,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #djec  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #be1 #bjai,mr4  
,price ( ,nor? ,c>ol9a introduc$ !      
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,h\se ,adm9i/ration1 & 9  
addition to ! ,committees on !          
,judici>y1 & ,ways & ,means1 = a p]iod  
to be subsequ5tly det]m9$ by ! ,speak]1 
9 ea* case = consid]ation ( su*         
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to am5d  
*apt]s #ie & #if ( ! ,int]nal ,rev5ue   
,code ( #aihf to re=m ! sy/em ( public  
f9anc+ = ,presid5tial election          
campaigns1 & = o!r purposes4  #a4 ,%ort 
title2 table ( cont5ts  7a7 ,%ort title 
,?is ,act may be cit$ z ! ,emp[] ,act ( 
#bjai4  7b7 ,table ( cont5ts ,! table ( 
cont5ts ( ?is ,act is z foll[s3  ,sec4  
#a4 ,%ort title2 table ( cont5ts4 ,title
 ,i--,prim>y ,elections ,sec4 #aja4     
,increase 9 & modifications to mat*+    
paym5ts4 ,sec4 #ajb4 ,eligibility       
requirem5ts = mat*+ paym5ts4 ,sec4 #ajc4

 ,repeal ( exp5diture limitations4 ,sec4
 #ajd4 ,p]iod ( availability ( mat*+    
paym5ts4 ,sec4 #aje4 ,exam9ation &      
audits ( mat*able contributions4 ,sec4  
#ajf4 ,modification to limitation on    
contributions = ,presid5tial prim>y     
c&idates4 ,sec4 #ajg4 ,use ( ,fre$om ,f 
,influ5ce ,fund z s\rce ( paym5ts4      
,title ,,ii--,g5]al ,elections ,sec4    
#bja4 ,modification ( eligibility       
requirem5ts = public f9anc+4 ,sec4 #bjb4
 ,repeal ( exp5diture limitations & use 
( qualifi$ campaign contributions4 ,sec4
 #bjc4 ,mat*+ paym5ts & o!r             
modifications to paym5t am\nts4 ,sec4   
#bjd4 ,increase 9 limit on coord9at$    
p>ty exp5ditures4 ,sec4 #bje4           
,e/abli%m5t ( uni=m date = release (    
paym5ts4 ,sec4 #bjf4 ,am\nts 9          
,presid5tial ,election ,campaign ,fund4 
,sec4 #bjg4 ,use ( g5]al election       
paym5ts = g5]al election legal & acc\nt+
 compliance4 ,sec4 #bjh4 ,use ( ,fre$om 
,f ,influ5ce ,fund z s\rce ( paym5ts4   
,title ,,iii--,fre$om ,f ,influ5ce ,fund

 ,sec4 #cja4 ,fre$om ,f ,influ5ce ,fund4
 ,sec4 #cjb4 ,assessm5ts aga9/ f9es &   
p5alties4 ,title ,,iv--,o!r ,campaign   
,f9ance ,re=ms ,sec4 #dja4 ,rules relat+
 to jo9t fundrais+ committees4 ,sec4    
#djb4 ,repeal ( special contribution    
limits = contributions to national      
p>ties = c]ta9 purposes4 ,title         
,v--,effective ,date ,sec4 #eja4        
,effective date4  ,i ,prim>y ,elections 
#aja4 ,increase 9 & modifications to    
mat*+ paym5ts  7a7 ,increase &          
modification  7#a7 ,9 g5]al ,! fir/     
s5t5ce ( section #ijcd7;a7 ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$-- 7,a7 by
 /rik+ an am\nt equal to ! am\nt ( ea*  
contribution & ins]t+ an am\nt equal to 
#fjj p]c5t ( ! am\nt ( ea* mat*able     
contribution 7disreg>d+ any am\nt (     
contributions f any p]son to ! ext5t t !
 total ( ! am\nts contribut$ by su*     
p]son = ! election exce$s #bjj72 &  7,b7
 by /rik+ au?oriz$ committees & all t   
foll[s ?r\gh #bej & ins]t+ au?oriz$     
committees4  7#b7 ,mat*able             

contributions ,section #ijcd ( su* ,code
 is am5d$--  7,a7 by /rik+ ! la/ s5t5ce 
( subsection 7a72 &  7,b7 by add+ at !  
end ! foll[+ new subsection3  7c7       
,mat*able contribution def9$ ,= purposes
 ( ?is section & section #ijcc7;b7--    
7#a7 ,mat*able contribution ,! t]m      
mat*able contribution means1 ) respect  
to ! nom9ation = election to ! (fice (  
,presid5t ( ! ,unit$ ,/ates1 a          
contribution by an individual to a      
c&idate or an au?oriz$ committee ( a    
c&idate ) respect to :i* ! c&idate has  
c]tifi$ 9 writ+ t--  7,a7 ! individual  
mak+ su* contribution has n made        
aggregate contributions 7includ+ su*    
mat*able contribution7 to su* c&idate & 
! au?oriz$ committees ( su* c&idate 9   
excess ( #a1jjj = ! election2  7,b7 su* 
c&idate & ! au?oriz$ committees ( su*   
c&idate w n accept contributions f su*  
individual 7includ+ su* mat*able        
contribution7 aggregat+ m ?an ! am\nt   
describ$ 9 subp>agraph 7,a72 &  7,c7 su*
 contribution 0 a direct contribution4  

7#b7 ,contribution ,= purposes ( ?is    
subsection1 ! t]m contribution means a  
gift ( money made by a writt5 in/rum5t  
:i* id5tifies ! individual mak+ !       
contribution by full "n & mail+ address1
 b does n include a subscription1 loan1 
advance1 or deposit ( money1 or any?+ ( 
value or any?+ describ$ 9 subp>agraph   
7,b71 7,c71 or 7,d7 ( section #ijcb7d74 
7#c7 ,direct contribution  7,a7 ,9 g5]al
 ,= purposes ( ?is subsection1 ! t]m    
direct contribution means1 ) respect to 
a c&idate1 a contribution :i* is made   
directly by an individual to ! c&idate  
or an au?oriz$ committee ( ! c&idate &  
is n--  7i7 =w>d$ f ! individual mak+ ! 
contribution to ! c&idate or committee  
by ano!r p]son2 or  7ii7 receiv$ by !   
c&idate or committee ) ! k t !          
contribution 0 made at ! reque/1        
sugge/ion1 or recomm5dation ( ano!r     
p]son4  7,b7 ,o!r def9itions ,9         
subp>agraph 7,a7-- 7i7 ! t]m p]son does 
n include an individual 7o!r ?an an     
individual describ$ 9 section           

#cjd7;i77#g7 ( ! ,f$]al ,election       
,campaign ,act ( #aiga71 a political    
committee ( a political p>ty1 or any    
political committee :i* is n a sep>ate  
segregat$ fund describ$ 9 section       
#caf7;b7 ( ! ,f$]al ,election ,campaign 
,act ( #aiga & :i* does n make          
contributions or indep5d5t exp5ditures1 
does n engage 9 lobby+ activity "u !    
,lobby+ ,disclosure ,act ( #aiie 7#b    
,u4,s4,c4 #afja et seq471 & is n        
e/abli%$ by1 controll$ by1 or affiliat$ 
) a regi/]$ lobbyi/ "u su* ,act1 an ag5t
 ( a regi/]$ lobbyi/ "u su* ,act1 or an 
organization :i* reta9s or employs a    
regi/]$ lobbyi/ "u su* ,act2 &  7ii7 a  
contribution is n made at ! reque/1     
sugge/ion1 or recomm5dation ( ano!r     
p]son solely on ! gr\nds t !            
contribution is made 9 response to      
in=mation provid$ to ! individual mak+ !
 contribution by any p]son1 s long z !  
c&idate or au?oriz$ committee does n "k 
! id5tity ( ! p]son :o provid$ !        
in=mation to su* individual4  4  7#c7   

