I 
111TH CONGRESS 
2D SESSION 
H. R. 6061 
To amend the Internal Revenue Code of 1986 to reform the system of 
public financing for Presidential elections, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 30, 2010 
Mr. PRICE of North Carolina (for himself, Mr. CASTLE, Mr. VAN HOLLEN, 
and Mr. PLATTS) introduced the following bill; which was referred to the 
Committee on House Administration, and in addition to the Committee 
on Ways and Means, for a period to be subsequently determined by the 
Speaker, in each case for consideration of such provisions as fall within 
the jurisdiction of the committee concerned 
A BILL 
To amend the Internal Revenue Code of 1986 to reform 
the system of public financing for Presidential elections, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Presidential Funding Act of 2010’’. 
(b) TABLE OF CONTENTS.—The table of contents of 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
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TITLE I—PRIMARY ELECTIONS 
Sec. 101. Increase in and modifications to matching payments. 
Sec. 102. Eligibility requirements for matching payments. 
Sec. 103. Inflation adjustment for contribution limitations and matching con-
tributions. 
Sec. 104. Repeal of expenditure limitations. 
Sec. 105. Period of availability of matching payments. 
Sec. 106. Examination and audits of matchable contributions. 
Sec. 107. Modification to limitation on contributions for presidential primary 
candidates. 
TITLE II—GENERAL ELECTIONS 
Sec. 201. Modification of eligibility requirements for public financing. 
Sec. 202. Repeal of expenditure limitations and use of qualified campaign con-
tributions. 
Sec. 203. Matching payments and other modifications to payment amounts. 
Sec. 204. Inflation adjustment for payment amounts and qualified contribu-
tions. 
Sec. 205. Increase in limit on coordinated party expenditures. 
Sec. 206. Establishment of uniform date for release of payments. 
Sec. 207. Amounts in Presidential Election Campaign Fund. 
Sec. 208. Use of general election payments for general election legal and ac-
counting compliance. 
TITLE III—POLITICAL CONVENTIONS 
Sec. 301. Repeal of public financing of party conventions. 
Sec. 302. Contributions for political conventions. 
Sec. 303. Prohibition on use of soft money. 
TITLE IV—OTHER PROVISIONS 
Sec. 401. Revisions to designation of income tax payments by individual tax-
payers. 
Sec. 402. Regulations with respect to best efforts for identifying persons mak-
ing contributions. 
Sec. 403. Prohibition on joint fundraising committees. 
Sec. 404. Disclosure of bundled contributions to presidential campaigns. 
Sec. 405. Judicial review of actions related to campaign finance laws. 
TITLE V—SEVERABILITY AND EFFECTIVE DATE 
Sec. 501. Severability. 
Sec. 502. Effective date. 
TITLE I—PRIMARY ELECTIONS 
SEC. 101. INCREASE IN AND MODIFICATIONS TO MATCHING 
PAYMENTS. 
(a) INCREASE AND MODIFICATION.— 
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(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 400 percent of the amount of 
each matchable contribution’’; 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 
(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— 
‘‘(A) which does not exceed $200, and 
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‘‘(B) with respect to which the candidate 
has certified in writing that— 
‘‘(i) the individual making such con-
tribution has not made aggregate contribu-
tions (including such matchable contribu-
tion) to such candidate and the authorized 
committees of such candidate in excess of 
$200 with respect to such nomination, 
‘‘(ii) such candidate and the author-
ized committees of such candidate will not 
accept contributions from such individual 
(including such matchable contribution) 
aggregating more than $200 with respect 
to such nomination, and 
‘‘(iii) such contribution was not— 
‘‘(I) forwarded from the contrib-
utor from any person other than an 
individual, or 
‘‘(II) received by the candidate or 
committee from a contributor or con-
tributors, but credited by the com-
mittee or candidate to another person 
who is not an individual through 
records, designations, or other means 
of recognizing that a certain amount 
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of money has been raised by such per-
son. 
‘‘(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’’. 
(b) MODIFICATION OF PAYMENT LIMITATION.—Sec-
tion 9034(b) of the Internal Revenue Code of 1986 is 
amended by striking ‘‘shall not exceed’’ and all that fol-
lows and inserting ‘‘shall not exceed $100,000,000.’’ 
