186 
‘‘(AA) a political organiza-
tion, as defined in section 527 of 
the Internal Revenue Code of 
1986; or 
‘‘(BB) an organization that 
is described in paragraph (4) or 
(6) of section 501(c) of the Inter-
nal Revenue Code of 1986 and 
exempt from tax under section 
501(a) of such Code; and 
‘‘(B) that is made to an organization de-
scribed in item (aa) or (bb) of clause (i)(II) or 
clause (ii)(II)(bb) of subparagraph (A) for 
which the total amount of such payments, ad-
vances, forbearances, renderings, or deposits of 
money, or any thing of value, during the cal-
endar year in which it is made is not less than 
the contribution limitation in effect under sec-
tion 315(a)(1)(A) of the Federal Election Cam-
paign Act of 1971 (52 U.S.C. 30116(a)(1)(A)) 
for elections occurring during such calendar 
year; 
‘‘(3) ‘covered individual’ means an individual 
who has been nominated or appointed to a covered 
position; and 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00186
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
187 
‘‘(4) ‘covered position’— 
‘‘(A) means— 
‘‘(i) a position described under sec-
tions 5312 through 5316 of title 5, United 
States Code; 
‘‘(ii) a position placed in level IV or V 
of the Executive Schedule under section 
5317 of title 5, United States Code; 
‘‘(iii) a position as a limited term ap-
pointee, limited emergency appointee, or 
noncareer appointee in the Senior Execu-
tive Service, as defined under paragraphs 
(5), (6), and (7), respectively, of section 
3132(a) of title 5, United States Code; and 
‘‘(iv) a position in the executive 
branch of the Government of a confidential 
or 
policy-determining 
character 
under 
schedule C of subpart C of part 213 of 
title 5 of the Code of Federal Regulations; 
and 
‘‘(B) does not include a position if the in-
dividual serving in the position has been ex-
cluded 
from 
the 
application 
of 
section 
101(f)(5);’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00187
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
188 
(b) DISCLOSURE REQUIREMENTS.—The Ethics in 
Government Act of 1978 (5 U.S.C. App.) is amended— 
(1) in section 101— 
(A) in subsection (a)— 
(i) by inserting ‘‘(1)’’ before ‘‘With-
in’’; 
(ii) by striking ‘‘unless’’ and inserting 
‘‘and, if the individual is assuming a cov-
ered position, the information described in 
section 102(j), except that, subject to para-
graph (2), the individual shall not be re-
quired to file a report if’’; and 
(iii) by adding at the end the fol-
lowing: 
‘‘(2) If an individual has left a position described in 
subsection (f) that is not a covered position and, within 
30 days, assumes a position that is a covered position, the 
individual shall, within 30 days of assuming the covered 
position, file a report containing the information described 
in section 102(j)(2)(A).’’; 
(B) in subsection (b)(1), in the first sen-
tence, by inserting ‘‘and the information re-
quired by section 102(j)’’ after ‘‘described in 
section 102(b)’’; 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00188
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
189 
(C) in subsection (d), by inserting ‘‘and, if 
the individual is serving in a covered position, 
the 
information 
required 
by 
section 
102(j)(2)(A)’’ 
after 
‘‘described 
in 
section 
102(a)’’; and 
(D) in subsection (e), by inserting ‘‘and, if 
the individual was serving in a covered position, 
the 
information 
required 
by 
section 
102(j)(2)(A)’’ 
after 
‘‘described 
in 
section 
102(a)’’; and 
(2) in section 102— 
(A) in subsection (g), by striking ‘‘Political 
campaign funds’’ and inserting ‘‘Except as pro-
vided in subsection (j), political campaign 
funds’’; and 
(B) by adding at the end the following: 
‘‘(j)(1) In this subsection— 
‘‘(A) the term ‘applicable period’ means— 
‘‘(i) with respect to a report filed pursuant 
to subsection (a) or (b) of section 101, the year 
of filing and the 4 calendar years preceding the 
year of the filing; and 
‘‘(ii) with respect to a report filed pursuant 
to subsection (d) or (e) of section 101, the pre-
ceding calendar year; and 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00189
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
190 
‘‘(B) the term ‘covered gift’ means a gift that— 
‘‘(i) is made to a covered individual, the 
spouse of a covered individual, or the dependent 
child of a covered individual; 
‘‘(ii) is made by an entity described in item 
(aa) or (bb) of section 109(2)(A)(i)(II); and 
‘‘(iii) would have been required to be re-
ported under subsection (a)(2) if the covered in-
dividual had been required to file a report 
under section 101(d) with respect to the cal-
endar year during which the gift was made. 
‘‘(2)(A) A report filed pursuant to subsection (a), (b), 
(d), or (e) of section 101 by a covered individual shall in-
clude, for each covered contribution made by or on behalf 
of, or that was solicited in writing by or on behalf of, the 
covered individual during the applicable period— 
‘‘(i) the date on which the covered contribution 
was made; 
‘‘(ii) if applicable, the date or dates on which 
the covered contribution was solicited; 
‘‘(iii) the value of the covered contribution; 
‘‘(iv) the name of the person making the cov-
ered contribution; and 
‘‘(v) the name of the person receiving the cov-
ered contribution. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00190
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
191 
‘‘(B)(i) Subject to clause (ii), a covered contribution 
made by or on behalf of, or that was solicited in writing 
by or on behalf of, a covered individual shall constitute 
a conflict of interest, or an appearance thereof, with re-
spect to the official duties of the covered individual. 
‘‘(ii) The Director of the Office of Government Ethics 
may exempt a covered contribution from the application 
of clause (i) if the Director determines the circumstances 
of the solicitation and making of the covered contribution 
do not present a risk of a conflict of interest and the ex-
emption of the covered contribution would not affect ad-
versely the integrity of the Government or the public’s con-
fidence in the integrity of the Government. 
‘‘(3) A report filed pursuant to subsection (a) or (b) 
of section 101 by a covered individual shall include the 
information described in subsection (a)(2) with respect to 
each covered gift received during the applicable period.’’. 
(c) PROVISION OF REPORTS AND ETHICS AGREE-
MENTS TO CONGRESS.—Section 105 of the Ethics in Gov-
ernment Act of 1978 (5 U.S.C. App.) is amended by add-
ing at the end the following: 
‘‘(e) Not later than 30 days after receiving a written 
request from the Chairman or Ranking Member of a com-
mittee or subcommittee of either House of Congress with 
jurisdiction of the agency in which a covered individual 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00191
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
192 
has been nominated for appointment to a covered position 
or is serving in a covered position, the Director of the Of-
fice of Government Ethics shall provide to the Chairman 
or Ranking Member, respectively, each report filed under 
this title by the covered individual and any ethics agree-
ment entered into between the agency and the covered in-
dividual.’’. 
(d) RULES ON ETHICS AGREEMENTS.—The Director 
of the Office of Government Ethics shall promptly issue 
rules regarding how an agency in the executive branch 
shall address information required to be disclosed under 
the amendments made by this Act in drafting ethics agree-
ments between the agency and individuals appointed to po-
sitions in the agency. 
(e) TECHNICAL AND CONFORMING AMENDMENTS.— 
(1) The Ethics in Government Act of 1978 (5 
U.S.C. App.) is amended— 
(A) in section 101(f)— 
(i) in paragraph (9), by striking ‘‘sec-
tion 109(12)’’ and inserting ‘‘section 
109(15)’’; 
(ii) in paragraph (10), by striking 
‘‘section 109(13)’’ and inserting ‘‘section 
109(16)’’; 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00192
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
193 
(iii) in paragraph (11), by striking 
‘‘section 109(10)’’ and inserting ‘‘section 
109(13)’’; and 
(iv) in paragraph (12), by striking 
‘‘section 109(8)’’ and inserting ‘‘section 
109(11)’’; 
(B) in section 103(l)— 
(i) in paragraph (9), by striking ‘‘sec-
tion 109(12)’’ and inserting ‘‘section 
109(15)’’; and 
(ii) in paragraph (10), by striking 
‘‘section 109(13)’’ and inserting ‘‘section 
109(16)’’; and 
(C) in section 105(b)(3)(A), by striking 
‘‘section 109(8) or 109(10)’’ and inserting ‘‘sec-
tion 109(11) or 109(13)’’. 
