,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bbeg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bd1 #bjai ,mr4  
,durb9 7= himself1 ,ms4 ,baldw91 ,mr4   
,b5net1 ,mr4 ,blum5?al1 ,mr4 ,book]1    
,mr4 ,c>d91 ,mr4 ,coons1 ,ms4 ,duckwor?1
 ,mrs4 ,gillibr&1 ,ms4 ,h>ris1 ,mr4     
,he9ri*1 ,ms4 ,hirono1 ,mr4 ,k+1 ,ms4   
,klobu*>1 ,mr4 ,m>key1 ,mr4 ,m]kley1    
,mr4 ,m55dez1 ,mr4 ,murphy1 ,mrs4       
,murray1 ,mr4 ,s&]s1 ,mr4 ,s*atz1 ,ms4  
,smi?1 ,mr4 ,udall1 ,mr4 ,van ,holl51 & 
,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[ ,act ( #bjai4  7b7 
,table ( cont5ts ,! table ( cont5ts (   
?is ,act is z foll[s3 ,sec4 #a4 ,%ort   
title2 table ( cont5ts4 ,title          
,i--,small ,doll> ,f9anc+ ( ,s5ate      
,election ,campaigns ,sec4 #aja4        
,eligibility requirem5ts & b5efits (    

,fair ,elections f9anc+ ( ,s5ate        
election campaigns4 ,sec4 #ajb4         
,prohibition on jo9t fundrais+          
committees4 ,sec4 #ajc4 ,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$]al ,election ,commission ,sec4 #cja4
 ,petition = c]tior>i4 ,sec4 #cjb4      
,electronic fil+ ( ,,fec reports4 ,title
 ,,iv--,rev5ue provisions ,sec4 #dja4   
,fair ,elections ,fund rev5ue4 ,title   
,v--,miscellane\s ,provisions ,sec4     
#eja4 ,sev]ability4 ,sec4 #ejb4         
,effective date4  ,i ,small ,doll>      
,f9anc+ ( ,s5ate ,election ,campaigns   
#aja4 ,eligibility requirem5ts & b5efits
 ( ,fair ,elections f9anc+ ( ,s5ate     
election campaigns ,! ,f$]al ,election  

,campaign ,act ( #aiga 7#eb ,u4,s4,c4   
#cjaja 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 ,commission ,!   
t]m ,commission means ! ,f$]al ,election
 ,commission4  7#c7 ,enhanc$ mat*+      
contribution ,! t]m enhanc$ mat*+       
contribution means an enhanc$ mat*+     
paym5t provid$ to a p>ticipat+ c&idate =
 qualifi$ small doll> contributions1 z  
provid$ "u section #ebd4  7#d7 ,enhanc$ 
support qualify+ p]iod ,! t]m enhanc$   
support qualify+ p]iod means1 ) respect 
to a g5]al election1 ! p]iod :i* beg9s  
#fj days be=e ! date ( ! election & ends
 #ad days be=e ! date ( ! election4     
7#e7 ,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#f7 ,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#g7 ,fund ,! t]m ,fund means ! ,fair   
,elections ,fund e/abli%$ by section    
#ejb4  7#h7 ,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#i7 ,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#aj7         
,nonp>ticipat+ c&idate ,! t]m           
nonp>ticipat+ c&idate means a c&idate = 
,s5ator :o is n a p>ticipat+ c&idate4   
7#aa7 ,p>ticipat+ c&idate ,! t]m        
p>ticipat+ c&idate means a c&idate =    
,s5ator :o is c]tifi$ "u section #ead z 
be+ eligible to receive an allocation f 
! ,fund4  7#ab7 ,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] ( #bjj 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#ac7 ,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 #bjj p] election2
 or  7ii7 ! am\nt p] election det]m9$ by
 ! ,commission "u section #eca4  7#ad7  
,qualify+ multic&idate political        
committee contribution  7,a7 ,9 g5]al ,!
 t]m qualify+ multic&idate political    
committee contribution means any        
contribution to a c&idate t is made f a 
qualifi$ acc\nt ( a multic&idate        
political committee 7)9 ! mean+ (       
section #cae7;a77#b774  7,b7 ,qualifi$  
acc\nt ,= purposes ( subp>agraph 7,a71 !