,con=m+ am5dm5ts  7,a7 ,section #ijcb7d7
 ( su* ,code is am5d$ by /rik+ section  
#ijcd7;a7 & ins]t+ section #ijcd4  7,b7 
,section #ijcc7;b77#c7 ( su* ,code is   
am5d$ by /rik+ mat*+ contributions &    
ins]t+ mat*able contributions4  7b7     
,modification ( paym5t limitation       
,section #ijcd7;b7 ( su* ,code is       
am5d$-- 7#a7 by /rik+ ,! total & ins]t+ 
! foll[+3  7#a7 ,9 g5]al ,! total  2    
7#b7 by /rik+ %all n exce$ & all t      
foll[s & ins]t+ %all n exce$            
#bej1jjj1jjj42 &  7#c7 by add+ at ! end 
! foll[+ new p>agraph3  7#b7 ,inflation 
adju/m5t  7,a7 ,9 g5]al ,9 ! case ( any 
applicable p]iod beg9n+ aft] #bjbi1 !   
doll> am\nt 9 p>agraph 7#a7 %all be     
increas$ by an am\nt equal to--  7i7 su*
 doll> am\nt1 multipli$ by  7ii7 !      
co/-(-liv+ adju/m5t det]m9$ "u section  
#a7;f77#c7 = ! cal5d> ye> foll[+ ! ye>  
:i* su* applicable p]iod beg9s1 det]m9$ 
by sub/itut+ cal5d> ye> #bjbh = cal5d>  
ye> #aiib 9 subp>agraph 7,b7 !re(4  7,b7
 ,applicable p]iod ,= purposes ( ?is    

p>agraph1 ! t]m applicable p]iod means !
 #d-ye> p]iod beg9n+ ) ! fir/ day foll[+
 ! date ( ! g5]al election = ! (fice (  
,presid5t & end+ on ! date ( ! next su* 
g5]al election4  7,c7 ,r\nd+ ,if any    
am\nt z adju/$ "u subp>agraph 7#a7 is n 
a multiple ( #aj1jjj1 su* am\nt %all be 
r\nd$ to ! ne>e/ multiple ( #aj1jjj4  4 
#ajb4 ,eligibility requirem5ts = mat*+  
paym5ts  7a7 ,am\nt ( aggregate         
contributions p] ,/ate2 disreg>d+ (     
am\nts contribut$ 9 excess ( #bjj       
,section #ijcc7;b77#c7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$-- 7#a7 by
 /rik+ #e1jjj & ins]t+ #be1jjj2 &  7#b7 
by /rik+ #bj ,/ates & ins]t+ ! foll[+3  
#bj ,/ates 7disreg>d+ any am\nt (       
contributions f any su* resid5t to !    
ext5t t ! total ( ! am\nts contribut$ by
 su* resid5t = ! election exce$s #bjj74 
7b7 ,contribution limit  7#a7 ,9 g5]al  
,p>agraph 7#d7 ( section #ijcc7;b7 ( su*
 ,code is am5d$ to read z foll[s3  7#d7 
! c&idate & ! au?oriz$ committees ( !   
c&idate w n accept aggregate            

contributions f any p]son ) respect to !
 nom9ation = election to ! (fice (      
,presid5t ( ! ,unit$ ,/ates 9 excess (  
#a1jjj = ! election4  4  7#b7 ,con=m+   
am5dm5ts  7,a7 ,section #ijcc7;b7 ( su* 
,code is am5d$ by add+ at ! end ! foll[+
 new flu% s5t5ce3 ,= purposes ( p>agraph
 7#d71 ! t]m contribution has ! mean+   
giv5 su* t]m 9 section #cja7h7 ( !      
,f$]al ,election ,campaign ,act ( #aiga4
 4  7,b7 ,section #ijcb7d7 ( su* ,code1 
z am5d$ by section #aja7;a77#c77;,a71 is
 am5d$ by ins]t+ or #ijcc7;b7 aft]      
#ijcd4  7c7 ,p>ticipation 9 sy/em =     
paym5ts = g5]al election ,section       
#ijcc7;b7 ( su* ,code is am5d$-- 7#a7 by
 /rik+ & at ! end ( p>agraph 7#c72  7#b7
 by /rik+ ! p]iod at ! end ( p>agraph   
7#d7 & ins]t+ 1 &2 &  7#c7 by ins]t+    
aft] p>agraph 7#d7 ! foll[+ new         
p>agraph3  7#e7 if ! c&idate is nom9at$ 
by a political p>ty = election to !     
(fice ( ,presid5t1 ! c&idate w apply = &
 accept paym5ts ) respect to ! g5]al    
election = su* (fice 9 accordance )     

*apt] #ie4  4  7d7 ,prohibition on jo9t 
fundrais+ committees ,section #ijcc7;b7 
( su* ,code1 z am5d$ by subsection 7c71 
is am5d$-- 7#a7 by /rik+ & at ! end (   
p>agraph 7#d72  7#b7 by /rik+ ! p]iod at
 ! end ( p>agraph 7#e7 & ins]t+ 2 &2 &  
7#c7 by ins]t+ aft] p>agraph 7#e7 !     
foll[+ new p>agraph3  7#f7 ! c&idate w n
 e/abli% a jo9t fundrais+ committee ) a 
political committee o!r ?an ano!r       
au?oriz$ committee ( ! c&idate1 except t
 if ! c&idate e/abli%$ a jo9t fundrais+ 
committee ) respect to a prior election 
= :i* ! c&idate 0 n eligible to receive 
paym5ts "u section #ijcg & ! c&idate    
does n t]m9ate ! committee1 ! c&idate   
%all n be consid]$ to be 9 violation (  
?is p>agraph s long z t jo9t fundrais+  
committee does n receive any            
contributions or make any disbursem5ts  
dur+ ! election cycle = :i* ! c&idate is
 eligible to receive paym5ts "u su*     
section4  4  #ajc4 ,repeal ( exp5diture 
limitations  7a7 ,9 g5]al ,subsection   
7a7 ( section #ijce ( ! ,int]nal ,rev5ue

 ,code ( #aihf is am5d$ to read z       
foll[s3  7a7 ,p]sonal exp5diture        
limitation ,no c&idate %all kn[+ly make 
exp5ditures f 8 p]sonal funds1 or !     
p]sonal funds ( 8 imm$iate family1 9    
connection ) 8 campaign = nom9ation =   
election to ! (fice ( ,presid5t 9 excess
 (1 9 ! aggregate1 #ej1jjj4  4  7b7     
,con=m+ am5dm5t ,p>agraph 7#a7 ( section
 #ijcc7;b7 ( ! ,int]nal ,rev5ue ,code ( 
#aihf is am5d$ to read z foll[s3  7#a7 !
 c&idate w comply ) ! p]sonal exp5diture
 limitation "u section #ijce1  4  #ajd4 
,p]iod ( availability ( mat*+ paym5ts   
,section #ijcb7f7 ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by /rik+ ! beg9n+
 ( ! cal5d> ye> 9 :i* a g5]al election =
 ! (fice ( ,presid5t ( ! ,unit$ ,/ates w
 be held & ins]t+ ! date t is #f mon?s  
prior to ! date ( ! e>lie/ ,/ate prim>y 
election4  #aje4 ,exam9ation & audits ( 
mat*able contributions ,section         
#ijch7;a7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by ins]t+ & mat*able     
contributions accept$ by aft] qualifi$  

