II

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.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. PRESIDENTIAL ELECTIONS.

4 (a) REPEAL OF PUBLIC FINANCING AND SPENDING

5 LIMITS.—Section 6096 and chapters 95 and 96 of the In6 ternal Revenue Code of 1986 are repealed.

7 (b) REPEAL OF PRESIDENTIAL LIMITS.—Section 315

8 (b) and (g) of FECA (2 U.S.C. 441a (b) and (g)) are

9 repealed.
2

•S 1862 IS

1 (c) CONFORMING AMENDMENTS.—(1) Each of the

2 following provisions of FECA is amended by striking ‘‘or

3 chapter 95 or chapter 96 of the Internal Revenue Code

4 of 1954’’: section 301(8)(B)(ix)(II) (2 U.S.C.

5 431(8)(B)(ix)(II)), section 301(9)(B)(vii)(II) (2 U.S.C.

6 431(9)(B)(vii)(II)), section 302(i) (2 U.S.C. 432(i)), sec7 tion 309(a)(2) (2 U.S.C. 437g(a)(2)), section

8 309(a)(4)(B)(ii) (2 U.S.C. 437g(a)(4)(B)(ii)), and section

9 309(a)(6)(B) (2 U.S.C. 437g(a)(6)(B)).

10 (2) Section 301(9)(B)(vi) of FECA (2 U.S.C.

11 431(9)(B)(vi)) is amended by striking ‘‘, except that this

12 clause’’ and all that follows through ‘‘section 304(b)’’.

13 (3) Section 304(b)(2) of FECA (2 U.S.C. 434(b)(2))

14 is amended by—

15 (A) adding ‘‘and’’ at the end of subparagraph

16 (H);

17 (B) striking ‘‘and’’ at the end of subparagraph

18 (J); and

19 (C) striking subparagraph (K).

20 (4) Section 304(b)(4)(I) of FECA (2 U.S.C.

21 434(b)(4)(I)) is amended by striking ‘‘disbursements not

22 subject to the limitation of section 315(b)’’ and inserting

23 ‘‘any disbursements’’.

24 (5) Each of the following provisions of FECA is

25 amended by striking ‘‘and chapter 95 and chapter 96 of
3

•S 1862 IS

1 the Internal Revenue Code of 1954’’: section 306(b)(1) (2

2 U.S.C. 437c(b)(1)), section 307(a)(6) (2 U.S.C.

3 437d(a)(6)), and section 307(a)(8) (2 U.S.C. 437d(a)(8)).

4 (6) Section 306(c) of FECA (2 U.S.C. 437c(c)) is

5 amended by striking ‘‘or with chapter 95 or chapter 96

6 of the Internal Revenue Code of 1954’’.

7 (7) Section 308(a)(1) of FECA (2 U.S.C. 437f(a)(1))

8 is amended by striking ‘‘, chapter 95 or chapter 96 of the

9 Internal Revenue Code of 1954,’’.

10 (8) Section 308(b) of FECA (2 U.S.C. 437f(b)) is

11 amended by striking ‘‘or in chapter 95 or chapter 96 of

12 the Internal Revenue Code of 1954’’.

13 (9) Each of the following provisions of FECA is

14 amended by striking ‘‘or by chapter 95 or chapter 96 of

15 the Internal Revenue Code of 1954’’: section 308(c)(2) (2

16 U.S.C. 437f(c)(2)) and section 311(e) (2 U.S.C. 438(e)).

17 (10) Each of the following provisions of FECA is

18 amended by striking ‘‘or of chapter 95 or chapter 96 of

19 the Internal Revenue Code of 1954’’: section 309(a)(1) (2

20 U.S.C. 437g(a)(1)), section 309(a)(4)(A)(i) (2 U.S.C.

21 437g(a)(4)(A)(i)), section 309(a)(5)(A) (2 U.S.C.

22 437g(a)(5)(A)), section 309(a)(5)(B) (2 U.S.C.

23 437g(a)(5)(B)), section 309(a)(6)(A) (2 U.S.C.

24 437g(a)(6)(A)), section 309(a)(6)(C) (2 U.S.C.
4

•S 1862 IS

1 437g(a)(6)(C)), section 309(d)(2) (2 U.S.C. 437g(d)(2)),

2 and section 309(d)(3) (2 U.S.C. 437g(d)(3)).

3 (11) Section 309(a)(5)(C) of FECA (2 U.S.C.

4 437g(a)(5)(C)) is amended by striking ‘‘or a knowing and

5 willful violation of chapter 95 or chapter 96 of the Internal

6 Revenue Code of 1954,’’.

7 (12) Section 311(b) of FECA (2 U.S.C. 438(b)) is

8 amended by striking the second sentence thereof.

9 (13) Section 314 of FECA (2 U.S.C. 439c) is amend10 ed by striking ‘‘, and under chapters 95 and 96 of the

11 Internal Revenue Code of 1954,’’.

12 (14) Section 315(a)(5) of FECA (2 U.S.C.

13 441a(a)(5)) is amended—

14 (A) by striking ‘‘offices; (ii) the limitations’’

15 and inserting ‘‘offices; and (ii) the limitations’’; and

16 (B) by striking ‘‘; and (iii) the candidate has

17 not elected to receive any funds under chapter 95 or

18 chapter 96 of the Internal Revenue Code of 1954’’.

19 (15) Section 315(c) of FECA (2 U.S.C. 441a(c)) is

20 amended by striking ‘‘subsection (b) and’’.

Æ