 t]m qualifi$ acc\nt means1 ) respect to
 a multic&idate political committee1 a  
sep>ate1 segregat$ acc\nt ( ! committee 
t consi/s solely ( contributions :i*    
meet ! foll[+ requirem5ts3  7i7 ,all    
contributions to su* acc\nt are made by 
individuals :o are n prohibit$ f mak+   
contributions "u ?is ,act4  7ii7 ,!     
aggregate am\nt ( contributions f ea*   
individual to su* acc\nt & all o!r      
acc\nts ( ! political committee d n     
exce$ ! am\nt describ$ 9 p>agraph       
7#ac77;,c74  #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 a contract ) ! ,gov]nm5t 

( ! ,unit$ ,/ates 9 excess ( #aj1jjj1jjj
 a tax equal to #j4ej p]c5t ( am\nt paid
 pursuant to ea* contract1 except t !   
aggregate tax on ea* contract = 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   
#ecb 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$1 w n run z a            
nonp>ticipat+ c&idate dur+ su* ye> 9 any
 election = ! (fice t su* c&idate is    
seek+2 &  7,c7 has ei!r qualifi$ 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 qualify+ multic&idate political  

committee contributions2  7,d7          
allocations f ! ,fund "u section #ebb2  
7,e7 mat*+ contributions "u section     
#ebc2  7,f7 enhanc$ mat*+ contributions 
"u section #ebd2 &  7,g7 v\*]s provid$  
to ! c&idate "u section #ebe2  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 qualify+ multic&idate political  
committee contributions2  7,d7          
allocations f ! ,fund "u section #ebb2  
7,e7 mat*+ contributions "u section     
#ebc2  7,f7 enhanc$ mat*+ contributions 
"u section #ebd2 &  7,g7 v\*]s provid$  
to ! c&idate "u section #ebe2 &  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$ #bjj2 &
  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 qualify+ multic&idate    
political committee 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 ,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&idate "u section #ead1 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 enhanc$ mat*+ contributions1 z   
provid$ 9 section #ebd2 &  7#d7 = !     
g5]al election1 v\*]s = broadca/s (     
political adv]tisem5ts1 z provid$ 9     
section #ebe4  7b7 ,re/riction on uses (
 allocations f ! fund ,allocations f !  
,fund receiv$ by a p>ticipat+ c&idate "u
 section #ebb1 mat*+ contributions "u   
section #ebc1 & enhanc$ mat*+           
contributions "u section #ebd 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 #ebb1 ! 
mat*+ contributions receiv$ by ! c&idate
 "u section #ebc1 & ! enhanc$ mat*+     
contributions "u section #ebd4  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 #ead2  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] #bjbe--  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$+ 
! beg9n+ ( su* cal5d> ye> & ! price     
index = cal5d> ye> #bjbb2  7,b7 ea*     
doll> am\nt s increas$ %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 #ead4  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    
,enhanc$ mat*+ support  7a7 ,9 g5]al ,9 
addition to ! paym5ts made "u section   
#ebc1 ! ,commission %all make an        
additional paym5t to an eligible c&idate
 "u ?is section4  7b7 ,eligibility ,a   
c&idate is eligible to receive an       
additional paym5t "u ?is section if !   
c&idate meets ea* ( ! foll[+            
requirem5ts3  7#a7 ,! c&idate is on !   
ballot = ! g5]al election = ! (fice !   
c&idate seeks4  7#b7 ,! c&idate is      
c]tifi$ z a p>ticipat+ c&idate "u ?is   
title ) respect to ! election4  7#c7    
,dur+ ! enhanc$ support qualify+ p]iod1 

! c&idate receives qualifi$ small doll> 
contributions 9 a total am\nt ( n less  
?an ! sum ( #ae1jjj = ea* congressional 
di/rict 9 ! ,/ate ) respect to :i* !    
c&idate is seek+ election4  7#d7 ,dur+ !
 enhanc$ support qualify+ p]iod1 !      
c&idate submits to ! ,commission a      
reque/ = ! paym5t :i* includes--  7,a7 a
 /atem5t ( ! numb] & am\nt ( qualifi$   
small doll> contributions receiv$ by !  
c&idate dur+ ! enhanc$ support qualify+ 
p]iod2  7,b7 a /atem5t ( ! am\nt ( !    
paym5t ! c&idate anticipates receiv+ )  
respect to ! reque/2 &  7,c7 su* o!r    
in=mation & assurances z ! ,commission  
may require4  7#e7 ,aft] submitt+ a     
reque/ = ! additional paym5t "u p>agraph
 7#d71 ! c&idate does n submit any o!r  
application = an additional paym5t "u   
?is title4  7c7 ,am\nt  7#a7 ,9 g5]al   
,subject to p>agraph 7#b71 ! am\nt ( !  
additional paym5t made to an eligible   
c&idate "u ?is subtitle %all be an am\nt
 equal to #ej p]c5t (--  7,a7 ! am\nt ( 
! paym5t made to ! c&idate "u section   