campaign exp5ses (4  #ajf4 ,modification
 to limitation on contributions =       
,presid5tial prim>y c&idates ,section   
#cae7;a77#f7 ( ! ,f$]al ,election       
,campaign ,act ( #aiga 7#eb ,u4,s4,c4   
#cjaaf7;a77#f77 is am5d$ by /rik+ cal5d>
 ye> & ins]t+ f\r-ye> election cycle4   
#ajg4 ,use ( ,fre$om ,f ,influ5ce ,fund 
z s\rce ( paym5ts  7a7 ,9 g5]al ,*apt]  
#if ( subtitle ,h ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new section3  #ijdc4 ,use (    
,fre$om ,f ,influ5ce ,fund z s\rce (    
paym5ts  7a7 ,9 g5]al ,not)/&+ any o!r  
provision ( ?is *apt]1 effective )      
respect to ! ,presid5tial election held 
9 #bjbh & ea* succe$+ ,presid5tial      
election1 all paym5ts made to c&idates  
"u ?is *apt] %all be made f ! ,fre$om ,f
 ,influ5ce ,fund e/abli%$ "u title ,,iii
 ( ! ,emp[] ,act ( #bjai 7h]eaft] 9 ?is 
section ref]r$ to z ! ,fund74  7b7      
,m&atory r$uction ( paym5ts 9 case (    
insuffici5t am\nts 9 ,fund  7#a7        
,advance audits by ,commission ,n lat]  

?an #ij days be=e ! fir/ day ( ea*      
,presid5tial election cycle 7beg9n+ ) ! 
cycle = ! election held 9 #bjbh71 !     
,commission %all--  7,a7 audit ! ,fund  
to det]m9e :e!r ! am\nts 9 ! ,fund w be 
suffici5t to make paym5ts to c&idates "u
 ?is *apt] 9 ! am\nts provid$ "u ?is    
*apt] dur+ su* election cycle2 &  7,b7  
submit a report to ,congress describ+ ! 
results ( ! audit4  7#b7 ,r$uctions 9   
am\nt ( paym5ts  7,a7 ,automatic        
r$uction on pro rata basis ,if1 on !    
basis ( ! audit describ$ 9 p>agraph     
7#a71 ! ,commission det]m9es t ! am\nt  
anticipat$ to be available 9 ! ,fund )  
respect to ! ,presid5tial election cycle
 involv$ is n1 or may n be1 suffici5t to
 satisfy ! full entitlem5ts ( c&idates  
to paym5ts "u ?is *apt] = su* cycle1 !  
,commission %all r$uce ea* am\nt :i*    
w\ld o!rwise be paid to a c&idate "u ?is
 *apt] by su* pro rata am\nt z may be   
necess>y to ensure t ! aggregate am\nt (
 paym5ts anticipat$ to be made ) respect
 to ! cycle w n exce$ ! am\nt anticipat$

 to be available = su* paym5ts 9 ! ,fund
 ) respect to su* cycle4  7,b7          
,re/oration ( r$uctions 9 case (        
availability ( suffici5t funds dur+     
election cycle ,if1 aft] r$uc+ ! am\nts 
paid to c&idates ) respect to an        
election cycle "u subp>agraph 7,a71 !   
,commission det]m9es t !re are suffici5t
 am\nts 9 ! ,fund to re/ore ! am\nt by  
:i* su* paym5ts 7 r$uc$ 7or any portion 
!re(71 to ! ext5t t su* am\nts are      
available1 ! ,commission may make a     
paym5t on a pro rata basis to ea* su*   
c&idate ) respect to ! election cycle 9 
! am\nt by :i* su* c&idate's paym5ts 7  
r$uc$ "u subp>agraph 7,a7 7or any       
portion !re(1 z ! case may be74  7,c7   
,no use ( am\nts f o!r s\rces ,9 any    
case 9 :i* ! ,commission det]m9es t !re 
are insuffici5t moneys 9 ! ,fund to make
 paym5ts to c&idates "u ?is *apt]1      
moneys %all n be made available f any   
o!r s\rce = ! purpose ( mak+ su*        
paym5ts4  7#c7 ,no effect on am\nts     
transf]r$ = p$iatric rese>* initiative  

,?is section does n apply to ! transf] (
 funds "u section #ijjh7;i74  7#d7      
,presid5tial election cycle def9$ ,9 ?is
 section1 ! t]m ,presid5tial election   
cycle means1 ) respect to a ,presid5tial
 election1 ! p]iod beg9n+ on ! day aft] 
! date ( ! previ\s ,presid5tial g5]al   
election & end+ on ! date ( !           
,presid5tial election4  4  7b7 ,cl]ical 
am5dm5t ,! table ( sections = *apt] #if 
( subtitle ,h ( su* ,code is am5d$ by   
add+ at ! end ! foll[+ new item3  ,sec4 
#ijdc4 ,use ( ,fre$om ,f ,influ5ce ,fund
 z s\rce ( paym5ts4  4  ,,ii ,g5]al     
,elections  #bja4 ,modification (       
eligibility requirem5ts = public f9anc+ 
,subsection 7a7 ( section #ijjc ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7a7 ,9 g5]al ,9 ord] 
to be eligible to receive any paym5ts "u
 section #ijjf1 ! c&idates ( a political
 p>ty 9 a ,presid5tial election %all    
meet ! foll[+ requirem5ts3  7#a7        
,p>ticipation 9 prim>y paym5t sy/em ,!  
c&idate = ,presid5t receiv$ paym5ts "u  

*apt] #if = ! campaign = nom9ation =    
election to be ,presid5t4  7#b7         
,agreem5ts ) ,commission ,! c&idates1 9 
writ+-- 7,a7 agree to obta9 & furni% to 
! ,commission su* evid5ce z x may reque/
 ( ! qualifi$ campaign exp5ses ( su*    
c&idates1  7,b7 agree to keep & furni%  
to ! ,commission su* records1 books1 &  
o!r in=mation z x may reque/1 &  7,c7   
agree to an audit & exam9ation by !     
,commission "u section #ijjg & to pay   
any am\nts requir$ to be paid "u su*    
section4  7#c7 ,prohibition on jo9t     
fundrais+ committees  7,a7 ,prohibition 
,! c&idates c]tifies 9 writ+ t !        
c&idates w n e/abli% a jo9t fundrais+   
committee ) a political committee o!r   
?an ano!r au?oriz$ committee ( !        
c&idate4  7,b7 ,/atus ( exi/+ committees
 = prior elections ,if a c&idate        
e/abli%$ a jo9t fundrais+ committee     
describ$ 9 subp>agraph 7,a7 ) respect to
 a prior election = :i* ! c&idate 0 n   
eligible to receive paym5ts "u section  
#ijjf & ! c&idate does n t]m9ate !      