(2) Section 3(4)(D) of the Lobbying Disclosure 
Act of 1995 (2 U.S.C. 1602(4)(D)) is amended by 
striking ‘‘section 109(13)’’ and inserting ‘‘section 
109(16)’’. 
(3) Section 21A of the Securities Exchange Act 
of 1934 (15 U.S.C. 78u–1) is amended— 
(A) in subsection (g)(2)(B)(ii), by striking 
‘‘section 109(11) of the Ethics in Government 
Act of 1978 (5 U.S.C. App. 109(11)))’’ and in-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00193
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
194 
serting ‘‘section 109 of the Ethics in Govern-
ment Act of 1978 (5 U.S.C. App.))’’; and 
(B) in subsection (h)(2)— 
(i) in subparagraph (B), by striking 
‘‘section 109(8) of the Ethics in Govern-
ment Act of 1978 (5 U.S.C. App. 109(8))’’ 
and inserting ‘‘section 109 of the Ethics in 
Government Act of 1978 (5 U.S.C. App.)’’; 
and 
(ii) in subparagraph (C), by striking 
‘‘section 109(10) of the Ethics in Govern-
ment Act of 1978 (5 U.S.C. App. 
109(10))’’ and inserting ‘‘section 109 of 
the Ethics in Government Act of 1978 (5 
U.S.C. App.)’’. 
(4) Section 499(j)(2) of the Public Health Serv-
ice Act (42 U.S.C. 290b(j)(2)) is amended by strik-
ing ‘‘section 109(16) of the Ethics in Government 
Act of 1978’’ and inserting ‘‘section 109 of the Eth-
ics in Government Act of 1978 (5 U.S.C. App.)’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00194
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
195 
TITLE II—PUBLIC FINANCING 
Subtitle A—Reforming Presidential 
Election Financing 
PART I—PRIMARY ELECTIONS 
SEC. 2001. INCREASE IN AND MODIFICATIONS TO MATCH-
ING PAYMENTS. 
(a) INCREASE AND MODIFICATION.— 
(1) IN GENERAL.—The first sentence of section 
9034(a) of the Internal Revenue Code of 1986 is 
amended— 
(A) by striking ‘‘an amount equal to the 
amount of each contribution’’ and inserting ‘‘an 
amount equal to 600 percent of the amount of 
each matchable contribution (disregarding any 
amount of contributions from any person to the 
extent that the total of the amounts contributed 
by such person for the election exceeds $200)’’; 
and 
(B) by striking ‘‘authorized committees’’ 
and all that follows through ‘‘$250’’ and insert-
ing ‘‘authorized committees’’. 
(2) 
MATCHABLE
CONTRIBUTIONS.—Section 
9034 of such Code is amended— 
(A) by striking the last sentence of sub-
section (a); and 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00195
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
196 
(B) by inserting after subsection (b) the 
following new subsection: 
‘‘(c) MATCHABLE CONTRIBUTION DEFINED.—For 
purposes of this section and section 9033(b)— 
‘‘(1) MATCHABLE
CONTRIBUTION.—The term 
‘matchable contribution’ means, with respect to the 
nomination for election to the office of President of 
the United States, a contribution by an individual to 
a candidate or an authorized committee of a can-
didate with respect to which the candidate has cer-
tified in writing that— 
‘‘(A) the individual making such contribu-
tion has not made aggregate contributions (in-
cluding such matchable contribution) to such 
candidate and the authorized committees of 
such candidate in excess of $1,000 for the elec-
tion; 
‘‘(B) such candidate and the authorized 
committees of such candidate will not accept 
contributions from such individual (including 
such matchable contribution) aggregating more 
than the amount described in subparagraph 
(A); and 
‘‘(C) such contribution was not— 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00196
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
197 
‘‘(i) forwarded from the contributor 
by any person other than an individual, or 
‘‘(ii) received by the candidate or com-
mittee from a contributor or contributors, 
but credited by the committee or candidate 
to another person who is not an individual 
through records, designations, or other 
means of recognizing (whether in writing 
or not in writing) that a certain amount of 
money has been raised by such person. 
‘‘(2) CONTRIBUTION.—For purposes of this 
subsection, the term ‘contribution’ means a gift of 
money made by a written instrument which identi-
fies the individual making the contribution by full 
name and mailing address, but does not include a 
subscription, loan, advance, or deposit of money, or 
anything of value or anything described in subpara-
graph (B), (C), or (D) of section 9032(4).’’. 
(3) CONFORMING AMENDMENTS.— 
(A) Section 9032(4) of such Code is 
amended by striking ‘‘section 9034(a)’’ and in-
serting ‘‘section 9034’’. 
(B) Section 9033(b)(3) of such Code is 
amended by striking ‘‘matching contributions’’ 
and inserting ‘‘matchable contributions’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00197
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
198 
(b) MODIFICATION OF PAYMENT LIMITATION.— 
(1) IN
GENERAL.—Section 9034(b) of such 
Code is amended— 
(A) by striking ‘‘Every’’ and inserting the 
following: 
‘‘(1) IN GENERAL.—Every’’; 
(B) by striking ‘‘shall not exceed’’ and all 
that follows and inserting ‘‘shall not exceed 
$300,000,000.’’; and 
(C) by adding at the end the following new 
paragraph: 
‘‘(3) INFLATION ADJUSTMENT.— 
‘‘(A) IN GENERAL.—In the case of any ap-
plicable period beginning after 2019, the dollar 
amount in paragraph (1) shall be increased by 
an amount equal to— 
‘‘(i) such dollar amount, multiplied by 
‘‘(ii) the cost-of-living adjustment de-
termined under section 1(f)(3) for the cal-
endar year following the year which such 
applicable period begins, determined by 
substituting ‘calendar year 2018’ for ‘cal-
endar year 1992’ in subparagraph (B) 
thereof. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00198
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
199 
‘‘(B) APPLICABLE PERIOD.—For purposes 
of this paragraph, the term ‘applicable period’ 
means the 4-year period beginning with the 
first day following the date of the general elec-
tion for the office of President and ending on 
the date of the next such general election. 
‘‘(C) ROUNDING.—If any amount as ad-
justed under subparagraph (1) is not a multiple 
of $10,000, such amount shall be rounded to 
the nearest multiple of $10,000.’’. 
SEC. 2002. ELIGIBILITY REQUIREMENTS FOR MATCHING 
PAYMENTS. 
(a) AMOUNT OF AGGREGATE CONTRIBUTIONS PER 
STATE; DISREGARDING OF AMOUNTS CONTRIBUTED IN 
EXCESS OF $200.—Section 9033(b)(3) of the Internal 
Revenue Code of 1986 is amended— 
(1) 
by 
striking 
‘‘$5,000’’ 
and 
inserting 
‘‘$25,000’’; and 
(2) by striking ‘‘20 States’’ and inserting the 
following: ‘‘20 States (disregarding any amount of 
contributions from any such resident to the extent 
that the total of the amounts contributed by such 
resident for the election exceeds $200)’’. 
