prescribe
 regulations to c>ry out ! purposes (   
?is title1 includ+ regulations-- 7#a7 to
 e/abli% proc$ures =-- 7,a7 v]ify+ !    
am\nt ( valid qualify+ contributions )  
respect to a c&idate2  7,b7 effectively 
& effici5tly monitor+ & en=c+ ! limits  
on ! rais+ ( qualifi$ small doll>       
contributions2  7,c7 effectively &      
effici5tly monitor+ & en=c+ ! limits on 
! use ( p]sonal funds by p>ticipat+     
c&idates2  7,d7 monitor+ ! use (        
allocations f ! ,fund & mat*+           
contributions "u ?is title ?r\gh audits 
or o!r me*anisms2 &  7,e7 ! adm9i/ration
 ( ! v\*] program "u section #ebd2 &    
7#b7 reg>d+ ! conduct ( debates 9 a     
mann] consi/5t ) ! be/ practices (      

,/ates t provide public f9anc+ =        
elections4  #ecc4 ,violations & p5alties
  7a7 ,civil p5alty = violation (       
contribution & exp5diture requirem5ts   
,if a c&idate :o has be5 c]tifi$ z a    
p>ticipat+ c&idate "u section #eae7;a7  
accepts a contribution or makes an      
exp5diture t is prohibit$ "u section    
#eac1 ! ,commission %all assess a civil 
p5alty aga9/ ! c&idate 9 an am\nt t is n
 m ?an #c times ! am\nt ( ! contribution
 or exp5diture4 ,any am\nts collect$ "u 
?is subsection %all be deposit$ into !  
,fund4  7b7 ,repaym5t = improp] use (   
,fair ,elections ,fund  7#a7 ,9 g5]al   
,if ! ,commission det]m9es t any b5efit 
made available to a p>ticipat+ c&idate  
"u ?is title 0 n us$ z provid$ = 9 ?is  
title or t a p>ticipat+ c&idate has     
violat$ any ( ! dates = remission (     
funds conta9$ 9 ?is title1 ! ,commission
 %all s notify ! c&idate & ! c&idate    
%all pay to ! ,fund an am\nt equal to-- 
7,a7 ! am\nt ( b5efits s us$ or n       
remitt$1 z appropriate2 &  7,b7 int]e/  

on any su* am\nts 7at a rate det]m9$ by 
! ,commission74  7#b7 ,o!r action n     
preclud$ ,any action by ! ,commission 9 
accordance ) ?is subsection %all n      
preclude en=cem5t proce$+s by !         
,commission 9 accordance ) section      
#cji7;a71 includ+ a ref]ral by !        
,commission to ! ,attorney ,g5]al 9 !   
case ( an app>5t kn[+ & willful         
violation ( ?is title4  4  #ajc4        
,prohibition on jo9t fundrais+          
committees ,section #cjb7;e7 ( ! ,f$]al 
,election ,campaign ,act ( #aiga 7#b    
,u4,s4,c4 #dcb7;e77 is am5d$ by add+ at 
! end ! foll[+ new p>agraph3  7#f7 ,no  
au?oriz$ committee ( a p>ticipat+       
c&idate 7z def9$ 9 section #eja7 may    
e/abli% a jo9t fundrais+ committee ) a  
political committee o!r ?an an au?oriz$ 
committee ( a c&idate4  4  #ajd4        
,exception to limitation on coord9at$   
exp5ditures by political p>ty committees
 ) p>ticipat+ c&idates ,section #cae7;d7
 ( ! ,f$]al ,election ,campaign ,act (  
#aiga 7#b ,u4,s4,c4 #dda;a7d77 is       

