S 2238 · 93th Congress · Government Operations and Politics

Presidential Campaign Financing Act

Introduced 1973-07-24· Sponsored by Sen. Mondale, Walter F. [D-MN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1973-07-24)

Plain Language Summary

[AI summary unavailable — showing source text] Presidential Campaign Financing Act - Increases the amounts allowable under the Internal Revenue Code for political contribution credits and deductions. Directs the Secretary of the Treasury to give publicity to the Presidential Election Campaign Fund, including prominent notice in explanatory material sent to individuals and the use of the media. Requires that, in order to be eligible to receive any payment, the candidates of a major, minor, or new party in a presidential election shall certify to the Comptroller General, under penalty of perjury, that they and their authorized committees will not incur qualified campaign expenses in excess of the $30,000,000 limit. Provides criminal penalties for such excess campaign expenses and contributions. Presidential Matching Payment Fund Act - Sets forth the definition of "qualified campaign expense" as used in this Act. Establishes the "Presidential Primary Matching Payment Fund". Directs the Secretary of the Treasury to be the trustee of the fund and to report to the Congress each year on the operation and status of the fund. Authorizes appropriations out of any money in the Treasury, not otherwise appropriated, of such sums as may be n…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (9)

7 Democrats2 Republicans