,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #aiag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bj1 #bjai ,mr4  
,udall 7= himself & ,mr4 ,van ,holl57   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to re=m ! sy/em ( 
public f9anc+ = ,presid5tial elections1 
& = 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    
#ajja4 ,increase 9 & modifications to   
mat*+ paym5ts4 ,sec4 #ajjb4 ,eligibility
 requirem5ts = mat*+ paym5ts4 ,sec4     
#ajjc4 ,repeal ( exp5diture limitations4
 ,sec4 #ajjd4 ,p]iod ( availability (   
mat*+ paym5ts4 ,sec4 #ajje4 ,exam9ation 
& audits ( mat*able contributions4 ,sec4
 #ajjf4 ,modification to limitation on  
contributions = ,presid5tial prim>y     

c&idates4 ,,title ,,ii--,g5]al          
,elections ,sec4 #bjja4 ,modification ( 
eligibility requirem5ts = public f9anc+4
 ,sec4 #bjjb4 ,repeal ( exp5diture      
limitations & use ( qualifi$ campaign   
contributions4 ,sec4 #bjjc4 ,mat*+      
paym5ts & o!r modifications to paym5t   
am\nts4 ,sec4 #bjjd4 ,increase 9 limit  
on coord9at$ p>ty exp5ditures4 ,sec4    
#bjje4 ,e/abli%m5t ( uni=m date =       
release ( paym5ts4 ,sec4 #bjjf4 ,am\nts 
9 ,presid5tial ,election ,campaign      
,fund4 ,sec4 #bjjg4 ,use ( g5]al        
election paym5ts = g5]al election legal 
& acc\nt+ compliance4 ,,title           
,,iii--,o!r ,campaign ,f9ance ,re=ms    
,sec4 #cjja4 ,rules relat+ to jo9t      
fundrais+ committees4 ,sec4 #cjjb4      
,repeal ( special contribution limits = 
contributions to national p>ties = c]ta9
 purposes4 ,,title ,,iv--,effective     
,date ,sec4 #djja4 ,effective date4  ,i 
,prim>y ,elections  #ajja4 ,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 = ! election1  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,a71 &  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]son1 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* ,act1 &  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 
#ajjb4 ,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               
#ajja7;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$-- 7#a7 by /rik+ & at ! end (      
p>agraph 7#d72  7#b7 by /rik+ ! p]iod at
 ! end ( p>agraph 7#e7 & ins]t+ 2 &2 &  
7#c7 by ins]t+ aft] p>agraph 7#e7 add+  
at ! end ! foll[+ new p>agraph3  7#f7 ! 
c&idate w n e/abli% a jo9t fundrais+    
committee ) a political committee o!r   
?an ano!r au?oriz$ committee ( !        
c&idate1 except t 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  #ajjc4      
,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  #ajjd4 ,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  #ajje4 ,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  #ajjf4             
,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  ,,ii ,g5]al ,elections 
#bjja4 ,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]tify 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  #bjjb4    
,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 
= ! election1 &  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;c71 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  #bjjc4 ,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\nt1  
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 #bjjb7;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 = ! election1  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* election1 &  7,c7 su* contribution 
0 a direct contribution 7z def9$ 9      
section #ijcd7;c77#c774  4  #bjjd4      
,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$-- 7,a7 9 clause 7i7--  7i7 by     
/rik+ 7d7 & ins]t+ 7d77#c72 &  7ii7 by  
/rik+ & at ! end2  7,b7 9 clause 7ii71  
by /rik+ ! p]iod at ! end & ins]t+ 2 &2 
&  7,c7 by add+ at ! end ! foll[+ new   
clause3  7iii7 = purposes ( subsection  
7d77#b71 cal5d> ye> #bjbg4  4  #bjje4   
,e/abli%m5t ( uni=m date = release (    
paym5ts  7a7 ,date = paym5ts  7#a7 ,9   
g5]al ,section #ijjf7;b7 ( ! ,int]nal   
,rev5ue ,code ( #aihf is am5d$ 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]1 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    
#bjjf4 ,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  #bjjg4 ,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  ,,iii ,o!r    
,campaign ,f9ance ,re=ms  #cjja4 ,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  #cjjb4 ,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>2  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>2
 &  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  ,,iv ,effective ,date     
#djja4 ,effective date  7a7 ,9 g5]al    
,except z o!rwise provid$1 ?is ,act & ! 
am5dm5ts made by ?is ,act %all apply )  
respect to ! ,presid5tial election held 
9 #bjbd & ea* succe$+ ,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      
#bjbb1 ! ,f$]al ,election ,commission   
%all promulgate su* regulations z may be

 necess>y to c>ry out ?is ,act & !      
am5dm5ts made by ?is ,act4