Presidential Campaign Financing Act

[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. Sets forth the procedure for designation of income tax payments to the Presidential Election Campaign Fund. Directs the Secretary of the Treasury to give publicity to the Presidential Election Campaign Fund, including prominent notice in explanatory material sent to individuals, posters, 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 excess campaign expenses and contributions. Presidential Primary Matching Payment Fund Act - Sets forth the definitions used in this Act, including that of "qualified campaign expense." Prescribes the requirements for eligibility to receive payments under this Act, including that a candidate, in writing, agree to furnish to the Comptroller General any evidence he may requ…