#ebc ) respect to ! qualifi$ small doll>
 contributions :i* are receiv$ by !     
c&idate dur+ ! enhanc$ support qualify+ 
p]iod 7z includ$ 9 ! reque/ submitt$ by 
! c&idate "u 7b77#d77;,a772 or  7,b7 9 !
 case ( a c&idate :o is n eligible to   
receive a paym5t "u section #ebc )      
respect to su* qualifi$ small doll>     
contributions because ! c&idate has     
rea*$ ! limit on ! aggregate am\nt (    
paym5ts "u section #ebc1 ! am\nt ( !    
paym5t :i* w\ld h be5 made to ! c&idate 
"u section #ebc ) respect to su*        
qualifi$ small doll> contributions if ! 
c&idate _h n rea*$ su* limit4  7#b7     
,limit ,! am\nt ( ! additional paym5t   
det]m9$ "u p>agraph 7#a7 ) respect to a 
c&idate may n exce$ ! sum ( #aej1jjj =  
ea* congressional di/rict 9 ! ,/ate )   
respect to :i* ! c&idate is seek+       
election4  7#c7 ,no effect on aggregate 
limit ,! am\nt ( ! additional paym5t    
made to a c&idate "u ?is section %all n 
be includ$ 9 det]m9+ ! aggregate am\nt (
 paym5ts made to a p>ticipat+ c&idate ) 

respect to an election cycle "u section 
#ebc4  #ebe4 ,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 #ead :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 ,duties
 ( ! ,f$]al ,election ,commission  7a7  
,duties & p[]s  7#a7 ,adm9i/ration ,!   
,commission %all h ! p[] to adm9i/] !   
provisions ( ?is title & %all prescribe 
regulations to c>ry out ! purposes ( ?is
 title1 includ+ regulations--  7,a7 to  
e/abli% proc$ures =-- 7i7 v]ify+ ! am\nt
 ( valid qualify+ contributions )       
respect to a c&idate2  7ii7 effectively 
& effici5tly monitor+ & en=c+ ! limits  
on ! rais+ ( qualifi$ small doll>       
contributions2  7iii7 monitor+ ! rais+ (
 qualify+ multic&idate political        
committee contributions ?r\gh           
effectively & effici5tly monitor+ &     
en=c+ ! limits on individual            
contributions to qualifi$ acc\nts (     

multic&idate political committees2  7iv7
 effectively & effici5tly monitor+ &    
en=c+ ! limits on ! use ( p]sonal funds 
by p>ticipat+ c&idates2  7v7 monitor+ ! 
use ( allocations f ! ,fund & mat*+     
contributions "u ?is title ?r\gh audits 
or o!r me*anisms2 &  7vi7 ! adm9i/ration
 ( ! v\*] program "u section #ebe2 &    
7,b7 reg>d+ ! conduct ( debates 9 a     
mann] consi/5t ) ! be/ practices (      
,/ates t provide public f9anc+ =        
elections4  7#b7 ,review ( ,fair        
,elections f9anc+  7,a7 ,9 g5]al ,aft]  
ea* g5]al election = ,f$]al (fice1 !    
,commission %all conduct a compreh5sive 
review ( ! ,fair ,elections f9anc+      
program "u ?is title1 includ+--  7i7 !  
maximum doll> am\nt ( qualifi$ small    
doll> contributions "u section #eja7ac72
  7ii7 ! maximum & m9imum doll> am\nts =
 qualify+ contributions "u section      
#eja7ab72  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 ! maximum am\nt (   
enhanc$ mat*+ contributions a c&idate   
may receive "u section #ebd2  7vii7 !   
am\nt & usage ( v\*]s "u section #ebe2  
7viii7 ! ov]all satisfaction (          
p>ticipat+ c&idates & ! ,am]ican public 
) ! program2 &  7ix7 su* o!r matt]s     
relat+ to f9anc+ ( ,s5ate campaigns z ! 
,commission det]m9es are appropriate4   
7,b7 ,crit]ia = review ,9 conduct+ !    
review "u subp>agraph 7,a71 !           
,commission %all consid] ! foll[+3 7i7  
,qualify+ contributions & qualifi$ small
 doll> contributions ,! ,commission %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 !      
,commission det]m9es is appropriate4    
7ii7 ,review ( program b5efits ,!       
,commission %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 enhanc$ mat*+             
contributions "u section #ebd1 & v\*]s  
"u section #ebe 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$ia co/s1 prim>y election dates1 & any 
o!r in=mation ! ,commission det]m9es is 
appropriate4  7,c7 ,adju/m5t ( am\nts   
7i7 ,9 g5]al ,bas$ on ! review conduct$ 
"u subp>agraph 7,a71 ! ,commission %all 
provide = ! adju/m5ts ( ! foll[+ am\nts3