committee1 ! c&idate %all n be consid]$ 
to be 9 violation ( subp>agraph 7,a7 s  
long z t jo9t fundrais+ committee does n
 receive any contributions or make any  
disbursem5ts ) respect to ! election =  
:i* ! c&idate is eligible to receive    
paym5ts "u section #ijjf4  4  #bjb4     
,repeal ( exp5diture limitations & use (
 qualifi$ campaign contributions  7a7   
,use ( qualifi$ campaign contributions  
)\t exp5diture limits2 application (    
same requirem5ts = major1 m9or1 & new   
p>ties ,section #ijjc ( ! ,int]nal      
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
subsections 7b7 & 7c7 & ins]t+ ! foll[+3
  7b7 ,use ( ,qualifi$ ,campaign        
,contributions ,to ,defray ,exp5ses     
7#a7 ,9 g5]al ,9 ord] to be eligible to 
receive any paym5ts "u section #ijjf1 ! 
c&idates ( a p>ty 9 a ,presid5tial      
election %all c]tify to ! ,commission1  
"u p5alty ( p]jury1 t--  7,a7 su*       
c&idates & _! au?oriz$ committees h n & 
w n accept any contributions to defray  
qualifi$ campaign exp5ses o!r ?an--  7i7

 qualifi$ campaign contributions1 &     
7ii7 contributions to ! ext5t necess>y  
to make up any defici5cy paym5ts receiv$
 out ( ! ,fund on acc\nt ( ! application
 ( section #ijjf7;c71 &  7,b7 su*       
c&idates & _! au?oriz$ committees h n & 
w n accept any contribution to defray   
exp5ses :i* w\ld be qualifi$ campaign   
exp5ses b = subp>agraph 7,c7 ( section  
#ijjb7aa74  7#b7 ,tim+ ( c]tification ,!
 c&idate %all make ! c]tification       
requir$ "u ?is subsection at ! same "t !
 c&idate makes ! c]tification requir$ "u
 subsection 7a77#c74  4  7b7 ,def9ition 
( qualifi$ campaign contribution        
,section #ijjb ( su* ,code is am5d$ by  
add+ at ! end ! foll[+ new p>agraph3    
7#ac7 ,qualifi$ campaign contribution ,!
 t]m qualifi$ campaign contribution     
means1 ) respect to any election = !    
(fice ( ,presid5t ( ! ,unit$ ,/ates1 a  
contribution f an individual to a       
c&idate or an au?oriz$ committee ( a    
c&idate :i*--  7,a7 does n exce$ #a1jjj 
= ! election2 &  7,b7 ) respect to :i* !

 c&idate has c]tifi$ 9 writ+ t--  7i7 ! 
individual mak+ su* contribution has n  
made aggregate contributions 7includ+   
su* qualifi$ contribution7 to su*       
c&idate & ! au?oriz$ committees ( su*   
c&idate 9 excess ( ! am\nt describ$ 9   
subp>agraph 7,a71 &  7ii7 su* c&idate & 
! au?oriz$ committees ( su* c&idate w n 
accept contributions f su* individual   
7includ+ su* qualifi$ contribution7     
aggregat+ m ?an ! am\nt describ$ 9      
subp>agraph 7,a7 ) respect to su*       
election4  4  7c7 ,con=m+ am5dm5ts  7#a7
 ,repeal ( exp5diture limits  7,a7 ,9   
g5]al ,section #cae ( ! ,f$]al ,election
 ,campaign ,act ( #aiga 7#eb ,u4,s4,c4  
#cjaaf7 is am5d$ by /rik+ subsection    
7b74  7,b7 ,con=m+ am5dm5ts ,section    
#cae7;c7 ( su* ,act 7#eb ,u4,s4,c4      
#cjaaf7;c77 is am5d$-- 7i7 9 p>agraph   
7#a77;,b77i71 by /rik+ 1 7b72 &  7ii7 9 
p>agraph 7#b77;,b77i71 by /rik+         
subsections 7b7 & 7d7 & ins]t+          
subsection 7d74  7#b7 ,repeal ( repaym5t
 requirem5t  7,a7 ,9 g5]al ,section     

#ijjg7;b7 ( ! ,int]nal ,rev5ue ,code (  
#aihf is am5d$ by /rik+ p>agraph 7#b7 & 
r$esignat+ p>agraphs 7#c71 7#d71 & 7#e7 
z p>agraphs 7#b71 7#c71 & 7#d71         
respectively4  7,b7 ,con=m+ am5dm5t     
,p>agraph 7#b7 ( section #ijjg7;b7 ( su*
 ,code1 z r$esignat$ by subp>agraph     
7,a71 is am5d$-- 7i7 by /rik+ a major   
p>ty & ins]t+ a p>ty2  7ii7 by ins]t+   
qualifi$ contributions & aft]           
contributions 7o!r ?an2 &  7iii7 by     
/rik+ 7o!r ?an qualifi$ campaign exp5ses
 ) respect to :i* paym5t is requir$ "u  
p>agraph 7#b774  7#c7 ,crim9al p5alties 
7,a7 ,repeal ( p5alty = excess exp5ses  
,section #ijab ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by /rik+         
subsection 7a74  7,b7 ,p5alty =         
acceptance ( disall[$ contributions2    
application ( same p5alty = c&idates (  
major1 m9or1 & new p>ties ,subsection   
7b7 ( section #ijab ( su* ,code is am5d$
 to read z foll[s3  7b7 ,contributions  
7#a7 ,acceptance ( disall[$             
contributions ,x %all be unlawful = an  

eligible c&idate ( a p>ty 9 a           
,presid5tial election or any ( 8        
au?oriz$ committees kn[+ly & willfully  
to accept--  7,a7 any contribution o!r  
?an a qualifi$ campaign contribution to 
defray qualifi$ campaign exp5ses1 except
 to ! ext5t necess>y to make up any     
defici5cy 9 paym5ts receiv$ out ( !     
,fund on acc\nt ( ! application (       
section #ijjf7;c72 or  7,b7 any         
contribution to defray exp5ses :i* w\ld 
be qualifi$ campaign exp5ses b =        
subp>agraph 7,c7 ( section #ijjb7aa74   
7#b7 ,p5alty ,any p]son :o violates     
p>agraph 7#a7 %all be f9$ n m ?an       
#e1jjj1 or imprison$ n m ?an "o ye>1 or 
bo?4 ,9 ! case ( a violation by an      
au?oriz$ committee1 any (fic] or memb] (
 su* committee :o kn[+ly & willfully    
cons5ts to su* violation %all be f9$ n m
 ?an #e1jjj1 or imprison$ n m ?an "o    
ye>1 or bo?4  4  #bjc4 ,mat*+ paym5ts & 
o!r modifications to paym5t am\nts  7a7 
,9 g5]al  7#a7 ,am\nt ( paym5ts2        
application ( same am\nt = c&idates (   

major1 m9or1 & new p>ties ,subsection   
7a7 ( section #ijjd ( ! ,int]nal ,rev5ue
 ,code ( #aihf is am5d$ to read z       
foll[s3  7a7 ,9 g5]al ,subject to !     
provisions ( ?is *apt]1 ! eligible      
c&idates ( a p>ty 9 a ,presid5tial      
election %all be entitl$ to equal paym5t
 "u section #ijjf 9 an am\nt equal to   
#fjj p]c5t ( ! am\nt ( ea* mat*able     
contribution receiv$ by su* c&idate or  
by ! c&idate's au?oriz$ committees      
7disreg>d+ any am\nt ( contributions f  
any p]son to ! ext5t t ! total ( !      
am\nts contribut$ by su* p]son = !      
election exce$s #bjj71 except t total   
am\nt to :i* a c&idate is entitl$ "u ?is
 p>agraph %all n exce$ #bej1jjj1jjj4  4 
7#b7 ,repeal ( sep>ate limitations =    
c&idates ( m9or & new p>ties2 inflation 
adju/m5t ,subsection 7b7 ( section #ijjd
 ( su* ,code is am5d$ to read z foll[s3 
7b7 ,inflation adju/m5t  7#a7 ,9 g5]al  
,9 ! case ( any applicable p]iod beg9n+ 
aft] #bjbi1 ! #bej1jjj1jjj doll> am\nt 9
 subsection 7a7 %all be increas$ by an  