(b) CONTRIBUTION LIMIT.— 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00199
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
200 
(1) IN
GENERAL.—Paragraph (4) of section 
9033(b) of such Code is amended to read as follows: 
‘‘(4) the candidate and the authorized commit-
tees of the candidate will not accept aggregate con-
tributions from any person with respect to the nomi-
nation for election to the office of President of the 
United States in excess of $1,000 for the election.’’. 
(2) CONFORMING AMENDMENTS.— 
(A) Section 9033(b) of such Code is 
amended by adding at the end the following 
new flush sentence: 
‘‘For purposes of paragraph (4), the term ‘contribution’ 
has the meaning given such term in section 301(8) of the 
Federal Election Campaign Act of 1971.’’. 
(B) Section 9032(4) of such Code, as 
amended by section 2001(a)(3)(A) is amended 
by inserting ‘‘or 9033(b)’’ after ‘‘9034’’. 
(c) BAN ON ACCEPTANCE OF BUNDLED CONTRIBU-
TIONS.—Section 9033(b) of such Code, as amended by 
subsection (b), is amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(3); 
(2) by striking the period at the end of para-
graph (4) and inserting ‘‘, and’’; and 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00200
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
201 
(3) by adding at the end the following new 
paragraph: 
‘‘(5) the candidate and the authorized com-
mittee of the candidate will not accept any bundled 
contribution (as defined in section 304(i)(8) of the 
Federal Election Campaign Act of 1971) forwarded 
by or credited to a person described in section 
304(i)(7) of such Act.’’. 
(d) PARTICIPATION IN SYSTEM FOR PAYMENTS FOR 
GENERAL ELECTION.—Section 9033(b) of such Code, as 
amended by subsection (c), is amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(4); 
(2) by striking the period at the end of para-
graph (5) and inserting ‘‘, and’’; and 
(3) by adding at the end the following new 
paragraph: 
‘‘(6) if the candidate is nominated by a political 
party for election to the office of President, the can-
didate will apply for and accept payments with re-
spect to the general election for such office in ac-
cordance with chapter 95.’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00201
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
202 
SEC. 2003. REPEAL OF EXPENDITURE LIMITATIONS. 
(a) IN GENERAL.—Subsection (a) of section 9035 of 
the Internal Revenue Code of 1986 is amended to read 
as follows: 
‘‘(a) PERSONAL EXPENDITURE LIMITATION.—No 
candidate shall knowingly make expenditures from his per-
sonal funds, or the personal funds of his immediate family, 
in connection with his campaign for nomination for elec-
tion to the office of President in excess of, in the aggre-
gate, $50,000.’’. 
(b) CONFORMING AMENDMENT.—Paragraph (1) of 
section 9033(b) of the Internal Revenue Code of 1986 is 
amended to read as follows: 
‘‘(1) the candidate will comply with the per-
sonal expenditure limitation under section 9035,’’. 
SEC. 2004. PERIOD OF AVAILABILITY OF MATCHING PAY-
MENTS. 
Section 9032(6) of the Internal Revenue Code of 
1986 is amended by striking ‘‘the beginning of the cal-
endar year in which a general election for the office of 
President of the United States will be held’’ and inserting 
‘‘the date that is 6 months prior to the date of the earliest 
State primary election’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00202
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
203 
SEC. 2005. EXAMINATION AND AUDITS OF MATCHABLE CON-
TRIBUTIONS. 
Section 9038(a) of the Internal Revenue Code of 
1986 is amended by inserting ‘‘and matchable contribu-
tions accepted by’’ after ‘‘qualified campaign expenses of’’. 
SEC. 2006. MODIFICATION TO LIMITATION ON CONTRIBU-
TIONS FOR PRESIDENTIAL PRIMARY CAN-
DIDATES. 
Section 315(a)(6) of the Federal Election Campaign 
Act of 1971 (52 U.S.C. 30116(a)(6)) is amended by strik-
ing ‘‘calendar year’’ and inserting ‘‘four-year election 
cycle’’. 
PART II—GENERAL ELECTIONS 
SEC. 2011. MODIFICATION OF ELIGIBILITY REQUIREMENTS 
FOR PUBLIC FINANCING. 
Subsection (a) of section 9003 of the Internal Rev-
enue Code of 1986 is amended to read as follows: 
‘‘(a) IN GENERAL.—In order to be eligible to receive 
any payments under section 9006, the candidates of a po-
litical party in a presidential election shall meet the fol-
lowing requirements: 
‘‘(1) PARTICIPATION
IN
PRIMARY
PAYMENT 
SYSTEM.—The candidate for President received pay-
ments under chapter 96 for the campaign for nomi-
nation for election to be President. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00203
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
204 
‘‘(2) AGREEMENTS
WITH
COMMISSION.—The 
candidates, in writing— 
‘‘(A) agree to obtain and furnish to the 
Commission such evidence as it may request of 
the qualified campaign expenses of such can-
didates, 
‘‘(B) agree to keep and furnish to the 
Commission such records, books, and other in-
formation as it may request, and 
‘‘(C) agree to an audit and examination by 
the Commission under section 9007 and to pay 
any amounts required to be paid under such 
section. 
‘‘(3) BAN ON BUNDLED CONTRIBUTIONS.—The 
candidates certify to the Commission, under penalty 
of perjury and within such time prior to the day of 
the presidential election as the Commission shall 
prescribe by rules or regulations, that the candidates 
and the authorized committees of such candidates 
will not accept any bundled contribution (as defined 
in section 304(i)(8) of the Federal Election Cam-
paign Act of 1971) forwarded by or credited to a 
person described in section 304(i)(7) of such Act.’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00204
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
205 
SEC. 2012. REPEAL OF EXPENDITURE LIMITATIONS AND 
USE OF QUALIFIED CAMPAIGN CONTRIBU-
TIONS. 
(a) USE OF QUALIFIED CAMPAIGN CONTRIBUTIONS 
WITHOUT EXPENDITURE LIMITS; APPLICATION OF SAME 
REQUIREMENTS FOR MAJOR, MINOR, AND NEW PAR-
TIES.—Section 9003 of the Internal Revenue Code of 
1986 is amended by striking subsections (b) and (c) and 
inserting the following: 
‘‘(b) USE OF QUALIFIED CAMPAIGN CONTRIBUTIONS 
TO DEFRAY EXPENSES.— 
‘‘(1) IN GENERAL.—In order to be eligible to 
receive any payments under section 9006, the can-
didates of a party in a presidential election shall cer-
tify to the Commission, under penalty of perjury, 
that— 
‘‘(A) such candidates and their authorized 
committees have not and will not accept any 
contributions to defray qualified campaign ex-
penses other than— 
‘‘(i) qualified campaign contributions, 
and 
‘‘(ii) contributions to the extent nec-
essary to make up any deficiency payments 
received out of the fund on account of the 
application of section 9006(c), and 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00205
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
206 
‘‘(B) such candidates and their authorized 
committees have not and will not accept any 
contribution to defray expenses which would be 
qualified campaign expenses but for subpara-
graph (C) of section 9002(11). 
‘‘(2) TIMING
OF
CERTIFICATION.—The can-
didate shall make the certification required under 
this subsection at the same time the candidate 
makes the certification required under subsection 
(a)(3).’’. 
(b) DEFINITION
OF QUALIFIED CAMPAIGN CON-
TRIBUTION.—Section 9002 of such Code is amended by 
adding at the end the following new paragraph: 
‘‘(13) QUALIFIED CAMPAIGN CONTRIBUTION.— 
The term ‘qualified campaign contribution’ means, 
with respect to any election for the office of Presi-
dent of the United States, a contribution from an in-
dividual to a candidate or an authorized committee 
of a candidate which— 
‘‘(A) does not exceed $1,000 for the elec-
tion; and 
‘‘(B) with respect to which the candidate 
has certified in writing that— 
‘‘(i) the individual making such con-
tribution has not made aggregate contribu-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00206
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
207 
tions (including such qualified contribu-
tion) to such candidate and the authorized 
committees of such candidate in excess of 
the amount described in subparagraph (A), 
and 
‘‘(ii) such candidate and the author-
ized committees of such candidate will not 
accept contributions from such individual 
(including such qualified contribution) ag-
gregating more than the amount described 
in subparagraph (A) with respect to such 
election.’’. 