SEC. 102. ELIGIBILITY REQUIREMENTS FOR MATCHING 
PAYMENTS. 
(a) AMOUNT OF AGGREGATE CONTRIBUTIONS PER 
STATE.—Section 9033(b)(3) of the Internal Revenue Code 
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of 1986 is amended by striking ‘‘$5,000’’ and inserting 
‘‘$25,000’’. 
(b) CONTRIBUTION LIMIT.— 
(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.’’. 
(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 101(a)(3)(A) is amended by 
inserting ‘‘or 9033(b)’’ after ‘‘9034’’. 
(c) BAN ON CONTRIBUTIONS BY LOBBYISTS AND 
PACS.—Section 9033(b) of such Code, as amended by 
subsection (b), is amended— 
(1) by striking ‘‘and’’ at the end of paragraph 
(3); 
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(2) by striking the period at the end of para-
graph (4) and inserting ‘‘, and’’; and 
(3) by adding at the end the following new 
paragraph: 
‘‘(5) the candidate and the authorized com-
mittee of the candidate will not accept— 
‘‘(A) any contribution from— 
‘‘(i) an individual who is a current 
registrant under section 4(a)(1) of the 
Lobbying Disclosure Act of 1995, or 
‘‘(ii) an individual who is listed on a 
current registration filed under section 
4(b)(6) of such Act or a current report 
under section 5(b)(2)(C) of such Act, 
‘‘(B) any bundled contribution (as defined 
in section 304(i)(8)) forwarded by or credited 
to a person described in section 304(i)(7), and 
‘‘(C) any contribution from a political com-
mittee other than a political committee of a po-
litical party.’’. 
(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); 
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(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.’’. 
SEC. 103. INFLATION ADJUSTMENT FOR CONTRIBUTION 
LIMITATIONS 
AND 
MATCHING 
CONTRIBU-
TIONS. 
Section 9033 of such Code is amended by adding at 
the end the following new subsection: 
‘‘(d) INFLATION ADJUSTMENTS.— 
‘‘(1) IN GENERAL.—In the case of any applica-
ble period beginning after 2012, each of the dollar 
amounts in subsection (b)(4) and section 9034(b) 
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-
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endar year 2012’ 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 last 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 $100, such 
amount shall be rounded to the nearest multiple of 
$100.’’. 
SEC. 104. 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: 
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‘‘(1) the candidate will comply with the per-
sonal expenditure limitation under section 9035,’’. 
SEC. 105. PERIOD OF AVAILABILITY OF MATCHING PAY-
MENTS. 
Section 9032(6) of such Code is amended by striking 
‘‘the beginning of the calendar 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’’. 
SEC. 106. 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. 107. MODIFICATION TO LIMITATION ON CONTRIBU-
TIONS FOR PRESIDENTIAL PRIMARY CAN-
DIDATES. 
Section 315(a)(6) of the Federal Election Campaign 
Act of 1971 (2 U.S.C. 441a(a)(6)) is amended by striking 
‘‘calendar year’’ and inserting ‘‘four-year election cycle’’. 
TITLE II—GENERAL ELECTIONS 
SEC. 201. MODIFICATION OF ELIGIBILITY REQUIREMENTS 
FOR PUBLIC FINANCING. 
Section 9003(a) of the Internal Revenue Code of 
1986 is amended to read as follows: 
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‘‘(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. 
‘‘(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
CERTAIN
CONTRIBUTIONS
AND 
SOLICITATIONS.—The candidates certify to the Com-
mission, under penalty of perjury, the following: 
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‘‘(A) LOBBYISTS
AND
PACS.—Such can-
didates and the authorized committees of such 
candidates will not accept— 
‘‘(i) any contribution from— 
‘‘(I) an individual who is a cur-
rent registrant under section 4(a)(1) 
of the Lobbying Disclosure Act of 
1995, or 
‘‘(II) an individual who is listed 
on a current registration filed under 
section 4(b)(6) of such Act or a cur-
rent report under section 5(b)(2)(C) 
of such Act, 
‘‘(ii) any bundled contribution (as de-
fined in section 304(i)(8)) forwarded by or 
credited to a person described in section 
304(i)(7), and 
‘‘(iii) any contribution from a political 
committee other than a political committee 
of a political party. 