am\nt equal to--  7,a7 su* doll> am\nt2 
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t
 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> foll[+ ! ye> :i* su*         
applicable p]iod beg9s1 det]m9$ by      
sub/itut+ cal5d> ye> #bjbh = cal5d> ye> 
#aiib 9 subp>agraph 7,b7 !re(4  7#b7    
,applicable p]iod ,= purposes ( ?is     
subsection1 ! t]m applicable p]iod means
 ! #d-ye> p]iod beg9n+ ) ! fir/ day     
foll[+ ! date ( ! g5]al election = !    
(fice ( ,presid5t & end+ on ! date ( !  
next su* g5]al election4  7#c7 ,r\nd+   
,if any am\nt z adju/$ "u p>agraph 7#a7 
is n a multiple ( #aj1jjj1 su* am\nt    
%all be r\nd$ to ! ne>e/ multiple (     
#aj1jjj4  4  7#c7 ,con=m+ am5dm5t       
,section #ijje7;a7 ( su* ,code is am5d$ 
by add+ at ! end ! foll[+ new s5t5ce3 ,!
 ,commission %all make su* additional   
c]tifications z may be necess>y to      
receive paym5ts "u section #ijjd44  7b7 
,mat*able contribution ,section #ijjb ( 
su* ,code1 z am5d$ by section #bjb7;b71 
is am5d$ by add+ at ! end ! foll[+ new  

p>agraph3  7#ad7 ,mat*able contribution 
,! t]m mat*able contribution means1 )   
respect to ! election to ! (fice (      
,presid5t ( ! ,unit$ ,/ates1 a          
contribution by an individual to a      
c&idate or an au?oriz$ committee ( a    
c&idate ) respect to :i* ! c&idate has  
c]tifi$ 9 writ+ t--  7,a7 ! individual  
mak+ su* contribution has n made        
aggregate contributions 7includ+ su*    
mat*able contribution7 to su* c&idate & 
! au?oriz$ committees ( su* c&idate 9   
excess ( #a1jjj = ! election2  7,b7 su* 
c&idate & ! au?oriz$ committees ( su*   
c&idate w n accept contributions f su*  
individual 7includ+ su* mat*able        
contribution7 aggregat+ m ?an ! am\nt   
describ$ 9 subp>agraph 7,a7 ) respect to
 su* election2 &  7,c7 su* contribution 
0 a direct contribution 7z def9$ 9      
section #ijcd7;c77#c774  4  #bjd4       
,increase 9 limit on coord9at$ p>ty     
exp5ditures  7a7 ,9 g5]al ,section      
#cae7;d77#b7 ( ! ,f$]al ,election       
,campaign ,act ( #aiga 7#eb ,u4,s4,c4   

#cjaaf7;d77#b77 is am5d$ to read z      
foll[s3  7#b7  7,a7 ,! national         
committee ( a political p>ty may n make 
any exp5diture 9 connection ) ! g5]al   
election campaign ( any c&idate =       
,presid5t ( ! ,unit$ ,/ates :o is       
affiliat$ ) su* p>ty :i* exce$s         
#ajj1jjj1jjj4  7,b7 ,= purposes ( ?is   
p>agraph-- 7i7 any exp5diture made by or
 on behalf ( a national committee ( a   
political p>ty & 9 connection ) a       
,presid5tial election %all be consid]$  
to be made 9 connection ) ! g5]al       
election campaign ( a c&idate =         
,presid5t ( ! ,unit$ ,/ates :o is       
affiliat$ ) su* p>ty2 &  7ii7 any       
communication made by or on behalf ( su*
 p>ty %all be consid]$ to be made 9     
connection ) ! g5]al election campaign (
 a c&idate = ,presid5t ( ! ,unit$ ,/ates
 :o is affiliat$ ) su* p>ty if any      
portion ( ! communication is 9          
connection ) su* election4  7,c7 ,any   
exp5diture "u ?is p>agraph %all be 9    
addition to any exp5diture by a national

 committee ( a political p>ty s]v+ z !  
pr9cipal campaign committee ( a c&idate 
= ! (fice ( ,presid5t ( ! ,unit$ ,/ates4
  4  7b7 ,con=m+ ,am5dm5ts ,relat+ to   
,tim+ ( ,co/-(-,liv+ ,adju/m5t  7#a7 ,9 
g5]al ,section #cae7;c77#a7 ( su* ,act  
7#eb ,u4,s4,c4 #cjaaf7;c77#a77 is       
am5d$-- 7,a7 9 subp>agraph 7,b71 by     
/rik+ 7d7 & ins]t+ 7d77#b72 &  7,b7 by  
add+ at ! end ! foll[+ new subp>agraph3 
7,d7 ,9 any cal5d> ye> aft] #bjbh--  7i7
 ! doll> am\nt 9 subsection 7d77#b7 %all
 be increas$ by ! p]c5t diff]5ce det]m9$
 "u subp>agraph 7,a72  7ii7 ! am\nt s   
increas$ %all rema9 9 effect = ! cal5d> 
ye>2 &  7iii7 if ! am\nt aft] adju/m5t  
"u clause 7i7 is n a multiple ( #ajj1   
su* am\nt %all be r\nd$ to ! ne>e/      
multiple ( #ajj4  4  7#b7 ,base ye>     
,section #cae7;c77#b77;,b7 ( su* ,act   
7#eb ,u4,s4,c4 #cjaaf7;c77#b77;,b77 is  
am5d$-- 7,a7 9 clause 7i7--  7i7 by     
/rik+ 7d7 & ins]t+ 7d77#c72 &  7ii7 by  
/rik+ & at ! end2  7,b7 9 clause 7ii71  
by /rik+ ! p]iod at ! end & ins]t+ 2 &2 

&  7,c7 by add+ at ! end ! foll[+ new   
clause3  7iii7 = purposes ( subsection  
7d77#b71 cal5d> ye> #bjbg4  4  #bje4    
,e/abli%m5t ( uni=m date = release (    
paym5ts  7a7 ,date = paym5ts  7#a7 ,9   
g5]al ,section #ijjf7;b7 ( ! ,int]nal   
,rev5ue ,code ( #aihf is am5d$ to read z
 foll[s3  7b7 ,paym5ts f ! ,fund ,if !  
,secret>y ( ! ,treasury receives a      
c]tification f ! ,commission "u section 
#ijje = paym5t to ! eligible c&idates ( 
a political p>ty1 ! ,secret>y %all pay  
to su* c&idates out ( ! ,fund ! am\nt   
c]tifi$ by ! ,commission on ! lat] (--  
7#a7 ! la/ ,friday occurr+ be=e ! fir/  
,monday 9 ,septemb]2 or  7#b7 #bd h\rs  
aft] receiv+ ! c]tifications = !        
eligible c&idates ( all major political 
p>ties4  ,am\nts paid to any su*        
c&idates %all be "u ! control ( su*     
c&idates4  4  7#b7 ,con=m+ ,am5dm5t ,!  
fir/ s5t5ce ( section #ijjf7;c7 ( su*   
,code is am5d$ by /rik+ ! "t ( a        
c]tification by ! ,commission "u section
 #ijje = paym5t & ins]t+ ! "t ( mak+ a  

paym5t "u subsection 7b74  7b7 ,"t =    
c]tification ,section #ijje7;a7 ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ #aj days & ins]t+ #bd h\rs4    
#bjf4 ,am\nts 9 ,presid5tial ,election  
,campaign ,fund ,section #ijjf7;c7 ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new s5t5ce3 ,9
 mak+ a det]m9ation ( :e!r !re are      
insuffici5t moneys 9 ! ,fund = purposes 
( ! previ\s s5t5ce1 ! ,secret>y %all    
take into acc\nt 9 det]m9+ ! balance ( !
 ,fund = a ,presid5tial election ye> !  
,secret>y's be/ e/imate ( ! am\nt (     
moneys :i* w be deposit$ into ! ,fund   
dur+ ! ye>1 except t ! am\nt ( ! e/imate
 may n exce$ ! av]age ( ! annual am\nts 
deposit$ 9 ! ,fund dur+ ! previ\s #c    
ye>s44  #bjg4 ,use ( g5]al election     
paym5ts = g5]al election legal & acc\nt+
 compliance ,section #ijjb7aa7 ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new s5t5ce3 ,=
 purposes ( subp>agraph 7,a71 an exp5se 
incurr$ by a c&idate or au?oriz$        