am5d$-- 7#a7 9 p>agraph 7#c77;,a71 by   
/rik+ 9 ! case ( & ins]t+ except z      
provid$ 9 p>agraph 7#e71 9 ! case (2 &  
7#b7 by add+ at ! end ! foll[+ new      
p>agraph3  7#e7 7,a7 ,! limitation "u   
p>agraph 7#c77;,a7 %all n apply )       
respect to any exp5diture f a qualifi$  
political p>ty-p>ticipat+ c&idate       
coord9at$ exp5diture fund4  7,b7 ,9 ?is 
p>agraph1 ! t]m qualifi$ political      
p>ty-p>ticipat+ c&idate coord9at$       
exp5diture fund means a fund e/abli%$ by
 ! national committee ( a political     
p>ty1 or a ,/ate committee ( a political
 p>ty1 includ+ any subord9ate committee 
( a ,/ate committee1 = purposes ( mak+  
exp5ditures 9 connection ) ! g5]al      
election campaign ( a c&idate = election
 to ! (fice ( ,s5ator :o is a p>ticipat+
 c&idate 7z def9$ 9 section #eja71 t    
only accepts qualifi$ coord9at$         
exp5diture contributions4  7,c7 ,9 ?is  
p>agraph1 ! t]m qualifi$ coord9at$      
exp5diture contribution means1 ) respect
 to ! g5]al election campaign ( a       

c&idate = election to ! (fice ( ,s5ator 
:o is a p>ticipat+ c&idate 7z def9$ 9   
section #eja71 any contribution 7or     
s]ies ( contributions7-- 7i7 :i* is made
 by an individual :o is n prohibit$ f   
mak+ a contribution "u ?is ,act2 &  7ii7
 ! aggregate am\nt ( :i* does n exce$   
#ejj p] election4  4  ,,ii ,improv+ vot]
 in=mation  #bja4 ,broadca/s relat+ to  
all ,s5ate c&idates  7a7 ,l[e/ unit     
*>ge2 national committees ,section      
#cae7;b7 ( ! ,communications ,act (     
#aicd 7#dg ,u4,s4,c4 #cae7;b77 is       
am5d$-- 7#a7 by /rik+ to su* (fice 9    
p>agraph 7#a7 & ins]t+ to su* (fice1 or 
by a national committee ( a political   
p>ty on behalf ( su* c&idate 9          
connection ) su* campaign12 &  7#b7 by  
ins]t+ = pre-emptible use !re( aft]     
/ation 9 subp>agraph 7,a7 ( p>agraph    
7#a74  7b7 ,preemption2 audits ,section 
#cae ( su* ,act 7#dg ,u4,s4,c4 #cae7 is 
am5d$-- 7#a7 by r$esignat+ subsections  
7c7 & 7d7 z subsections 7e7 & 7f71      
respectively & mov+ !m to foll[ ! exi/+ 

subsection 7e72  7#b7 by r$esignat+ !   
exi/+ subsection 7e7 z subsection 7c72 &
  7#c7 by ins]t+ aft] subsection 7c7 7z 
r$esignat$ by p>agraph 7#b77 ! foll[+3  
7d7 ,preemption  7#a7 ,9 g5]al ,except z
 provid$ 9 p>agraph 7#b71 & not)/&+ !   
requirem5ts ( subsection 7b77#a77;,a71 a
 lic5see %all n preempt ! use ( a       
broadca/+ /ation by a legally qualifi$  
c&idate = ,s5ate :o has pur*as$ & paid =
 su* use4  7#b7 ,circum/ances beyond    
control ( lic5see ,if a program to be   
broadca/ by a broadca/+ /ation is       
preempt$ because ( circum/ances beyond !
 control ( ! /ation1 any c&idate or p>ty
 adv]tis+ spot s*$ul$ to be broadca/    
dur+ t program %all be treat$ 9 ! same  
fa%ion z a comp>able comm]cial adv]tis+ 
spot4  7e7 ,audits ,dur+ ! #cj-;day     
p]iod prec$+ a prim>y election & !      
#fj-;day p]iod prec$+ a g5]al election1 
! ,commission %all conduct su* audits z 
x deems necess>y to ensure t ea*        
broadca/] to :i* ?is section applies is 
allocat+ television broadca/ adv]tis+ "t