(c) CONFORMING AMENDMENTS.— 
(1) REPEAL OF EXPENDITURE LIMITS.— 
(A) IN GENERAL.—Section 315 of the Fed-
eral Election Campaign Act of 1971 (52 U.S.C. 
30116) is amended by striking subsection (b). 
(B) CONFORMING AMENDMENTS.—Section 
315(c) of such Act (52 U.S.C. 30116(c)) is 
amended— 
(i) in paragraph (1)(B)(i), by striking 
‘‘, (b)’’; and 
(ii) in paragraph (2)(B)(i), by striking 
‘‘subsections (b) and (d)’’ and inserting 
‘‘subsection (d)’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00207
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
208 
(2) REPEAL OF REPAYMENT REQUIREMENT.— 
(A) IN GENERAL.—Section 9007(b) of the 
Internal Revenue Code of 1986 is amended by 
striking paragraph (2) and redesignating para-
graphs (3), (4), and (5) as paragraphs (2), (3), 
and (4), respectively. 
(B) 
CONFORMING
AMENDMENT.—Para-
graph (2) of section 9007(b) of such Code, as 
redesignated by subparagraph (A), is amend-
ed— 
(i) by striking ‘‘a major party’’ and 
inserting ‘‘a party’’; 
(ii) by inserting ‘‘qualified contribu-
tions and’’ after ‘‘contributions (other 
than’’; and 
(iii) by striking ‘‘(other than qualified 
campaign expenses with respect to which 
payment is required under paragraph 
(2))’’. 
(3) CRIMINAL PENALTIES.— 
(A) REPEAL OF PENALTY FOR EXCESS EX-
PENSES.—Section 9012 of the Internal Revenue 
Code of 1986 is amended by striking subsection 
(a). 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00208
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
209 
(B) PENALTY FOR ACCEPTANCE OF DIS-
ALLOWED
CONTRIBUTIONS; APPLICATION
OF 
SAME PENALTY FOR CANDIDATES OF MAJOR, 
MINOR, AND NEW PARTIES.—Subsection (b) of 
section 9012 of such Code is amended to read 
as follows: 
‘‘(b) CONTRIBUTIONS.— 
‘‘(1) ACCEPTANCE OF DISALLOWED CONTRIBU-
TIONS.—It shall be unlawful for an eligible can-
didate of a party in a presidential election or any of 
his authorized committees knowingly and willfully to 
accept any contribution to defray qualified campaign 
expenses, except to the extent necessary to make up 
any deficiency in payments received out of the fund 
on account of the application of section 9006(c), or 
to defray expenses which would be qualified cam-
paign expenses but for subparagraph (C) of section 
9002(11). 
‘‘(2) PENALTY.—Any person who violates para-
graph (1) shall be fined not more than $5,000, or 
imprisoned not more than one year, or both. In the 
case of a violation by an authorized committee, any 
officer or member of such committee who knowingly 
and willfully consents to such violation shall be fined 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00209
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
210 
not more than $5,000, or imprisoned not more than 
one year, or both.’’. 
SEC. 2013. MATCHING PAYMENTS AND OTHER MODIFICA-
TIONS TO PAYMENT AMOUNTS. 
(a) IN GENERAL.— 
(1) AMOUNT OF PAYMENTS; APPLICATION OF 
SAME AMOUNT FOR CANDIDATES OF MAJOR, MINOR, 
AND NEW PARTIES.—Subsection (a) of section 9004 
of the Internal Revenue Code of 1986 is amended to 
read as follows: 
‘‘(a) IN GENERAL.—Subject to the provisions of this 
chapter, the eligible candidates of a party in a presidential 
election shall be entitled to equal payment under section 
9006 in an amount equal to 600 percent of the amount 
of each matchable contribution received by such candidate 
or by the candidate’s authorized committees (disregarding 
any amount of contributions from any person to the extent 
that the total of the amounts contributed by such person 
for the election exceeds $200), except that total amount 
to which a candidate is entitled under this paragraph shall 
not exceed $300,000,000.’’. 
(2) REPEAL
OF
SEPARATE
LIMITATIONS
FOR 
CANDIDATES OF MINOR AND NEW PARTIES; INFLA-
TION ADJUSTMENT.—Subsection (b) of section 9004 
of such Code is amended to read as follows: 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00210
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
211 
‘‘(b) INFLATION ADJUSTMENT.— 
‘‘(1) IN GENERAL.—In the case of any applica-
ble period beginning after 2019, the $300,000,000 
dollar amount in subsection (a) shall be increased by 
an amount equal to— 
‘‘(A) such dollar amount; multiplied by 
‘‘(B) the cost-of-living adjustment deter-
mined under section 1(f)(3) for the calendar 
year following the year which such applicable 
period begins, determined by substituting ‘cal-
endar year 2018’ for ‘calendar year 1992’ in 
subparagraph (B) thereof. 
‘‘(2) APPLICABLE
PERIOD.—For purposes of 
this subsection, the term ‘applicable period’ means 
the 4-year period beginning with the first day fol-
lowing the date of the general election for the office 
of President and ending on the date of the next such 
general election. 
‘‘(3) ROUNDING.—If any amount as adjusted 
under paragraph (1) is not a multiple of $10,000, 
such amount shall be rounded to the nearest mul-
tiple of $10,000.’’. 
(3) 
CONFORMING
AMENDMENT.—Section 
9005(a) of such Code is amended by adding at the 
end the following new sentence: ‘‘The Commission 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00211
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
212 
shall make such additional certifications as may be 
necessary to receive payments under section 9004.’’. 
(b) MATCHABLE CONTRIBUTION.—Section 9002 of 
such Code, as amended by section 2012, is amended by 
adding at the end the following new paragraph: 
‘‘(14) MATCHABLE CONTRIBUTION.—The term 
‘matchable contribution’ means, with respect to the 
election to the office of President of the United 
States, a contribution by an individual to a can-
didate or an authorized committee of a candidate 
with respect to which the candidate has certified in 
writing that— 
‘‘(A) the individual making such contribu-
tion has not made aggregate contributions (in-
cluding such matchable contribution) to such 
candidate and the authorized committees of 
such candidate in excess of $1,000 for the elec-
tion; 
‘‘(B) such candidate and the authorized 
committees of such candidate will not accept 
contributions from such individual (including 
such matchable contribution) aggregating more 
than the amount described in subparagraph (A) 
with respect to such election; and 
‘‘(C) such contribution was not— 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00212
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
213 
‘‘(i) forwarded from the contributor 
by any person other than an individual, or 
‘‘(ii) received by the candidate or com-
mittee from a contributor or contributors, 
but credited by the committee or candidate 
to another person who is not an individual 
through records, designations, or other 
means of recognizing (whether in writing 
or not in writing) that a certain amount of 
money has been raised by such person.’’. 
SEC. 2014. INCREASE IN LIMIT ON COORDINATED PARTY 
EXPENDITURES. 
(a) IN GENERAL.—Section 315(d)(2) of the Federal 
Election Campaign Act of 1971 (52 U.S.C. 30116(d)(2)) 
is amended to read as follows: 
‘‘(2)(A) The national committee of a political party 
may not make any expenditure in connection with the gen-
eral election campaign of any candidate for President of 
the United States who is affiliated with such party which 
exceeds $100,000,000. 