committee = g5]al election legal &      
acc\nt+ compliance purposes %all be     
consid]$ to be an exp5se to fur!r !     
election ( su* c&idate44  #bjh4 ,use (  
,fre$om ,f ,influ5ce ,fund z s\rce (    
paym5ts  7a7 ,9 g5]al ,*apt] #ie (      
subtitle ,h ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by add+ at ! end !      
foll[+ new section3  #ijac4 ,use (      
,fre$om ,f ,influ5ce ,fund z s\rce (    
paym5ts  7a7 ,9 g5]al ,not)/&+ any o!r  
provision ( ?is *apt]1 effective )      
respect to ! ,presid5tial election held 
9 #bjbh & ea* succe$+ ,presid5tial      
election1 all paym5ts made "u ?is *apt] 
%all be made f ! ,fre$om ,f ,influ5ce   
,fund e/abli%$ "u title ,,iii ( ! ,emp[]
 ,act ( #bjai4  7b7 ,m&atory r$uction ( 
paym5ts 9 case ( insuffici5t am\nts 9   
,fund  7#a7 ,advance audits by          
,commission ,n lat] ?an #ij days be=e ! 
fir/ day ( ea* ,presid5tial election    
cycle 7beg9n+ ) ! cycle = ! election    
held 9 #bjbh71 ! ,commission %all--     
7,a7 audit ! ,fund to det]m9e :e!r1 aft]

 fir/ mak+ paym5ts to c&idates "u *apt] 
#if1 ! am\nts rema9+ 9 ! ,fund w be     
suffici5t to make paym5ts to c&idates "u
 ?is *apt] 9 ! am\nts provid$ "u ?is    
*apt] dur+ su* election cycle2 &  7,b7  
submit a report to ,congress describ+ ! 
results ( ! audit4  7#b7 ,r$uctions 9   
am\nt ( paym5ts  7,a7 ,automatic        
r$uction on pro rata basis ,if1 on !    
basis ( ! audit describ$ 9 p>agraph     
7#a71 ! ,commission det]m9es t ! am\nt  
anticipat$ to be available 9 ! ,fund )  
respect to ! ,presid5tial election cycle
 involv$ is n1 or may n be1 suffici5t to
 satisfy ! full entitlem5ts ( c&idates  
to paym5ts "u ?is *apt] = su* cycle1 !  
,commission %all r$uce ea* am\nt :i*    
w\ld o!rwise be paid to a c&idate "u ?is
 *apt] by su* pro rata am\nt z may be   
necess>y to ensure t ! aggregate am\nt (
 paym5ts anticipat$ to be made ) respect
 to ! cycle w n exce$ ! am\nt anticipat$
 to be available = su* paym5ts 9 ! ,fund
 ) respect to su* cycle4  7,b7          
,re/oration ( r$uctions 9 case (        

availability ( suffici5t funds dur+     
election cycle ,if1 aft] r$uc+ ! am\nts 
paid to c&idates ) respect to an        
election cycle "u subp>agraph 7,a71 !   
,commission det]m9es t !re are suffici5t
 am\nts 9 ! ,fund to re/ore ! am\nt by  
:i* su* paym5ts 7 r$uc$ 7or any portion 
!re(71 to ! ext5t t su* am\nts are      
available1 ! ,commission may make a     
paym5t on a pro rata basis to ea* su*   
c&idate ) respect to ! election cycle 9 
! am\nt by :i* su* c&idate's paym5ts 7  
r$uc$ "u subp>agraph 7,a7 7or any       
portion !re(1 z ! case may be74  7,c7   
,no use ( am\nts f o!r s\rces ,9 any    
case 9 :i* ! ,commission det]m9es t !re 
are insuffici5t moneys 9 ! ,fund to make
 paym5ts to c&idates "u ?is *apt]1      
moneys %all n be made available f any   
o!r s\rce = ! purpose ( mak+ su*        
paym5ts4  7#c7 ,no effect on am\nts     
transf]r$ = p$iatric rese>* initiative  
,?is section does n apply to ! transf] (
 funds "u section #ijjh7;i74  7#d7      
,presid5tial election cycle def9$ ,9 ?is

 section1 ! t]m ,presid5tial election   
cycle means1 ) respect to a ,presid5tial
 election1 ! p]iod beg9n+ on ! day aft] 
! date ( ! previ\s ,presid5tial g5]al   
election & end+ on ! date ( !           
,presid5tial election4  4  7b7 ,cl]ical 
am5dm5t ,! table ( sections = *apt] #ie 
( subtitle ,h ( su* ,code is am5d$ by   
add+ at ! end ! foll[+ new item3  ,sec4 
#ijac4 ,use ( ,fre$om ,f ,influ5ce ,fund
 z s\rce ( paym5ts4  4  ,,iii ,fre$om ,f
 ,influ5ce ,fund  #cja4 ,fre$om ,f      
,influ5ce ,fund  7a7 ,e/abli%m5t ,!re is
 e/abli%$ 9 ! ,treasury a fund to be    
kn[n z ! ,fre$om ,f ,influ5ce ,fund4    
7b7 ,am\nts held by ,fund ,! ,fund %all 
consi/ ( ! foll[+ am\nts3  7#a7         
,assessm5ts aga9/ f9es1 settlem5ts1 &   
p5alties ,am\nts transf]r$ "u section   
#cjae ( title #ah1 ,unit$ ,/ates ,code  
7z add$ by section #cjb7;a771 section   
#igjg ( title #ca1 ,unit$ ,/ates ,code  
7z add$ by section #cjb7;b771 & section 
#fgfa ( ! ,int]nal ,rev5ue ,code ( #aihf
 7z add$ by section #cjb7;c774  7#b7    

,inve/m5t returns ,int]e/ on1 & !       
proce$s f1 ! sale or r$emption ( any    
obligations held by ! ,fund "u          
subsection 7c74  7c7 ,inve/m5t ,!       
,secret>y ( ! ,treasury %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
 ,to make paym5ts to c&idates ,am\nts 9 
! ,fund %all be available )\t fur!r     
appropriation or fiscal ye> limitation--
 7#a7 to make paym5ts to c&idates "u    
*apt] #ie ( subtitle ,h ( ! ,int]nal    
,rev5ue ,code ( #aihf1 subject to       
r$uctions "u section #ijac7;b7 ( su*    
,code2 &  7#b7 to make paym5ts to       
c&idates "u *apt] #if ( subtitle ,h ( ! 
,int]nal ,rev5ue ,code ( #aihf1 subject 
to r$uctions "u section #ijdc7;b7 ( su* 
,code4  7e7 ,effective date ,?is section
 %all take effect on ! date ( ! enactm5t
 ( ?is title4  #cjb4 ,assessm5ts aga9/  
f9es & p5alties  7a7 ,assessm5ts relat+ 
to crim9al (f5ses  7#a7 ,9 g5]al ,*apt] 