‘‘(B) SOLICITATIONS
FOR
JOINT
FUND-
RAISING
COMMITTEES.—Such candidates and 
their authorized committees will not, after June 
1 of the election year, solicit any funds for any 
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joint fundraising committee that includes any 
committee of a political party. 
‘‘(C) SOLICITATION FOR POLITICAL PAR-
TIES.—Such candidates and their authorized 
committees will not, after the date described in 
section 9006(b), solicit any funds for any com-
mittee of a political party. 
Such certification shall be made within such time 
prior to the day of the presidential election as the 
Commission shall prescribe by rules or regulations.’’. 
SEC. 202. REPEAL OF EXPENDITURE LIMITATIONS AND USE 
OF QUALIFIED CAMPAIGN CONTRIBUTIONS. 
(a) MAJOR PARTIES.—Subsection (b) of section 9003 
of the Internal Revenue Code of 1986 is amended to read 
as follows: 
‘‘(b) MAJOR PARTIES.—In order to be eligible to re-
ceive any payments under section 9006, the candidates of 
a major party in a presidential election shall certify to the 
Commission, under penalty of perjury, that— 
‘‘(1) such candidates and their authorized com-
mittees have not and will not accept any contribu-
tions to defray qualified campaign expenses other 
than— 
‘‘(A) qualified campaign contributions, and 
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‘‘(B) contributions to the extent necessary 
to make up any deficiency payments received 
out of the fund on account of the application of 
section 9006(c), and 
‘‘(2) such candidates and their authorized com-
mittees have not and will not accept any contribu-
tion to defray expenses which would be qualified 
campaign expenses but for subparagraph (C) of sec-
tion 9002(11). 
Such certification shall be made at the same time as the 
certification required under subsection (a)(3).’’. 
(b) MINOR AND NEW PARTIES.—Subsection (c) of 
section 9003 of the Internal Revenue Code of 1986 is 
amended to read as follows: 
‘‘(c) MINOR AND NEW PARTIES.—In order to be eli-
gible to receive any payments under section 9006, the can-
didates of a minor or new party in a presidential election 
shall certify to the Commission, under penalty of perjury, 
that such candidates and their authorized committees have 
not and will not accept any contributions to defray quali-
fied campaign expenses other than— 
‘‘(1) qualified campaign contributions, and 
‘‘(2) contributions other than qualified cam-
paign contributions to the extent to which— 
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‘‘(A) the aggregate payments to which 
such candidates would be entitled under section 
9004 if such candidates were candidates of a 
major party, exceed 
‘‘(B) the aggregate payments to which 
such candidates are entitled to under section 
9004. 
Such certification shall be made at the same time as the 
certification required under subsection (a)(3).’’. 
(c) DEFINITION
OF QUALIFIED CAMPAIGN CON-
TRIBUTIONS.—Section 9002 of the Internal Revenue Code 
of 1986 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) is made after June 1 of the year in 
which the election is held, 
‘‘(B) does not exceed $500, and 
‘‘(C) with respect to which the candidate 
has certified in writing that— 
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‘‘(i) the individual making such con-
tribution has not made aggregate contribu-
tions (including such qualified contribu-
tion) to such candidate and the authorized 
committees of such candidate in excess of 
$500 with respect to such election, 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 $500 with respect to 
such election.’’. 
(d) CONFORMING AMENDMENTS.— 
(1) REPEAL OF EXPENDITURE LIMITS.— 
(A) Section 315 of the Federal Election 
Campaign Act of 1971 (2 U.S.C. 441a) is 
amended by striking subsection (b). 
(B) Section 315(c) of such Act (2 U.S.C. 
441a(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)’’. 
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(2) LIMITATION ON PAYMENTS TO CANDIDATES 
OF MINOR AND NEW PARTIES.—Paragraph (1) of 
section 9004(b) of the Internal Revenue Code of 
1986 is amended by inserting ‘‘, other than qualified 
contributions,’’ after ‘‘contributions’’. 
