Bill > S428

This bill, the Empower Act of 2021, aims to reform the system of public financing for Presidential election campaigns. Key provisions include: - Increasing the amount of matching payments available to Presidential candidates from 100% to 600% of matchable contributions (up to $200 from each individual donor), with an inflation adjustment. - Modifying eligibility requirements for matching payments, including increasing the required number of small-dollar donors in 20 states and capping individual contributions at $1,000 per candidate. - Repealing expenditure limitations for publicly-financed candidates in the general election and allowing them to use qualified campaign contributions (up to $1,000 per individual) without limits. - Establishing the "Freedom From Influence Fund" to serve as the source of all public financing payments, with mechanisms to ensure sufficient funding. - Increasing the limit on coordinated party expenditures for Presidential candidates from around $50 million to $100 million, with future inflation adjustments. - Standardizing the timing for release of public financing payments to candidates.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/428/all-info