 9 accordance ) ?is section & section   
#cab4  4  7c7 ,revocation ( lic5se =    
failure ,to p]mit access ,section       
#cab7;a77#g7 ( ! ,communications ,act ( 
#aicd 7#dg ,u4,s4,c4 #cab7;a77#g77 is   
am5d$-- 7#a7 by /rik+ or repeat$2  7#b7 
by ins]t+ or cable sy/em aft] broadca/+ 
/ation2 &  7#c7 by /rik+ 8 c&idacy &    
ins]t+ ! c&idacy ( ! c&idate1 "u ! same 
t]ms1 conditions1 & bus9ess practices z 
apply to ! mo/ favor$ adv]tis] ( !      
lic5see4  7d7 ,/yli/ic am5dm5ts ,section
 #cae ( su* ,act 7#dg ,u4,s4,c4 #cae7 is
 am5d$-- 7#a7 by /rik+ ! 9 subsection   
7e77#a71 z r$esignat$ by subsection     
7b77#a71 & ins]t+ ,broadca/+ /ation4--2 
7#b7 by /rik+ ! 9 subsection 7e77#b71 z 
r$esignat$ by subsection 7b77#a71 &     
ins]t+ ,lic5see2 /ation lic5see4--2 &   
7#c7 by ins]t+ ,regulations4-- 9        
subsection 7f71 z r$esignat$ by         
subsection 7b77#a71 be=e ,! ,commission4
  #bjb4 ,broadca/ rates = p>ticipat+    
c&idates ,section #cae7;b7 ( !          
,communications ,act ( #aicd 7#dg       

,u4,s4,c4 #cae7;b771 z am5d$ by         
subsection 7a71 is am5d$-- 7#a7 9       
p>agraph 7#a77;,a71 by /rik+ p>agraph   
7#b7 & ins]t+ p>agraphs 7#b7 & 7#c72 &  
7#b7 by add+ at ! end ! foll[+3  7#c7   
,p>ticipat+ c&idates ,9 ! case ( a      
p>ticipat+ c&idate 7z def9$ "u section  
#eja7i7 ( ! ,f$]al ,election ,campaign  
,act ( #aiga71 ! *>ges made = ! use (   
any broadca/+ /ation = a television     
broadca/ %all n exce$ #hj p]c5t ( ! l[e/
 *>ge describ$ 9 p>agraph 7#a77;,a7     
dur+-- 7,a7 ! #de days prec$+ ! date ( a
 prim>y or prim>y run(f election 9 :i* !
 c&idate is oppos$2 &  7,b7 ! #fj days  
prec$+ ! date ( a g5]al or special      
election 9 :i* ! c&idate is oppos$4     
7#d7 ,rate c>ds ,a lic5see %all provide 
to a c&idate = ,s5ate a rate c>d t      
discloses-- 7,a7 ! rate *>g$ "u ?is     
subsection2 &  7,b7 ! me?od t ! lic5see 
uses to det]m9e ! rate *>g$ "u ?is      
subsection4  4  #bjc4 ,,fcc to prescribe
 /&>diz$ =m = report+ c&idate campaign  
ads  7a7 ,9 g5]al ,)9 #ij days aft] !   

