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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1862 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 1862

 To repeal the public financing of and spending limits on Presidential 
                          election campaigns.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

            February 23 (legislative day, February 22), 1994

 Mr. McConnell introduced the following bill; which was read twice and 
         referred to the Committee on Rules and Administration

_______________________________________________________________________

                                 A BILL

 
 To repeal the public financing of and spending limits on Presidential 
                          election campaigns.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PRESIDENTIAL ELECTIONS.

    (a) Repeal of Public Financing and Spending Limits.--Section 6096 
and chapters 95 and 96 of the Internal Revenue Code of 1986 are 
repealed.
    (b) Repeal of Presidential Limits.--Section 315 (b) and (g) of FECA 
(2 U.S.C. 441a (b) and (g)) are repealed.
    (c) Conforming Amendments.--(1) Each of the following provisions of 
FECA is amended by striking ``or chapter 95 or chapter 96 of the 
Internal Revenue Code of 1954'': section 301(8)(B)(ix)(II) (2 U.S.C. 
431(8)(B)(ix)(II)), section 301(9)(B)(vii)(II) (2 U.S.C. 
431(9)(B)(vii)(II)), section 302(i) (2 U.S.C. 432(i)), section 
309(a)(2) (2 U.S.C. 437g(a)(2)), section 309(a)(4)(B)(ii) (2 U.S.C. 
437g(a)(4)(B)(ii)), and section 309(a)(6)(B) (2 U.S.C. 437g(a)(6)(B)).
    (2) Section 301(9)(B)(vi) of FECA (2 U.S.C. 431(9)(B)(vi)) is 
amended by striking ``, except that this clause'' and all that follows 
through ``section 304(b)''.
    (3) Section 304(b)(2) of FECA (2 U.S.C. 434(b)(2)) is amended by--
            (A) adding ``and'' at the end of subparagraph (H);
            (B) striking ``and'' at the end of subparagraph (J); and
            (C) striking subparagraph (K).
    (4) Section 304(b)(4)(I) of FECA (2 U.S.C. 434(b)(4)(I)) is amended 
by striking ``disbursements not subject to the limitation of section 
315(b)'' and inserting ``any disbursements''.
    (5) Each of the following provisions of FECA is amended by striking 
``and chapter 95 and chapter 96 of the Internal Revenue Code of 1954'': 
section 306(b)(1) (2 U.S.C. 437c(b)(1)), section 307(a)(6) (2 U.S.C. 
437d(a)(6)), and section 307(a)(8) (2 U.S.C. 437d(a)(8)).
    (6) Section 306(c) of FECA (2 U.S.C. 437c(c)) is amended by 
striking ``or with chapter 95 or chapter 96 of the Internal Revenue 
Code of 1954''.
    (7) Section 308(a)(1) of FECA (2 U.S.C. 437f(a)(1)) is amended by 
striking ``, chapter 95 or chapter 96 of the Internal Revenue Code of 
1954,''.
    (8) Section 308(b) of FECA (2 U.S.C. 437f(b)) is amended by 
striking ``or in chapter 95 or chapter 96 of the Internal Revenue Code 
of 1954''.
    (9) Each of the following provisions of FECA is amended by striking 
``or by chapter 95 or chapter 96 of the Internal Revenue Code of 
1954'': section 308(c)(2) (2 U.S.C. 437f(c)(2)) and section 311(e) (2 
U.S.C. 438(e)).
    (10) Each of the following provisions of FECA is amended by 
striking ``or of chapter 95 or chapter 96 of the Internal Revenue Code 
of 1954'': section 309(a)(1) (2 U.S.C. 437g(a)(1)), section 
309(a)(4)(A)(i) (2 U.S.C. 437g(a)(4)(A)(i)), section 309(a)(5)(A) (2 
U.S.C. 437g(a)(5)(A)), section 309(a)(5)(B) (2 U.S.C. 437g(a)(5)(B)), 
section 309(a)(6)(A) (2 U.S.C. 437g(a)(6)(A)), section 309(a)(6)(C) (2 
U.S.C. 437g(a)(6)(C)), section 309(d)(2) (2 U.S.C. 437g(d)(2)), and 
section 309(d)(3) (2 U.S.C. 437g(d)(3)).
    (11) Section 309(a)(5)(C) of FECA (2 U.S.C. 437g(a)(5)(C)) is 
amended by striking ``or a knowing and willful violation of chapter 95 
or chapter 96 of the Internal Revenue Code of 1954,''.
    (12) Section 311(b) of FECA (2 U.S.C. 438(b)) is amended by 
striking the second sentence thereof.
    (13) Section 314 of FECA (2 U.S.C. 439c) is amended by striking ``, 
and under chapters 95 and 96 of the Internal Revenue Code of 1954,''.
    (14) Section 315(a)(5) of FECA (2 U.S.C. 441a(a)(5)) is amended--
            (A) by striking ``offices; (ii) the limitations'' and 
        inserting ``offices; and (ii) the limitations''; and
            (B) by striking ``; and (iii) the candidate has not elected 
        to receive any funds under chapter 95 or chapter 96 of the 
        Internal Revenue Code of 1954''.
    (15) Section 315(c) of FECA (2 U.S.C. 441a(c)) is amended by 
striking ``subsection (b) and''.

                                 <all>
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