‘‘(B) For purposes of this paragraph— 
‘‘(i) any expenditure made by or on behalf of a 
national committee of a political party and in con-
nection with a presidential election shall be consid-
ered to be made in connection with the general elec-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00213
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
214 
tion campaign of a candidate for President of the 
United States who is affiliated with such party; and 
‘‘(ii) any communication made by or on behalf 
of such party shall be considered to be made in con-
nection with the general election campaign of a can-
didate for President of the United States who is af-
filiated with such party if any portion of the commu-
nication is in connection with such election. 
‘‘(C) Any expenditure under this paragraph shall be 
in addition to any expenditure by a national committee 
of a political party serving as the principal campaign com-
mittee of a candidate for the office of President of the 
United States.’’. 
(b) CONFORMING AMENDMENTS RELATING TO TIM-
ING OF COST-OF-LIVING ADJUSTMENT.— 
(1) IN GENERAL.—Section 315(c)(1) of such 
Act (52 U.S.C. 30116(c)(1)), as amended by section 
2012(c)(1)(B), is amended— 
(A) in subparagraph (B), by striking ‘‘(d)’’ 
and inserting ‘‘(d)(3)’’; and 
(B) by inserting at the end the following 
new subparagraph: 
‘‘(D) In any calendar year after 2018— 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00214
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
215 
‘‘(i) the dollar amount in subsection (d)(2) shall 
be increased by the percent difference determined 
under subparagraph (A); 
‘‘(ii) the amount so increased shall remain in 
effect for the calendar year; and 
‘‘(iii) if the amount after adjustment under 
clause (i) is not a multiple of $100, such amount 
shall be rounded to the nearest multiple of $100.’’. 
(2) BASE YEAR.—Section 315(c)(2)(B) of such 
Act (52 U.S.C. 30116(c)(2)(B)), as amended by sec-
tion 2012(c)(1)(B), is amended— 
(A) in clause (i)— 
(i) by striking ‘‘(d)’’ and inserting 
‘‘(d)(3)’’; and 
(ii) by striking ‘‘and’’ at the end; 
(B) in clause (ii), by striking the period at 
the end and inserting ‘‘; and’’; and 
(C) by adding at the end the following new 
clause: 
‘‘(iii) for purposes of subsection (d)(2), cal-
endar year 2017.’’. 
SEC. 2015. ESTABLISHMENT OF UNIFORM DATE FOR RE-
LEASE OF PAYMENTS. 
(a) DATE FOR PAYMENTS.— 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00215
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
217 
SEC. 2016. AMOUNTS IN PRESIDENTIAL ELECTION CAM-
PAIGN FUND. 
(a) DETERMINATION OF AMOUNTS IN FUND.—Sec-
tion 9006(c) of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new sentence: 
‘‘In making a determination of whether there are insuffi-
cient moneys in the fund for purposes of the previous sen-
tence, the Secretary shall take into account in determining 
the balance of the fund for a Presidential election year 
the Secretary’s best estimate of the amount of moneys 
which will be deposited into the fund during the year, ex-
cept that the amount of the estimate may not exceed the 
average of the annual amounts deposited in the fund dur-
ing the previous 3 years.’’. 
(b) SPECIAL RULE FOR FIRST CAMPAIGN CYCLE 
UNDER THIS ACT.— 
(1) IN GENERAL.—Section 9006 of the Internal 
Revenue Code of 1986 is amended by adding at the 
end the following new subsection: 
‘‘(d) SPECIAL AUTHORITY TO BORROW.— 
‘‘(1) IN GENERAL.—Notwithstanding subsection 
(c), there are authorized to be appropriated to the 
fund, as repayable advances, such sums as are nec-
essary to carry out the purposes of the fund during 
the period ending on the first presidential election 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00217
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
218 
occurring after the date of the enactment of this 
subsection. 
‘‘(2) REPAYMENT OF ADVANCES.— 
‘‘(A) IN GENERAL.—Advances made to the 
fund shall be repaid, and interest on such ad-
vances shall be paid, to the general fund of the 
Treasury when the Secretary determines that 
moneys are available for such purposes in the 
fund. 
‘‘(B) RATE OF INTEREST.—Interest on ad-
vances made to the fund shall be at a rate de-
termined by the Secretary of the Treasury (as 
of the close of the calendar month preceding the 
month in which the advance is made) to be 
equal to the current average market yield on 
outstanding marketable obligations of the 
United States with remaining periods to matu-
rity comparable to the anticipated period during 
which the advance will be outstanding and shall 
be compounded annually.’’. 
(2) EFFECTIVE DATE.—The amendment made 
by this subsection shall take effect January 1, 2018. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00218
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
219 
SEC. 2017. USE OF GENERAL ELECTION PAYMENTS FOR 
GENERAL ELECTION LEGAL AND ACCOUNT-
ING COMPLIANCE. 
Section 9002(11) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new 
sentence: ‘‘For purposes of subparagraph (A), an expense 
incurred by a candidate or authorized committee for gen-
eral election legal and accounting compliance purposes 
shall be considered to be an expense to further the election 
of such candidate.’’. 
Subtitle B—Public Financing for 
Congressional Election Campaigns 
SEC. 2101. BENEFITS AND ELIGIBILITY REQUIREMENTS 
FOR CONGRESSIONAL CANDIDATES. 
The Federal Election Campaign Act of 1971 (52 
U.S.C. 30101 et seq.) is amended by adding at the end 
the following: 
‘‘TITLE 
V—PUBLIC 
FINANCING 
OF 
CONGRESSIONAL 
ELEC-
TION CAMPAIGNS 
‘‘Subtitle A—Benefits 
‘‘SEC. 501. BENEFITS FOR PARTICIPATING CANDIDATES. 
‘‘(a) IN GENERAL.—If a candidate for election to the 
office of Senator or Representative in, or Delegate or Resi-
dent Commissioner to, the Congress is a participating can-
didate under this title with respect to an election for such 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00219
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
220 
office, the candidate shall be entitled to payments under 
this title, to be used only for authorized expenditures in 
connection with the election. 
‘‘(b) AMOUNT OF PAYMENT.— 
‘‘(1) MATCH OF QUALIFIED CONTRIBUTIONS.— 
Subject to paragraph (2), the amount of a payment 
made to a participating candidate under this title 
shall be equal to 600 percent of the amount of quali-
fied contributions received by the candidate since the 
most recent payment made to the candidate under 
this title with respect to the election, as set forth— 
‘‘(A) in the case of the first payment made 
to the candidate with respect to the election, in 
the report filed under section 511(a)(2); and 
‘‘(B) in the case of any subsequent pay-
ment made to the candidate with respect to the 
election, in the report of qualified contributions 
filed under subsection (c). 
‘‘(2) LIMITATION.—In determining the amount 
of qualified contributions received by a candidate for 
purposes of making a payment under this section, 
there shall be disregarded any amount of contribu-
tions from any person to the extent that the total of 
the amounts contributed by such person for the elec-
tion exceeds $200. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00220
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
221 
‘‘(c) REPORTS.— 
‘‘(1) IN
GENERAL.—Each participating can-
didate shall file reports of receipts of qualified con-
tributions at such times and in such manner as the 
Commission may by regulations prescribe. 
‘‘(2) CONTENTS
OF
REPORTS.—Each report 
under this subsection shall disclose each qualified 
contribution received by the candidate since the most 
recent report filed under this section, and shall state 
the aggregate amount of all such qualified contribu-
tions received since the most recent report filed 
under this section. 
‘‘(3) FREQUENCY OF REPORTS.—Reports under 
this subsection shall be made no more frequently 
than— 
‘‘(A) once every month until the date that 
is 90 days before the date of the election; 
‘‘(B) once every week after the period de-
scribed in subparagraph (A) and until the date 
that is 21 days before the election; and 
‘‘(C) once every day after the period de-
scribed in subparagraph (B). 