#bja ( title #ah1 ,unit$ ,/ates ,code1  
is am5d$ by add+ at ! end ! foll[+ new  
section3  #cjae4 ,special assessm5ts =  
,fre$om ,f ,influ5ce ,fund  7a7         
,assessm5ts  7#a7 ,convictions ( crimes 
,9 addition to any assessm5t impos$ "u  
?is *apt]1 ! c\rt %all assess on any    
organizational def5dant or any def5dant 
:o is a corporate (fic] or p]son )      
equival5t au?ority 9 any o!r            
organization :o is convict$ ( a crim9al 
(f5se "u ,f$]al law an am\nt equal to   
#b4ge p]c5t ( any f9e impos$ on t       
def5dant 9 ! s5t5ce impos$ = t          
conviction4  7#b7 ,settlem5ts ,! c\rt   
%all assess on any organizational       
def5dant or def5dant :o is a corporate  
(fic] or p]son ) equival5t au?ority 9   
any o!r organization :o has ent]$ into a
 settlem5t agreem5t or cons5t decree ) !
 ,unit$ ,/ates 9 satisfaction ( any     
allegation t ! def5dant committ$ a      
crim9al (f5se "u ,f$]al law an am\nt    
equal to #b4ge p]c5t ( ! am\nt ( !      
settlem5t4  7b7 ,mann] ( collection ,an 

am\nt assess$ "u subsection 7a7 %all be 
collect$ 9 ! mann] 9 :i* f9es are       
collect$ 9 crim9al cases4  7c7 ,transf]s
 ,9 a mann] consi/5t ) section #ccjb7;b7
 ( title #ca1 !re %all be transf]r$ f ! 
,g5]al ,fund ( ! ,treasury to ! ,fre$om 
,f ,influ5ce ,fund "u title ,,iii ( !   
,emp[] ,act ( #bjai an am\nt equal to ! 
am\nt ( ! assessm5ts collect$ "u ?is    
section4  4  7#b7 ,cl]ical am5dm5t ,!   
table ( sections ( *apt] #bja ( title   
#ah1 ,unit$ ,/ates ,code1 is am5d$ by   
add+ at ! end ! foll[+3  #cjae4 ,special
 assessm5ts = ,fre$om ,f ,influ5ce      
,fund4  4  7b7 ,assessm5ts relat+ to    
civil p5alties  7#a7 ,9 g5]al ,*apt] #ig
 ( title #ca1 ,unit$ ,/ates ,code1 is   
am5d$ by add+ at ! end ! foll[+ new     
section3  #igjg4 ,special assessm5ts =  
,fre$om ,f ,influ5ce ,fund  7a7         
,assessm5ts  7#a7 ,civil p5alties ,any  
entity ( ! ,f$]al ,gov]nm5t :i* is      
au?oriz$ "u any law1 rule1 or regulation
 to impose a civil p5alty %all assess on
 ea* p]son1 o!r ?an a natural p]son :o  

is n a corporate (fic] or p]son )       
equival5t au?ority 9 any o!r            
organization1 on :om su* a p5alty is    
impos$ an am\nt equal to #b4ge p]c5t ( !
 am\nt ( ! p5alty4  7#b7 ,adm9i/rative  
p5alties ,any entity ( ! ,f$]al         
,gov]nm5t :i* is au?oriz$ "u any law1   
rule1 or regulation to impose an        
adm9i/rative p5alty %all assess on ea*  
p]son1 o!r ?an a natural p]son :o is n a
 corporate (fic] or p]son ) equival5t   
au?ority 9 any o!r organization1 on :om 
su* a p5alty is impos$ an am\nt equal to
 #b4ge p]c5t ( ! am\nt ( ! p5alty4  7#c7
 ,settlem5ts ,any entity ( ! ,f$]al     
,gov]nm5t :i* is au?oriz$ "u any law1   
rule1 or regulation to ent] into a      
settlem5t agreem5t or cons5t decree )   
any p]son1 o!r ?an a natural p]son :o is
 n a corporate (fic] or p]son )         
equival5t au?ority 9 any o!r            
organization1 9 satisfaction ( any      
allegation ( an action or omission by ! 
p]son :i* w\ld be subject to a civil    
p5alty or adm9i/rative p5alty %all      

assess on su* p]son an am\nt equal to   
#b4ge p]c5t ( ! am\nt ( ! settlem5t4    
7b7 ,mann] ( collection ,an am\nt       
assess$ "u subsection 7a7 %all be       
collect$-- 7#a7 9 ! case ( an am\nt     
assess$ "u p>agraph 7#a7 ( su*          
subsection1 9 ! mann] 9 :i* civil       
p5alties are collect$ by ! entity ( !   
,f$]al ,gov]nm5t involv$2  7#b7 9 ! case
 ( an am\nt assess$ "u p>agraph 7#b7 (  
su* subsection1 9 ! mann] 9 :i*         
adm9i/rative p5alties are collect$ by ! 
entity ( ! ,f$]al ,gov]nm5t involv$2 &  
7#c7 9 ! case ( an am\nt assess$ "u     
p>agraph 7#c7 ( su* subsection1 9 !     
mann] 9 :i* am\nts are collect$ pursuant
 to settlem5t agreem5ts or cons5t       
decrees ent]$ into by ! entity ( !      
,f$]al ,gov]nm5t involv$4  7c7 ,transf]s
 ,9 a mann] consi/5t ) section #ccjb7;b7
 ( ?is title1 !re %all be transf]r$ f ! 
,g5]al ,fund ( ! ,treasury to ! ,fre$om 
,f ,influ5ce ,fund "u title ,,iii ( !   
,emp[] ,act ( #bjai an am\nt equal to ! 
am\nt ( ! assessm5ts collect$ "u ?is    

section4  7d7 ,exception = p5alties &   
settlem5ts "u au?ority ( ! ,int]nal     
,rev5ue ,code ( #aihf  7#a7 ,9 g5]al ,no
 assessm5t %all be made "u subsection   
7a7 ) respect to any civil or           
adm9i/rative p5alty impos$1 or any      
settlem5t agreem5t or cons5t decree     
ent]$ into1 "u ! au?ority ( ! ,int]nal  
,rev5ue ,code ( #aihf4  7#b7 ,cross     
ref]5ce ,= application ( special        
assessm5ts = ! ,fre$om ,f ,influ5ce     
,fund ) respect to c]ta9 p5alties "u !  
,int]nal ,rev5ue ,code ( #aihf1 see     
section #fgfa ( ! ,int]nal ,rev5ue ,code
 ( #aihf4  4  7#b7 ,cl]ical am5dm5t ,!  
table ( sections ( *apt] #ig ( title    
#ca1 ,unit$ ,/ates ,code1 is am5d$ by   
add+ at ! end ! foll[+3  #igjg4 ,special
 assessm5ts = ,fre$om ,f ,influ5ce      
,fund4  4  7c7 ,assessm5ts relat+ to    
c]ta9 p5alties "u ! ,int]nal ,rev5ue    
,code ( #aihf  7#a7 ,9 g5]al ,*apt] #fh 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by add+ at ! end ! foll[+ new     
sub*apt]3  ,d ,special assessm5ts =     

