EMPOWER Act

[AI summary unavailable — showing source text] Empowering Mass Participation to Offset the Wealthy's Electoral Role Act or the EMPOWER Act Amends the Internal Revenue Code and the Federal Election Campaign Act of 1971 to revise the system of public financing for presidential primary and general elections occurring after January 1, 2016. Increases the amount of matching funds for presidential primaries from a one-to-one match to a six-to-one match for contributions of $250 or less from individuals, with a limit on aggregate individual contributions of $1,000. Limits the total amount of payments to a presidential primary candidate to $300 million. Provides for an inflation adjustment to matching contributions beginning after 2015. Requires presidential primary candidates who opt to participate in the public financing system to certify to the Federal Election Commission (FEC) that they have raised $25,000 (currently, $5,000) in each of 20 states, with individual contributions limited to $250. Requires such candidates to commit to accept public financing in both the primary and general elections. Prohibits presidential primary candidates or their authorized committees from accepting contributions or bundled contributions (i.e., com…