‘‘(4) 
LIMITATION
ON
REGULATIONS.—The 
Commission may not prescribe any regulations with 
respect to reporting under this subsection with re-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00221
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
222 
spect to any election after the date that is 180 days 
before the date of such election. 
‘‘(d) LIMIT
ON
AGGREGATE
AMOUNT
OF
PAY-
MENTS.—The aggregate amount of payments that may be 
made under this title to a participating candidate during 
an election cycle may not exceed— 
‘‘(1) $2,000,000, in the case of a candidate for 
the office of Representative in, or Delegate or Resi-
dent Commissioner to, the Congress; or 
‘‘(2) $10,000,000, in the case of a candidate for 
the office of Senator. 
‘‘(e) INFLATION ADJUSTMENT.—In each odd-num-
bered calendar year after 2018— 
‘‘(1) each of the dollar amounts under sub-
sections (b)(2), (d)(1), and (d)(2) shall be increased 
by the percent difference determined under section 
315(c)(1)(A) (determined by substituting ‘calendar 
year 2017’ for ‘the base period’); 
‘‘(2) each amount so increased shall remain in 
effect for the election cycle beginning on the first 
day following the year in which the amount is in-
creased; and 
‘‘(3) if any amount after adjustment under 
paragraph (1) is— 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00222
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
224 
‘‘(c) APPEALS.—The Commission shall provide a 
written explanation with respect to any denial of any pay-
ment under this title and shall provide for the opportunity 
for review and reconsideration within 5 business days of 
such denial. 
‘‘SEC. 503. QUALIFIED CONTRIBUTION DEFINED. 
‘‘In this title, the term ‘qualified contribution’ means, 
with respect to a candidate, a contribution that meets each 
of the following requirements: 
‘‘(1) The contribution is in an amount that is 
not greater than the limit on the amount of a con-
tribution that may be accepted by a participating 
candidate from an individual under section 521(a). 
‘‘(2) The contribution is made by an individual 
who is not otherwise prohibited from making a con-
tribution under this Act. 
‘‘(3) The contribution is not— 
‘‘(A) forwarded from the contributor by 
any person other than an individual; or 
‘‘(B) received by the candidate or an au-
thorized committee of the candidate from a con-
tributor or contributors, but credited by the 
committee or candidate to another person who 
is not an individual through records, designa-
tions, or other means of recognizing (whether in 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00224
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
225 
writing or not in writing) that a certain amount 
of money has been raised by such person. 
‘‘(4) The contribution meets the requirements 
of section 512(b). 
‘‘Subtitle B—Eligibility and 
Certification 
‘‘SEC. 511. ELIGIBILITY. 
‘‘(a) IN GENERAL.—A candidate for the office of 
Senator or Representative in, or Delegate or Resident 
Commissioner to, the Congress is eligible to be certified 
as a participating candidate under this title with respect 
to an election if the candidate meets the following require-
ments: 
‘‘(1) During the election cycle for the office in-
volved, the candidate files with the Commission a 
statement of intent to seek certification as a partici-
pating candidate. 
‘‘(2) The candidate meets the qualified con-
tribution requirements of section 512 and submits to 
the Commission a report disclosing each qualified 
contribution received by the candidate and stating 
the aggregate amount of all such qualified contribu-
tions received. 
‘‘(3) Not later than the last day of the quali-
fying period, the candidate files with the Commis-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00225
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
226 
sion an affidavit signed by the candidate and the 
treasurer of the candidate’s principal campaign com-
mittee declaring that the candidate— 
‘‘(A) has complied and, if certified, will 
comply with the contribution and expenditure 
requirements of section 521; 
‘‘(B) if certified, will run only as a partici-
pating candidate for all elections for the office 
that such candidate is seeking during the elec-
tion cycle; and 
‘‘(C) has either qualified or will take steps 
to qualify under State law to be on the ballot. 
‘‘(b) GENERAL ELECTION.—Notwithstanding sub-
section (a), a candidate shall not be eligible to receive a 
payment under this title for a general election or a general 
runoff election unless the candidate’s party nominated the 
candidate to be placed on the ballot for the general elec-
tion or the candidate is otherwise qualified to be on the 
ballot under State law. 
‘‘(c) QUALIFYING
PERIOD
DEFINED.—The term 
‘qualifying period’ means, with respect to any candidate 
for the office of Senator or Representative in, or Delegate 
or Resident Commissioner to, the Congress, the 120-day 
period (during the election cycle for such office) which be-
gins on the date on which the candidate files a statement 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00226
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
227 
of intent under section 511(a)(1), except that such period 
may not continue after the date that is 60 days before— 
‘‘(1) the date of the primary election; or 
‘‘(2) in the case of a State that does not hold 
a primary election, the date prescribed by State law 
as the last day to qualify for a position on the gen-
eral election ballot. 
‘‘SEC. 512. QUALIFIED CONTRIBUTION REQUIREMENTS. 
‘‘(a) RECEIPT OF QUALIFIED CONTRIBUTIONS.— 
‘‘(1) IN GENERAL.—A candidate meets the re-
quirements of this section if, during the qualifying 
period described in section 511(c), the candidate ob-
tains— 
‘‘(A) a single qualified contribution from a 
number of individuals equal to or greater 
than— 
‘‘(i) in the case of a candidate for 
election the office of Representative in, or 
Delegate or Resident Commissioner to, the 
Congress, 400, or 
‘‘(ii) in the case of a candidate for the 
office of Senator, the product of 400 and 
the number of Congressional districts in 
the State involved as of the date of the 
election; and 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00227
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
228 
‘‘(B) a total dollar amount of qualified 
contributions equal to or greater than— 
‘‘(i) in the case of a candidate for 
election the office of Representative in, or 
Delegate or Resident Commissioner to, the 
Congress, 
$40,000, 
disregarding 
any 
amount of contributions from any person 
to the extent that the total of the amounts 
contributed by such person for the election 
exceeds $200, or 
‘‘(ii) in the case of a candidate for the 
office of Senator, the product of $40,000 
and the number of Congressional districts 
in the State involved as of the date of the 
election, disregarding any amount of con-
tributions from any person to the extent 
that the total of the amounts contributed 
by such person for the election exceeds 
$200. 
‘‘(2) EXCLUSION
OF
CONTRIBUTIONS
FROM 
OUT-OF-STATE
RESIDENTS.—In determining the 
number of qualified contributions obtained by a can-
didate under paragraph (1)(A) and the dollar 
amount of qualified contributions obtained by a can-
didate under paragraph (1)(B), there shall be ex-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00228
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
229 
cluded any contributions made by an individual who 
does not have a primary residence in the State in 
which such candidate is seeking election. 
‘‘(b) REQUIREMENTS RELATING
TO RECEIPT
OF 
QUALIFIED
CONTRIBUTION.—Each qualified contribu-
tion— 
‘‘(1) may be made by means of a personal 
check, money order, debit card, credit card, or elec-
tronic payment account; 
‘‘(2) shall be accompanied by a signed state-
ment containing the contributor’s name and the con-
tributor’s address in the State in which the primary 
residence of the contributor is located; and 
‘‘(3) shall be acknowledged by a receipt that is 
sent to the contributor with a copy kept by the can-
didate for the Commission and a copy kept by the 
candidate for the election authorities in the State 
with respect to which the candidate is seeking elec-
tion. 
‘‘(c) PROHIBITING PAYMENT ON COMMISSION BASIS 
OF INDIVIDUALS COLLECTING QUALIFIED CONTRIBU-
TIONS.—No person may be paid a commission on a per 
qualified contribution basis for collecting qualified con-
tributions. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00229
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
230 
‘‘SEC. 513. CERTIFICATION. 
