Bill > S1917

This bill, the Empower Act of 2019, proposes to reform the system of public financing for presidential elections. Key provisions include: - Increasing the amount of matching funds for participating candidates by matching the first $200 of contributions by individuals at a 6:1 ratio. - Eliminating spending limits on participating candidates. - Requiring participating candidates to agree to accept contributions of no more than $1,000. - Allowing national parties to expend up to $100 million in coordination with participating candidates. - Modifying the eligibility requirements for public financing of general election candidates, including requiring them to have participated in the primary payment system. - Repealing expenditure limitations and allowing candidates to use qualified campaign contributions (up to $1,000 per individual) without limits. - Increasing the limit on coordinated party expenditures to $100 million. The bill would apply to the 2024 presidential election and subsequent elections, even if the Federal Election Commission has not promulgated final regulations by a June 2022 deadline.

Budget and Finance

https://www.congress.gov/bill/116th-congress/senate-bill/1917/all-info