For the People Act main subject disclosure
Campaign finance reform
The bill would introduce voluntary public financing for campaigns, matching small donations at a 6:1 ratio. The money would come from a new "Freedom From Influence Fund" under the U.S. Treasury, which would collect funds by charging a small fee assessed on criminal and civil fines and penalties or settlements with banks and corporations that commit corporate malfeasance. It also incorporates campaign finance reform provisions from the DISCLOSE Act, which would impose stricter limitations on foreign lobbying, require super PACs and other "dark money" organizations to disclose their donors, and restructure the Federal Election Commission to reduce partisan gridlock. The bill expresses support for a constitutional amendment to overturn Citizens United v. FECThe bill also raises the limit the national committee of a political party can spend on a political candidate to $100,000,000.