Bill > S1929

This bill, the Empower Act of 2017, proposes to amend the Internal Revenue Code to reform the system of public financing for presidential elections. Key provisions include: - Increasing the matching rate for small-dollar contributions to presidential candidates from 100% to 600%, while limiting the contribution amount that can be matched to $200 per individual. - Modifying eligibility requirements for public financing, including requiring candidates to have participated in the primary payment system and banning the acceptance of bundled contributions from lobbyists. - Repealing expenditure limitations for publicly financed presidential candidates and allowing them to use qualified campaign contributions without limits. - Increasing the limit on coordinated party expenditures for presidential general elections. - Establishing a uniform date for the release of public financing payments and allowing the Presidential Election Campaign Fund to borrow funds initially. - Imposing new disclosure requirements for bundled contributions to presidential campaigns. - Repealing special contribution limits for contributions to national party committees for certain purposes. - Providing for expedited judicial review of legal challenges related to campaign finance laws.

Government Affairs

https://www.congress.gov/bill/115th-congress/senate-bill/1929/all-info