  7,i7 ,! maximum doll> am\nt ( qualifi$
 small doll> contributions "u section   
#eja7ac77;,c74  7,,ii7 ,! maximum &     
m9imum doll> am\nts = qualify+          
contributions "u section #eja7ab77;,a74 
7,,iii7 ,! numb] & value ( qualify+     
contributions a c&idate is requir$ to   
obta9 "u section #eab7;a77#a74  7,,iv7  
,! base am\nt = c&idates "u section     
#ebb7;d74  7,v7 ,! maximum am\nt ( mat*+
 contributions a c&idate may receive "u 
section #ebc7;b74  7,,vi7 ,! maximum    
am\nt ( enhanc$ mat*+ contributions a   
c&idate may receive "u section #ebd7;c74
  7,,vii7 ,! doll> am\nt = v\*]s "u     
section #ebe7;c74  7ii7 ,regulations ,! 
,commission %all promulgate regulations 
provid+ = ! adju/m5ts made "u clause    
7i74  7,d7 ,report ,n lat] ?an ,m>* #cj 
foll[+ any g5]al election = ,f$]al      
(fice1 ! ,commission %all submit a      
report to ,congress on ! review conduct$
 "u subp>agraph 7,a74 ,su* report %all  
conta9 a detail$ /atem5t ( ! f9d+s1     
conclusions1 & recomm5dations ( !       

,commission bas$ on su* review4  7b7    
,reports ,n lat] ?an ,m>* #cj1 #bjbd1 & 
e #b ye>s !reaft]1 ! ,commission %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    
7c7 ,au?orization ( appropriations ,!re 
are au?oriz$ to be appropriat$ su* sums 
z are necess>y to c>ry out ! purposes ( 
?is subtitle4  #ecb4 ,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 #ead      
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$+s by !         
,commission 9 accordance ) section      
#cji7;a71 includ+ a ref]ral by !        
,commission to ! ,attorney ,g5]al 9 !   
case ( an app>5t kn[+ & willful         
violation ( ?is title4  4  #ajb4        
,prohibition on jo9t fundrais+          
committees ,section #cjb7;e7 ( ! ,f$]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 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  #ajc4        
,exception to limitation on coord9at$   
exp5ditures by political p>ty committees
 ) p>ticipat+ c&idates ,section #cae7;d7
 ( ! ,f$]al ,election ,campaign ,act (  
#aiga 7#eb ,u4,s4,c4 #cjaaf7;d77 is     
am5d$-- 7#a7 9 p>agraph 7#c77;,a71 by   
/rik+ 9 ! case ( & ins]t+ except z      
provid$ 9 p>agraph 7#f71 9 ! case (2 &  
7#b7 by add+ at ! end ! foll[+ new      
p>agraph3  7#f7 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;b77#a7 ( !    
,communications ,act ( #aicd 7#dg       
,u4,s4,c4 #cae7;b77#a77 is am5d$-- 7#a7 
9 ! matt] prec$+ subp>agraph 7,a71 by   