,fre$om ,f ,influ5ce ,fund  #fgfa4      
,special assessm5ts = ,fre$om ,f        
,influ5ce ,fund  7a7 ,9 g5]al ,ea* p]son
 requir$ to pay a cov]$ p5alty %all pay 
an additional am\nt equal to #b4ge p]c5t
 ( ! am\nt ( su* p5alty4  7b7 ,cov]$    
p5alty ,= purposes ( ?is section1 ! t]m 
cov]$ p5alty means any addition to tax1 
additional am\nt1 p5alty1 or o!r        
liability provid$ "u sub*apt] ,a or ,b4 
7c7 ,exception = c]ta9 individuals  7#a7
 ,9 g5]al ,9 ! case ( a taxpay] :o is an
 individual1 subsection 7a7 %all n apply
 to any cov]$ p5alty if su* taxpay] is  
an exempt taxpay] = ! taxable ye> = :i* 
su* cov]$ p5alty is assess$4  7#b7      
,exempt taxpay] ,= purposes ( ?is       
subsection1 a taxpay] is an exempt      
taxpay] = any taxable ye> if ! taxable  
income ( su* taxpay] = su* taxable ye>  
does n exce$ ! doll> am\nt at :i* beg9s 
! highe/ rate bracket 9 effect "u       
section #a ) respect to su* taxpay] =   
su* taxable ye>4  7d7 ,application (    
c]ta9 rules ,except z provid$ 9         

subsection 7e71 ! additional am\nt      
det]m9$ "u subsection 7a7 %all be treat$
 = purposes ( ?is title 9 ! same mann] z
 ! cov]$ p5alty to :i* su* additional   
am\nt relates4  7e7 ,transf] to ,fre$om 
,f ,influ5ce ,fund ,! ,secret>y %all    
deposit any additional am\nt "u         
subsection 7a7 9 ! ,g5]al ,fund ( !     
,treasury & %all transf] f su* ,g5]al   
,fund to ! ,fre$om ,f ,influ5ce ,fund   
e/abli%$ "u title ,,iii ( ! ,emp[] ,act 
( #bjai an am\nt equal to ! am\nts s    
deposit$ 7&1 not)/&+ subsection 7d71 su*
 additional am\nt %all n be ! basis =   
any deposit1 transf]1 cr$it1            
appropriation1 or any o!r paym5t1 to any
 o!r tru/ fund or acc\nt74 ,rules simil>
 to ! rules ( section #ifja %all apply =
 purposes ( ?is subsection4  4  7#b7    
,cl]ical am5dm5t ,! table ( sub*apt]s = 
*apt] #fh ( su* ,code is am5d$ by add+  
at ! end ! foll[+ new item3  ,sub*apt]  
,d--,special assessm5ts = ,fre$om ,f    
,influ5ce ,fund  4  7d7 ,effective dates
  7#a7 ,9 g5]al ,except z provid$ 9     

p>agraph 7#b71 ! am5dm5ts made by ?is   
section %all apply ) respect to         
convictions1 agreem5ts1 & p5alties :i*  
occur on or aft] ! date ( ! enactm5t (  
?is ,act4  7#b7 ,assessm5ts relat+ to   
c]ta9 p5alties "u ! ,int]nal ,rev5ue    
,code ( #aihf ,! am5dm5ts made by       
subsection 7c7 %all apply to cov]$      
p5alties assess$ aft] ! date ( !        
enactm5t ( ?is ,act4  ,,iv ,o!r         
,campaign ,f9ance ,re=ms  #dja4 ,rules  
relat+ to jo9t fundrais+ committees  7a7
 ,prohibition on jo9t fundrais+         
committees = c&idates  7#a7 ,9 g5]al    
,section #cjb7;e7 ( ! ,f$]al ,election  
,campaign ,act ( #aiga 7#eb ,u4,s4,c4   
#cjajb7;e77 is am5d$ by add+ at ! end ! 
foll[+ new p>agraph3  7#f7 ,no au?oriz$ 
committee ( a c&idate may e/abli%1      
p>ticipate 91 or h any involvem5t ) any 
jo9t fundrais+ committee4  4  7#b7      
,con=m+ am5dm5t ,section                
#cjb7;e77#c77;,a7 ( su* ,act 7#eb       
,u4,s4,c4 #cjajb7;e77#c77 is am5d$--    
7,a7 by /rik+ except t & all t foll[s   

?r\gh ! c&idate & ins]t+ except t !     
c&idate1  7,b7 by /rik+ 2 & & ins]t+ a  
p]iod1 &  7,c7 by /rik+ clause 7ii74    
7b7 ,limitation on jo9t fundrais+       
committees = p>ty committees ,section   
#cjb ( ! ,f$]al ,election ,campaign ,act
 ( #aiga 7#eb ,u4,s4,c4 #cjajb7 is am5d$
 by add+ at ! end ! foll[+ new          
subsection3  7j7 ,p>ticipation ( p>ty   
committees 9 jo9t fundrais+ committees  
,no committee ( a political p>ty may    
e/abli%1 p>ticipate 91 or h any         
involvem5t ) any jo9t fundrais+         
committee o!r ?an a jo9t fundrais+      
committee t consi/s ( ! national        
committee ( a political p>ty & "o o!r   
committee ( ! political p>ty4  4  7c7   
,effective date ,! am5dm5ts made by ?is 
section %all take effect on ,janu>y #a1 
#bjbj4  #djb4 ,repeal ( special         
contribution limits = contributions to  
national p>ties = c]ta9 purposes  7a7 ,9
 g5]al ,section #cae7;a7 ( ! ,f$]al     
,election ,campaign ,act ( #aiga 7#eb   
,u4,s4,c4 #cjaaf7;a77 is am5d$--  7#a7 9

 p>agraph 7#a77;,b71 by /rik+ 1 or1 9 ! 
case ( contributions made to any ( !    
acc\nts describ$ 9 p>agraph 7#i71 exce$ 
#cjj p]c5t ( ! am\nt o!rwise applicable 
"u ?is subp>agraph ) respect to su*     
cal5d> ye>1  7#b7 9 p>agraph 7#b77;,b71 
by /rik+ 1 or1 9 ! case ( contributions 
made to any ( ! acc\nts describ$ 9      
p>agraph 7#i71 exce$ #cjj p]c5t ( !     
am\nt o!rwise applicable "u ?is         
subp>agraph ) respect to su* cal5d> ye>1
 &  7#c7 by /rik+ p>agraph 7#i74  7b7   
,con=m+ am5dm5t ,section #cae7;d7 ( su* 
,act 7#eb ,u4,s4,c4 #cjaaf7;d77 is am5d$
 by /rik+ p>agraph 7#e74  7c7 ,effective
 date ,! am5dm5ts made by ?is section   
%all apply to contributions made aft] ! 
date ( ! enactm5t ( ?is ,act4  7d7      
,return ( previ\sly contribut$ am\nts ,n
 lat] ?an #ij days aft] ! date ( !      
enactm5t ( ?is ,act1 ea* political      
committee e/abli%$ & ma9ta9$ by a       
political p>ty %all di/ribute all am\nts
 9 acc\nts describ$ 9 section           
#cae7;a77#i7 ( ! ,f$]al ,election       

,campaign ,act ( #aiga 7#eb ,u4,s4,c4   
#cjaaf7;a77#i77 to individuals :o made  
contributions to su* acc\nts4 ,! am\nt  
di/ribut$ to any contributor f any      
acc\nt %all be> ! same ratio to ! am\nt 
( contributions made by su* contributor 
to su* acc\nt z ! balance ( su* acc\nt  
on ! date ( ! enactm5t ( ?is ,act be>s  
to ! total am\nt ( contributions made to
 su* acc\nt4  ,v ,effective ,date  #eja4
 ,effective date  7a7 ,9 g5]al ,except z
 o!rwise provid$1 ?is ,act & ! am5dm5ts 
made by ?is ,act %all apply ) respect to
 ! ,presid5tial election held 9 #bjbh & 
ea* succe$+ ,presid5tial election1 )\t  
reg>d to :e!r or n ! ,f$]al ,election   
,commission has promulgat$ ! f9al       
regulations necess>y to c>ry out ?is    
,act & ! am5dm5ts made by ?is ,act by ! 
deadl9e set =? 9 subsection 7b74  7b7   
,deadl9e = regulations ,n lat] ?an ,june
 #cj1 #bjbf1 ! ,f$]al ,election         
,commission %all promulgate su*         
regulations z may be necess>y to c>ry   
out ?is ,act & ! am5dm5ts made by ?is   

,act4