HR 414

112th CONGRESS
1st Session

H. R. 414

To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 25, 2011

Mr. PRICE of North Carolina (for himself and Mr. VAN HOLLEN) introduced the following bill; which was referred to the Committee on House Administration, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes.

SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

TITLE I--PRIMARY ELECTIONS

TITLE II--GENERAL ELECTIONS

TITLE III--POLITICAL CONVENTIONS

TITLE IV--OTHER PROVISIONS

TITLE V--SEVERABILITY AND EFFECTIVE DATE

TITLE I--PRIMARY ELECTIONS

SEC. 101. INCREASE IN AND MODIFICATIONS TO MATCHING PAYMENTS.

SEC. 102. ELIGIBILITY REQUIREMENTS FOR MATCHING PAYMENTS.

SEC. 103. INFLATION ADJUSTMENT FOR CONTRIBUTION LIMITATIONS AND MATCHING CONTRIBUTIONS.

SEC. 104. REPEAL OF EXPENDITURE LIMITATIONS.

SEC. 105. PERIOD OF AVAILABILITY OF MATCHING PAYMENTS.

SEC. 106. EXAMINATION AND AUDITS OF MATCHABLE CONTRIBUTIONS.

SEC. 107. MODIFICATION TO LIMITATION ON CONTRIBUTIONS FOR PRESIDENTIAL PRIMARY CANDIDATES.

TITLE II--GENERAL ELECTIONS

SEC. 201. MODIFICATION OF ELIGIBILITY REQUIREMENTS FOR PUBLIC FINANCING.

SEC. 202. REPEAL OF EXPENDITURE LIMITATIONS AND USE OF QUALIFIED CAMPAIGN CONTRIBUTIONS.

SEC. 203. MATCHING PAYMENTS AND OTHER MODIFICATIONS TO PAYMENT AMOUNTS.

SEC. 204. INFLATION ADJUSTMENT FOR PAYMENT AMOUNTS AND QUALIFIED CONTRIBUTIONS.

SEC. 205. INCREASE IN LIMIT ON COORDINATED PARTY EXPENDITURES.

SEC. 206. ESTABLISHMENT OF UNIFORM DATE FOR RELEASE OF PAYMENTS.

SEC. 207. AMOUNTS IN PRESIDENTIAL ELECTION CAMPAIGN FUND.

SEC. 208. USE OF GENERAL ELECTION PAYMENTS FOR GENERAL ELECTION LEGAL AND ACCOUNTING COMPLIANCE.

TITLE III--POLITICAL CONVENTIONS

SEC. 301. REPEAL OF PUBLIC FINANCING OF PARTY CONVENTIONS.

SEC. 302. CONTRIBUTIONS FOR POLITICAL CONVENTIONS.

SEC. 303. PROHIBITION ON USE OF SOFT MONEY.

TITLE IV--OTHER PROVISIONS

SEC. 401. REVISIONS TO DESIGNATION OF INCOME TAX PAYMENTS BY INDIVIDUAL TAXPAYERS.

SEC. 402. REGULATIONS WITH RESPECT TO BEST EFFORTS FOR IDENTIFYING PERSONS MAKING CONTRIBUTIONS.

SEC. 403. PROHIBITION ON JOINT FUNDRAISING COMMITTEES.

SEC. 404. DISCLOSURE OF BUNDLED CONTRIBUTIONS TO PRESIDENTIAL CAMPAIGNS.

SEC. 405. JUDICIAL REVIEW OF ACTIONS RELATED TO CAMPAIGN FINANCE LAWS.

`SEC. 407. JUDICIAL REVIEW.

`SEC. 9011. JUDICIAL REVIEW.

`SEC. 9041. JUDICIAL REVIEW.

TITLE V--SEVERABILITY AND EFFECTIVE DATE

SEC. 501. SEVERABILITY.

SEC. 502. EFFECTIVE DATE.

END