‘‘(a) DEADLINE AND NOTIFICATION.— 
‘‘(1) IN
GENERAL.—Not later than 10 days 
after a candidate files an affidavit under section 
511(a)(3), the Commission shall— 
‘‘(A) determine whether or not the can-
didate meets the requirements for certification 
as a participating candidate; 
‘‘(B) if the Commission determines that 
the candidate meets such requirements, certify 
the candidate as a participating candidate; and 
‘‘(C) notify the candidate of the Commis-
sion’s determination. 
‘‘(2) DEEMED CERTIFICATION FOR ALL ELEC-
TIONS IN ELECTION CYCLE.—If the Commission cer-
tifies a candidate as a participating candidate with 
respect to the first election of the election cycle in-
volved, the Commissioner shall be deemed to have 
certified the candidate as a participating candidate 
with respect to all subsequent elections of the elec-
tion cycle. 
‘‘(b) REVOCATION OF CERTIFICATION.— 
‘‘(1) IN GENERAL.—The Commission may re-
voke a certification under subsection (a) if— 
‘‘(A) a candidate fails to qualify to appear 
on the ballot at any time after the date of cer-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00230
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
231 
tification (other than a candidate certified as a 
participating candidate with respect to a pri-
mary election who fails to qualify to appear on 
the ballot for a subsequent election in that elec-
tion cycle); or 
‘‘(B) a candidate otherwise fails to comply 
with the requirements of this title, including 
any regulatory requirements prescribed by the 
Commission. 
‘‘(2) REPAYMENT
OF
BENEFITS.—If certifi-
cation is revoked under paragraph (1), the candidate 
shall repay to the Empowering Citizens Payment Ac-
count of the Presidential Election Campaign Fund 
(established under section 9051 of the Internal Rev-
enue Code of 1986) an amount equal to the value 
of benefits received under this title with respect to 
the election cycle involved plus interest (at a rate de-
termined by the Commission) on any such amount 
received. 
‘‘(c) PARTICIPATING CANDIDATE DEFINED.—In this 
title, a ‘participating candidate’ means a candidate for the 
office of Senator or Representative in, or Delegate or Resi-
dent Commissioner to, the Congress who is certified under 
this section as eligible to receive benefits under this title. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00231
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
232 
‘‘Subtitle C—Requirements for Can-
didates 
Certified 
as 
Partici-
pating Candidates 
‘‘SEC. 521. RESTRICTIONS ON CERTAIN CONTRIBUTIONS 
AND EXPENDITURES. 
‘‘(a) REDUCTION IN OTHERWISE APPLICABLE CON-
TRIBUTION LIMITS.— 
‘‘(1) IN GENERAL.—In the case of a candidate 
who is certified as a participating candidate under 
this title with respect to an election, each limit appli-
cable under paragraph (1)(A) and paragraph (2)(A) 
of section 315(a) to the amount of a contribution 
which may be made to the candidate and any au-
thorized committee of the candidate with respect to 
the election shall be equal to $1,000 for the election. 
‘‘(2) INFLATION ADJUSTMENT.—In each odd- 
numbered calendar year after 2018— 
‘‘(A) the $1,000 amount under paragraph 
(1) shall be increased by the percent difference 
determined under section 315(c)(1)(A) (deter-
mined by substituting ‘calendar year 2017’ for 
‘the base period’); 
‘‘(B) the amount so increased shall remain 
in effect for the election cycle beginning on the 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00232
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
233 
first day following the year in which the amount 
is increased; and 
‘‘(C) if any amount after adjustment under 
subparagraph (A) not a multiple of $100, such 
amount shall be rounded to the nearest multiple 
of $100. 
‘‘(b) PROHIBITING ACCEPTANCE OF CONTRIBUTIONS 
BUNDLED
BY REGISTERED LOBBYISTS.—A candidate 
who is certified as a participating candidate under this 
title with respect to an election, and any authorized com-
mittee of such a candidate, may not accept— 
‘‘(1) any contribution with respect to the elec-
tion which is a bundled contribution (as defined in 
section 304(i)(8)) forwarded by or credited to a per-
son described in section 304(i)(7); or 
‘‘(2) any contribution forwarded by or credited 
to a multicandidate political committee described in 
section 315(a)(4) which would be treated as a bun-
dled contribution under section 304(i)(8) if it were 
forwarded by or credited to a person described in 
section 304(i)(7). 
‘‘(c) LIMIT
ON EXPENDITURES FROM PERSONAL 
FUNDS.—A candidate who is certified as a participating 
candidate under this title may not make expenditures from 
personal funds (as defined in section 304(a)(6)(B)) in an 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00233
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
234 
aggregate amount exceeding $50,000 with respect to any 
election in the election cycle involved. 
‘‘(d) PROHIBITING SOLICITATION OF FUNDS FOR PO-
LITICAL PARTY COMMITTEES.—A candidate who is cer-
tified as a participating candidate under this title may not 
solicit funds for any political committee of a political 
party, except that the candidate may solicit funds for a 
separate account of the committee which is established 
under section 315(d)(5). 
‘‘SEC. 522. REMITTING UNSPENT FUNDS AFTER ELECTION. 
‘‘(a) IN GENERAL.—Not later than the date that is 
60 days after the last election for which a candidate cer-
tified as a participating candidate qualifies to be on the 
ballot during the election cycle involved, such participating 
candidate shall remit to the Commission for deposit in the 
Empowering Citizens Payment Account of the Presi-
dential Election Campaign Fund (established under sec-
tion 9051 of the Internal Revenue Code of 1986) an 
amount equal to the lesser of— 
‘‘(1) the amount of money in the candidate’s 
campaign account; or 
‘‘(2) the amount of the payments received by 
the candidate under this title. 
‘‘(b) EXCEPTION
FOR EXPENDITURES INCURRED 
BUT NOT PAID AS OF DATE OF REMITTANCE.— 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00234
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
235 
‘‘(1) IN GENERAL.—Subject to subsection (a), a 
candidate may withhold from the amount required to 
be remitted under paragraph (1) of such subsection 
the amount of any authorized expenditures which 
were incurred in connection with the candidate’s 
campaign but which remain unpaid as of the dead-
line applicable to the candidate under such sub-
section, except that any amount withheld pursuant 
to this paragraph shall be remitted to the Commis-
sion not later than 120 days after the date of the 
election to which such subsection applies. 
‘‘(2) DOCUMENTATION
REQUIRED.—A can-
didate may withhold an amount of an expenditure 
pursuant to paragraph (1) only if the candidate sub-
mits documentation of the expenditure and the 
amount to the Commission not later than the dead-
line applicable to the candidate under subsection (a). 
‘‘Subtitle D—Administrative 
Provisions 
‘‘SEC. 531. ADMINISTRATION BY COMMISSION. 
‘‘The Commission shall prescribe regulations to carry 
out the purposes of this title, including regulations to es-
tablish procedures for— 
‘‘(1) verifying the amount of qualified contribu-
tions with respect to a candidate; 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00235
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
236 
‘‘(2) effectively and efficiently monitoring and 
enforcing the limits on the raising of qualified con-
tributions; 
‘‘(3) effectively and efficiently monitoring and 
enforcing the limits on the use of personal funds by 
participating candidates; and 
‘‘(4) monitoring the use of payments under this 
title through audits of not fewer than 1⁄3 of all par-
ticipating candidates or other mechanisms. 
‘‘SEC. 532. VIOLATIONS AND PENALTIES. 