(3) REPAYMENTS.— 
(A) Section 9007(b) of such Code is 
amended by striking paragraph (2) and redesig-
nating paragraphs (3), (4), and (5) as para-
graphs (2), (3), and (4), respectively. 
(B) Paragraph (2) of section 9007(b) of 
such Code, as redesignated by subparagraph 
(A), is amended by inserting ‘‘qualified con-
tributions and’’ after ‘‘contributions (other 
than’’. 
(4) CRIMINAL PENALTIES.— 
(A) EXCESS EXPENSES.—Section 9012(a) 
of the Internal Revenue Code of 1986 is 
amended by striking the first sentence. 
(B) CONTRIBUTIONS.— 
(i) CANDIDATES
OF
MAJOR
PAR-
TIES.—Section 9012(b)(1) of the Internal 
Revenue Code of 1986 is amended by in-
serting ‘‘other than qualified contribu-
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tions,’’ after ‘‘to defray qualified campaign 
expenses,’’. 
(ii) CANDIDATES
OF
OTHER
PAR-
TIES.—Section 9012(b)(2) of such Code is 
amended by inserting ‘‘, other than quali-
fied contributions,’’ after ‘‘contributions’’. 
SEC. 203. MATCHING PAYMENTS AND OTHER MODIFICA-
TIONS TO PAYMENT AMOUNTS. 
(a) IN GENERAL.— 
(1) AMOUNT OF PAYMENTS FOR MAJOR PARTY 
CANDIDATES.—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— 
‘‘(1) MAJOR PARTIES.—The eligible candidates 
of each major party in a presidential election shall 
be entitled to equal payment under section 9006 in 
an amount equal to— 
‘‘(A) $50,000,000, plus 
‘‘(B) an amount equal to 400 percent of 
the amount of each matchable contribution re-
ceived by such candidate on or after June 1 of 
the year of the presidential election, or by his 
authorized committees. 
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The total amount of payments to which a major 
party candidate is entitled under subparagraph (B) 
shall not exceed $150,000,000. 
‘‘(2) PRE-ELECTION
PAYMENTS
FOR
MINOR 
AND NEW PARTIES.— 
‘‘(A) PAYMENT BASED ON PRIOR VOTES 
RECEIVED BY PARTY.— 
‘‘(i) IN GENERAL.—The eligible can-
didates of a minor party in a presidential 
election shall be entitled to equal payment 
under section 9006 in an amount equal to 
the sum of— 
‘‘(I) the product of the popular 
vote ratio with respect to such minor 
party and the amount in effect under 
paragraph (1)(A), plus 
‘‘(II) an amount equal to the ap-
plicable percentage of the amount of 
each matchable contribution received 
by such candidate on or after June 1 
of the year of the presidential election, 
or by his authorized committees. 
The total amount of payments to which 
such a candidate is entitled under sub-
clause (II) shall not exceed the product of 
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the amount in effect under the last sen-
tence of paragraph (1)(A) and the popular 
vote ratio with respect to such minor 
party. 
‘‘(ii) POPULAR VOTE RATIO WITH RE-
SPECT TO A MINOR PARTY.—For purposes 
of this subparagraph, the popular vote 
ratio with respect to a minor party is the 
ratio of the number of popular votes re-
ceived by the candidate for President of 
the minor party, as such candidate, in the 
preceding presidential election to the aver-
age number of popular votes received by 
the candidates for President of the major 
parties in the preceding presidential elec-
tion. 
‘‘(iii) APPLICABLE
PERCENTAGE.— 
For purposes of subparagraph (A), the ap-
plicable percentage is the product of 400 
percent and the popular vote ratio with re-
spect to such minor party. 
‘‘(B) PAYMENT BASED ON PRIOR VOTES 
RECEIVED BY CANDIDATE.— 
‘‘(i) IN GENERAL.—If the candidate of 
one or more political parties (not including 
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a major party) for the office of President 
was a candidate for such office in the pre-
ceding presidential election and received 5 
percent or more but less than 25 percent 
of the total number of popular votes re-
ceived by all candidates for such office, 
such candidate and his running mate for 
the office of Vice President, upon compli-
ance with the provisions of section 9003(a) 
and (c), shall be treated as eligible can-
didates entitled to payments under section 
9006 in an amount computed as provided 
in subparagraph (A), determined by sub-
stituting ‘the popular vote ratio with re-
spect to such candidate’ for ‘the popular 
vote ratio with respect to such minor 
party’ each place it appears. 