date ( enactm5t ( ?is ,act1 ! ,f$]al    
,communications ,commission %all        
initiate a rulemak+ proce$+ to e/abli% a
 /&>diz$ =m to be us$ by broadca/+      
/ations1 z def9$ 9 section #cae7;f77#a7 
( ! ,communications ,act ( #aicd 7#dg   
,u4,s4,c4 #cae7;f77#a771 to record &    
report ! pur*ase ( adv]tis+ "t by or on 
behalf ( a c&idate = nom9ation =        
election1 or = election1 to ,f$]al      
elective (fice4  7b7 ,cont5ts ,! =m     
prescrib$ by ! ,commission "u subsection
 7a7 %all require1 broadca/+ /ations to 
report to ! ,commission & to ! ,f$]al   
,election ,commission1 at a m9imum--    
7#a7 ! /ation call lett]s & mail+       
address2  7#b7 ! "n & telephone numb] ( 
! /ation's sales manag] 7or individual )
 responsibility = adv]tis+ sales72  7#c7
 ! "n ( ! c&idate :o pur*as$ ! adv]tis+ 
"t1 or on ^: behalf ! adv]tis+ "t 0     
pur*as$1 & ! ,f$]al elective (fice = :i*
 he or %e is a c&idate2  7#d7 ! "n1     
mail+ address1 & telephone numb] ( !    
p]son responsible = pur*as+ broadca/    

political adv]tis+ = ! c&idate2  7#e7   
notation z to :e!r ! pur*ase agreem5t = 
:i* ! in=mation is be+ report$ is a     
draft or f9al v]sion2 &  7#f7 ! foll[+  
in=mation ab\t ! adv]tisem5t3 7,a7 ,!   
date & "t ( ! broadca/4  7,b7 ,! program
 9 :i* ! adv]tisem5t 0 broadca/4  7,c7  
,! l5g? ( ! broadca/ airtime4  7c7      
,int]net access ,9 its rulemak+ "u      
subsection 7a71 ! ,commission %all      
require any broadca/+ /ation requir$ to 
file a report "u ?is section t ma9ta9s  
an ,int]net website to make available a 
l9k to su* reports on t website4  ,,iii 
,responsibilities ( ! ,f$]al ,election  
,commission  #cja4 ,petition = c]tior>i 
,section #cjg7;a77#f7 ( ! ,f$]al        
,election ,campaign ,act ( #aiga 7#b    
,u4,s4,c4 #dcg;d7a77#f77 is am5d$ by    
ins]t+ 7includ+ a proce$+ be=e !        
,supreme ,c\rt on c]tior>i7 aft] appeal4
  #cjb4 ,fil+ by ,s5ate c&idates )      
,commission ,section #cjb7;g7 ( ! ,f$]al
 ,election ,campaign ,act ( #aiga 7#b   
,u4,s4,c4 #dcb7;g77 is am5d$ to read z  

foll[s3  7g7 ,fil+ ) ! commission ,all  
designations1 /atem5ts1 & reports       
requir$ to be fil$ "u ?is ,act %all be  
fil$ ) ! ,commission4  4  #cjc4         
,electronic fil+ ( ,,fec reports        
,section #cjd7;a77#aa7 ( ! ,f$]al       
,election ,campaign ,act ( #aiga 7#b    
,u4,s4,c4 #dcd7;a77#aa77 is am5d$-- 7#a7
 9 subp>agraph 7,a71 by /rik+ "u ?is    
,act-- & all t foll[s & ins]t+ "u ?is   
,act %all be requir$ to ma9ta9 & file   
su* designation1 /atem5t1 or report 9   
electronic =m accessible by comput]s42  
7#b7 9 subp>agraph 7,b71 by /rik+ #dh   
h\rs & all t foll[s ?r\gh fil$          
electronically7 & ins]t+ #bd h\rs2 &    
7#c7 by /rik+ subp>agraph 7,d74  ,,iv   
,p>ticipation 9 ,fund+ ( ,elections     
#dja4 ,refundable tax cr$it = ,s5ate    
campaign contributions  7a7 ,9 g5]al    
,subp>t ,c ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf 7relat+ to refundable cr$its7 is  
am5d$ by ins]t+ aft] section #cf;,b !   
foll[+ new section3  #cf;,c4 ,cr$it =   