/rik+ to su* (fice & ins]t+ ! foll[+3 to
 su* (fice1 or by a national committee (
 a political p>ty on behalf ( su*       
c&idate 9 connection ) su* campaign12 & 
7#b7 9 subp>agraph 7,a71 by ins]t+ =    
preemptible use !re( aft] /ation4  7b7  
,preemption2 audits ,section #cae ( !   
,communications ,act ( #aicd 7#dg       
,u4,s4,c4 #cae7 is am5d$--  7#a7 by     
r$esignat+ subsections 7c7 & 7d7 z      
subsections 7f7 & 7g71 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$+ a prim>y or prim>y run(f   
election & ! #fj-;day p]iod prec$+ a    
g5]al or special election1 ! ,commission
 %all conduct su* audits z x deems      
necess>y to ensure t ea* lic5see 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 ,te*nical & con=m+ am5dm5ts ,section

 #cae ( ! ,communications ,act ( #aicd  
7#dg ,u4,s4,c4 #cae7 is am5d$-- 7#a7 9  
subsection 7f71 z r$esignat$ by         
subsection 7b77#a7--  7,a7 9 ! matt]    
prec$+ p>agraph 7#a71 by /rik+ ,=       
purposes ( ?is section-- & ins]t+ !     
foll[+3 ,def9itions4--,= purposes ( ?is 
section32  7,b7 9 p>agraph 7#a7--  7i7  
by /rik+ ! t]m & ins]t+ ,broadca/+      
/ation4--,! t]m2 &  7ii7 by /rik+ 2 & & 
ins]t+ a p]iod2 &  7,c7 9 p>agraph 7#b71
 by /rik+ ! t]ms & ins]t+ ,lic5see2     
/ation lic5see4--,! t]ms2 &  7#b7 9     
subsection 7g71 z r$esignat$ by         
subsection 7b77#a71 by /rik+ ,!         
,commission & ins]t+ ,regulations4--,!  
,commission4  #bjb4 ,broadca/ rates =   
p>ticipat+ c&idates ,section #cae7;b7 ( 
! ,communications ,act ( #aicd 7#dg     
,u4,s4,c4 #cae7;b771 z am5d$ by section 
#bja1 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$ 9 section   
#eja ( ! ,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 ,n lat] ?an #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 ea* broadca/+  
/ation1 z def9$ 9 section #cae7;f7 ( !  
,communications ,act ( #aicd 7#dg       

,u4,s4,c4 #cae7;f77 7z r$esignat$ by    
section #bja7;b77#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 ! ,f$]al ,communications   
,commission "u subsection 7a7 %all      
require a broadca/+ /ation to report to 
! ,f$]al ,communications ,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 ) respect to ! adv]tisem5t-- 7,a7
 ! date & "t ( ! broadca/2  7,b7 !      
program 9 :i* ! adv]tisem5t 0 broadca/2 
&  7,c7 ! l5g? ( ! broadca/ airtime4    
7c7 ,int]net access ,9 its rulemak+ "u  
subsection 7a71 ! ,f$]al ,communications
 ,commission %all require any broadca/+ 
/ation requir$ to file a report "u ?is  
section t ma9ta9s an int]net website to 
make available a l9k to ea* su* report  
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#eb ,u4,s4,c4   
#cjajg7;a77#f77 is am5d$ by ins]t+      
7includ+ a proce$+ be=e ! ,supreme ,c\rt
 on c]tior>i7 aft] appeal4  #cjb4       
,electronic fil+ ( ,,fec reports        
,section #cjd7;a77#aa7 ( ! ,f$]al       
,election ,campaign ,act ( #aiga 7#eb   
,u4,s4,c4 #cjajd7;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   
,rev5ue ,provisions  #dja4 ,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$ p] contract "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 a        
contract ) ! ,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  ,v ,miscellane\s ,provisions     
#eja4 ,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  #ejb4 ,effective   
date  7a7 ,9 g5]al ,except z may o!rwise
 be provid$ 9 ?is ,act & 9 ! am5dm5ts   
made by ?is ,act1 ?is ,act & ! am5dm5ts 
made by ?is ,act %all apply ) respect to
 elections occurr+ dur+ #bjbf or any    
succe$+ ye>1 )\t reg>d to :e!r or n !   
,f$]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      
#bjbd1 ! ,f$]al ,election ,commission   
%all promulgate su* regulations z may be
 necess>y to c>ry out ?is ,act & !      
am5dm5ts made by ?is ,act4