‘‘(a) CIVIL PENALTY FOR VIOLATION OF CONTRIBU-
TION
AND EXPENDITURE REQUIREMENTS.—If a can-
didate who has been certified as a participating candidate 
accepts a contribution or makes an expenditure that is 
prohibited under section 521, the Commission shall assess 
a civil penalty against the candidate in an amount that 
is not more than 3 times the amount of the contribution 
or expenditure. Any amounts collected under this sub-
section shall be deposited into the Empowering Citizens 
Payment Account of the Presidential Election Campaign 
Fund (established under section 9051 of the Internal Rev-
enue Code of 1986). 
‘‘(b) REPAYMENT FOR IMPROPER USE OF EMPOW-
ERING CITIZENS PAYMENT ACCOUNT.— 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00236
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
237 
‘‘(1) IN GENERAL.—If the Commission deter-
mines that any benefit made available to a partici-
pating candidate was not used as provided for in 
this title or that a participating candidate has vio-
lated any of the dates for remission of funds con-
tained in this title, the Commission shall so notify 
the candidate and the candidate shall pay to the 
Empowering Citizens Payment Account of the Presi-
dential Election Campaign Fund an amount equal 
to— 
‘‘(A) the amount of benefits so used or not 
remitted, as appropriate; and 
‘‘(B) interest on any such amounts (at a 
rate determined by the Commission). 
‘‘(2) OTHER
ACTION
NOT
PRECLUDED.—Any 
action by the Commission in accordance with this 
subsection shall not preclude enforcement pro-
ceedings by the Commission in accordance with sec-
tion 309(a), including a referral by the Commission 
to the Attorney General in the case of an apparent 
knowing and willful violation of this title. 
‘‘SEC. 533. ELECTION CYCLE DEFINED. 
‘‘In this title, the term ‘election cycle’ means, with 
respect to an election for the office of Senator or Rep-
resentative in, or Delegate or Resident Commissioner to, 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00237
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
238 
the Congress, the period beginning on the day after the 
date of the most recent general election for that office (or, 
if the general election resulted in a runoff election, the 
date of the runoff election) and ending on the date of the 
next general election for that office (or, if the general elec-
tion resulted in a runoff election, the date of the runoff 
election).’’. 
SEC. 2102. PERMITTING UNLIMITED COORDINATED EX-
PENDITURES BY POLITICAL PARTY COMMIT-
TEES ON BEHALF OF PARTICIPATING CAN-
DIDATES IF EXPENDITURES ARE DERIVED 
FROM SMALL DOLLAR CONTRIBUTIONS. 
Section 315(d) of the Federal Election Campaign Act 
of 1971 (52 U.S.C. 30116(d)), as amended by section 
2101(b) of Division N of the Consolidated and Further 
Continuing Appropriations Act, 2015 (Public Law 113– 
235; 128 Stat. 2773), is amended by adding at the end 
the following new paragraph: 
‘‘(6) In determining the amount of expenditures 
made by a committee under paragraph (3) in connection 
with the campaign of a candidate who is certified as a 
participating candidate under title V, there shall be ex-
cluded any expenditures which are derived from a separate 
account established by the committee for which the only 
sources of funds are contributions made during the elec-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00238
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
239 
tion cycle in an amount which does not exceed $1,000 per 
contributor.’’. 
SEC. 2103. PROHIBITING USE OF CONTRIBUTIONS BY PAR-
TICIPATING 
CANDIDATES 
FOR 
PURPOSES 
OTHER THAN CAMPAIGN FOR ELECTION. 
Section 313 of the Federal Election Campaign Act 
of 1971 (52 U.S.C. 30114) is amended by adding at the 
end the following new subsection: 
‘‘(d) RESTRICTIONS ON PERMITTED USES OF FUNDS 
BY
CANDIDATES
RECEIVING
MATCHING
PUBLIC 
FUNDS.—Notwithstanding paragraph (2), (3), or (4) of 
subsection (a), if a candidate for election for the office 
of Senator or Representative in, or Delegate or Resident 
Commissioner to, the Congress is certified as a partici-
pating candidate under title V with respect to the election, 
any contribution which the candidate is permitted to ac-
cept under such title may be used only for authorized ex-
penditures in connection with the candidate’s campaign 
for such office.’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00239
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
240 
Subtitle 
C—Use 
of 
Presidential 
Election Campaign Fund for 
Public 
Financing 
of 
Federal 
Elections 
SEC. 2201. USE OF PRESIDENTIAL ELECTION CAMPAIGN 
FUND FOR CONGRESSIONAL CANDIDATES. 
Subtitle H of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new chapter: 
‘‘CHAPTER 97—EMPOWERING CITIZENS 
PAYMENT ACCOUNT 
‘‘Sec. 9051. Payments to Congressional candidates. 
‘‘SEC. 9051. PAYMENTS TO CONGRESSIONAL CANDIDATES. 
‘‘(a) ESTABLISHMENT OF ACCOUNT.—The Secretary 
shall maintain in the Presidential Election Campaign 
Fund established by section 9006(a), in addition to any 
account which he maintains under such section, a separate 
account to be known as the Empowering Citizens Payment 
Account (hereinafter in this section referred to as the ‘Ac-
count’). 
‘‘(b) AMOUNTS TRANSFERRED TO ACCOUNT.— 
‘‘(1) IN GENERAL.—The Secretary shall deposit 
into the Account the excess of— 
‘‘(A) the balance of the Federal Election 
Campaign Fund (determined without regard to 
the Account), over 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00240
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
241 
‘‘(B) the amount determined by the Sec-
retary to be required for payments under sec-
tion 9006(c) and for payments under section 
9037(b). 
‘‘(2) SUPPLEMENTAL TRANSFERS.—There are 
hereby appropriated to the Account an amount equal 
to the excess (if any) of— 
‘‘(A) the amount required to provide pay-
ments to candidates for election to the office of 
Senator or Representative in, or Delegate or 
Resident Commissioner to, the Congress who 
are participating candidates under title V of the 
Federal Election Campaign Act of 1971, over 
‘‘(B) the amounts transferred to such Ac-
count under paragraph (1). 
‘‘(c) USE OF ACCOUNT FOR PAYMENTS TO CONGRES-
SIONAL CANDIDATES PARTICIPATING IN PUBLIC FINANC-
ING PROGRAM.—The Secretary shall transfer amounts in 
the Account to the Federal Election Commission, at such 
times and in such amounts as the Federal Election Com-
mission may certify, for payments to candidates for elec-
tion to the office of Senator or Representative in, or Dele-
gate or Resident Commissioner to, the Congress who are 
participating candidates under title V of the Federal Elec-
tion Campaign Act of 1971.’’. 
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00241
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS
260 
(A) IN GENERAL.—Not later than 14 days 
after receiving the selection pool from the non-
partisan agency under paragraph (1), the Select 
Committee on Redistricting shall— 
(i) approve the pool as submitted by 
the nonpartisan agency, in which case the 
pool shall be considered the approved selec-
tion 
pool 
for 
purposes 
of 
section 
3201(a)(1); or 
(ii) reject the pool, in which case the 
nonpartisan agency shall develop and sub-
mit a replacement selection pool in accord-
ance with subsection (c). 
(B) INACTION
DEEMED
REJECTION.—If 
the Select Committee on Redistricting fails to 
approve or reject the pool within the deadline 
set forth in subparagraph (A), the Select Com-
mittee shall be deemed to have rejected the pool 
for purposes of such subparagraph. 
(c) DEVELOPMENT
OF REPLACEMENT SELECTION 
POOL.— 
(1) IN GENERAL.—If the Select Committee on 
Redistricting rejects the selection pool submitted by 
the nonpartisan agency under subsection (b), not 
later than 14 days after the rejection, the non-
VerDate Sep 11 2014 
00:30 Sep 30, 2017
Jkt 069200
PO 00000
Frm 00260
Fmt 6652
Sfmt 6201
E:\BILLS\H3848.IH
H3848
dlhill on DSK3GLQ082PROD with BILLS