,s5ate campaign contributions  7a7 ,9   
g5]al ,9 ! case ( an individual1 !re    
%all be all[$ z a cr$it aga9/ ! tax     
impos$ by ?is subtitle an am\nt equal to
 #ej p]c5t ( ! qualifi$ ,my ,voice      
,f$]al ,s5ate campaign contributions    
paid or incurr$ by ! taxpay] dur+ !     
taxable ye>4  7b7 ,limitations  7#a7    
,doll> limitation ,! am\nt ( qualifi$   
,my ,voice ,f$]al ,s5ate campaign       
contributions tak5 into acc\nt "u       
subsection 7a7 = ! taxable ye> %all n   
exce$ #ej 7twice su* am\nt 9 ! case ( a 
jo9t return74  7#b7 ,limitation on      
contributions to ,f$]al ,s5ate c&idates 
,no cr$it %all be all[$ "u ?is section  
to any taxpay] = any taxable ye> if su* 
taxpay] made aggregate contributions 9  
excess ( #cjj dur+ ! taxable ye> to--   
7,a7 any s+le ,f$]al ,s5ate c&idate1 or 
7,b7 any political committee e/abli%$ & 
ma9ta9$ by a national political p>ty4   
7#c7 ,provision ( in=mation ,no cr$it   
%all be all[$ "u ?is section to any     
taxpay] unless ! taxpay] provides !     

,secret>y ) su* in=mation z ! ,secret>y 
may require to v]ify ! taxpay]'s        
eligibility = ! cr$it & ! am\nt ( !     
cr$it = ! taxpay]4  7c7 ,qualifi$ ,my   
,voice ,f$]al ,s5ate contributions ,=   
purposes ( ?is section1 ! t]m ,my ,voice
 ,f$]al ,s5ate campaign contribution    
means any contribution ( ca% by an      
individual to a ,f$]al ,s5ate c&idate or
 to a political committee e/abli%$ &    
ma9ta9$ by a national political p>ty if 
su* contribution is n prohibit$ "u !    
,f$]al ,election ,campaign ,act ( #aiga4
  7d7 ,f$]al ,s5ate c&idate ,= purposes 
( ?is section-- 7#a7 ,9 g5]al ,! t]m    
,f$]al ,s5ate c&idate means any c&idate 
= election to ! (fice ( ,s5ator4  7#b7  
,treatm5t ( au?oriz$ committees ,any    
contribution made to an au?oriz$        
committee ( a ,f$]al ,s5ate c&idate %all
 be treat$ z made to su* c&idate4  7e7  
,inflation adju/m5t  7#a7 ,9 g5]al ,9 ! 
case ( a taxable ye> beg9n+ aft] #bjag1 
! #ej am\nt "u subsection 7b77#a7 %all  
be increas$ by an am\nt equal to-- 7,a7 

su* doll> am\nt1 multipli$ by  7,b7 !   
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> 9 :i* !       
taxable ye> beg9s1 det]m9$ by sub/itut+ 
cal5d> ye> #bjaf = cal5d> ye> #aiib 9   
subp>agraph 7,b7 !re(4  7#b7 ,r\nd+ ,if 
any am\nt z adju/$ "u subp>agraph 7,a7  
is n a multiple ( #e1 su* am\nt %all be 
r\nd$ to ! ne>e/ multiple ( #e4  4  7b7 
,con=m+ am5dm5ts  7#a7 ,section         
#fbaa7;b77#d77;,a7 ( su* ,code is am5d$ 
by ins]t+ #cf;,c1 aft] #cf;,b14  7#b7   
,section #acbd7;b77#b7 ( title #ca1     
,unit$ ,/ates ,code1 is am5d$ by ins]t+ 
#cf;,c1 aft] #cf;,b14  7#c7 ,! table (  
sections = subp>t ,c ( "p ,,iv (        
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to section #cf;,b ! 
foll[+ new item3  ,sec4 #cf;,c4 ,cr$it =
 ,s5ate campaign contributions4  4  7c7 
,=ms ,! ,secret>y ( ! ,treasury1 or 8   
designee1 %all ensure t ! cr$it =       
contributions to ,f$]al ,s5ate c&idates 
all[$ "u section #cf;,c ( ! ,int]nal    

