HR 424 · 114th Congress · Government Operations and Politics
Empowering Citizens Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: 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.(2015-01-21)
Plain Language Summary
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Empowering Citizens Act Amends the Internal Revenue Code and the Federal Election Campaign Act of 1971 (FECA) to revise the system of public financing for presidential primary and general elections occurring after January 1, 2016, and to establish a system of public financing for congressional elections. 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 from accepting contributions or bundled contributions (i.e., combining small cont…
Summarized by Claude AI · Non-partisan · For informational purposes only