,rev5ue ,code ( #aihf1 z add$ by ?is    
section1 may be claim$ on ,=ms          
#ajdj;,,ez & #ajdj;,a4  7d7             
,adm9i/ration ,at ! reque/ ( ! ,secret>y
 ( ! ,treasury1 ! ,f$]al ,election      
,commission %all provide ! ,secret>y ( !
 ,treasury ) su* in=mation & o!r        
assi/ance z ! ,secret>y may reasonably  
require to adm9i/] ! cr$it all[$ "u     
section #cf;,c ( ! ,int]nal ,rev5ue     
,code ( #aihf1 z add$ by ?is section4   
7e7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjaf4  ,v    
,rev5ue provisions  #eja4 ,fair         
,elections ,fund rev5ue  7a7 ,9 g5]al ,!
 ,int]nal ,rev5ue ,code ( #aihf is am5d$
 by ins]t+ aft] *apt] #cf ! foll[+ new  
*apt]3  #cg ,tax on paym5ts pursuant to 
c]ta9 gov]nm5t contracts  ,sec4 #deja4  
,imposition ( tax4  #deja4 ,imposition (
 tax  7a7 ,tax impos$ ,!re is h]eby     
impos$ on any paym5t made to a qualifi$ 
p]son pursuant to a contract ) !        
,gov]nm5t ( ! ,unit$ ,/ates a tax equal 

to #j4ej p]c5t ( ! am\nt paid4  7b7     
,limitation ,! aggregate am\nt ( tax    
impos$ "u subsection 7a7 = any cal5d>   
ye> %all n exce$ #ejj1jjj4  7c7         
,qualifi$ p]son ,= purposes ( ?is       
section1 ! t]m qualifi$ p]son means any 
p]son :i*-- 7#a7 is n a ,/ate or local  
gov]nm5t1 a =eign nation1 or an         
organization describ$ 9 section         
#eja7;c77#c7 :i* is exempt f taxation "u
 section #eja7;a71 &  7#b7 has contracts
 ) ! ,gov]nm5t ( ! ,unit$ ,/ates ) a    
value 9 excess ( #aj1jjj1jjj4  7d7      
,paym5t ( tax ,! tax impos$ by ?is      
section %all be paid by ! p]son receiv+ 
su* paym5t4  7e7 ,use ( rev5ue g5]at$ by
 tax ,x is ! s5se ( ! ,s5ate t am\nts   
equival5t to ! rev5ue g5]at$ by ! tax   
impos$ "u ?is *apt] %\ld be appropriat$ 
= ! f9anc+ ( a ,fair ,elections ,fund & 
us$ = ! public f9anc+ ( ,s5ate          
elections4  4  7b7 ,con=m+ am5dm5t ,!   
table ( *apt]s ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by ins]t+ aft] ! 
item relat+ to *apt] #cf ! foll[+3      

,*apt] #cg--,tax on paym5ts pursuant to 
c]ta9 gov]nm5t contracts  4  7c7        
,effective date ,! am5dm5ts made by ?is 
section %all apply to contracts ent]$   
into aft] ! date ( ! enactm5t ( ?is     
,act4  ,,vi ,miscellane\s provisions    
#fja4 ,sev]ability ,if any provision (  
?is ,act or am5dm5t made by ?is ,act1 or
 ! application ( a provision or am5dm5t 
to any p]son or circum/ance1 is held to 
be uncon/itutional1 ! rema9d] ( ?is ,act
 & am5dm5ts made by ?is ,act1 & !       
application ( ! provisions & am5dm5t to 
any p]son or circum/ance1 %all n be     
affect$ by ! hold+4  #fjb4 ,effective   
date ,except z o!rwise provid$ = 9 ?is  
,act1 ?is ,act & ! am5dm5ts made by ?is 
,act %all take effect on ,janu>y #a1    
#bjag4