‘‘(ii) POPULAR VOTE RATIO WITH RE-
SPECT TO A CANDIDATE.—For purposes of 
this subparagraph, the popular vote ratio 
with respect to a candidate is the ratio of 
the number of popular votes received by 
such candidate for the office of President 
in the preceding presidential election to the 
average number of popular votes received 
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tions (including such matchable contribu-
tion) to such candidate and the authorized 
committees of such candidate in excess of 
$200 with respect to such election, 
‘‘(ii) such candidate and the author-
ized committees of such candidate will not 
accept contributions from such individual 
(including such matchable contribution) 
aggregating more than $200 with respect 
to such election, and 
‘‘(iii) such contribution was not— 
‘‘(I) forwarded from the contrib-
utor from any person other than an 
individual, or 
‘‘(II) received by the candidate or 
committee from a contributor or con-
tributors, but credited by the com-
mittee or candidate to another person 
who is not an individual through 
records, designations, or other means 
of recognizing that a certain amount 
of money has been raised by such per-
son.’’. 
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SEC. 
204. 
INFLATION 
ADJUSTMENT 
FOR 
PAYMENT 
AMOUNTS AND QUALIFIED CONTRIBUTIONS. 
Section 9004 of such Code is amended by adding at 
the end the following new subsection: 
‘‘(f) INFLATION ADJUSTMENTS.— 
‘‘(1) IN GENERAL.—In the case of any applica-
ble period beginning after 2012, each of the dollar 
amounts in subsection (a)(1) and section 9002(13) 
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 2012’ 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 last 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 $100, such 
amount shall be rounded to the nearest multiple of 
$100.’’. 
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SEC. 205. INCREASE IN LIMIT ON COORDINATED PARTY EX-
PENDITURES. 
(a) IN GENERAL.—Section 315(d)(2) of the Federal 
Election Campaign Act of 1971 (2 U.S.C. 441a(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 $50,000,000. 
‘‘(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-
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-
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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 (2 U.S.C. 441a(c)(1)), as amended by section 
202(d)(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 2012— 
‘‘(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 (2 U.S.C. 441a(c)(2)(B)), as amended by sec-
tion 202(d)(1)(B), is amended— 
(A) in clause (i)— 
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(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 2011.’’. 
SEC. 206. ESTABLISHMENT OF UNIFORM DATE FOR RE-
LEASE OF PAYMENTS. 
(a) DATE FOR PAYMENTS.— 
(1) IN GENERAL.—Section 9006(b) of the In-
ternal Revenue Code of 1986 is amended to read as 
follows: 
‘‘(b) PAYMENTS FROM THE FUND.—If the Secretary 
of the Treasury receives a certification from the Commis-
sion under section 9005 for payment to the eligible can-
didates of a political party, the Secretary shall pay to such 
candidates out of the fund the amount certified by the 
Commission on the later of— 
‘‘(1) the last Friday occurring before the first 
Monday in September, or 
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‘‘(2) 24 hours after receiving the certifications 
for the eligible candidates of all major political par-
ties. 
Amounts paid to any such candidates shall be under the 
control of such candidates.’’. 
(2) CONFORMING AMENDMENT.—The first sen-
tence of section 9006(c) of such Code is amended by 
striking ‘‘the time of a certification by the Commis-
sion under section 9005 for payment’’ and inserting 
‘‘the time of making a payment under subsection 
(b)’’. 
(b) TIME FOR CERTIFICATION.—Section 9005(a) of 
the Internal Revenue Code of 1986 is amended by striking 
‘‘10 days’’ and inserting ‘‘24 hours’’. 
SEC. 207. 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-
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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 
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-
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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 on the date of the 
enactment of this Act. 
SEC. 208. USE OF GENERAL ELECTION PAYMENTS FOR GEN-
ERAL ELECTION LEGAL AND ACCOUNTING 
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.’’. 
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TITLE III—POLITICAL 
CONVENTIONS 
SEC. 301. REPEAL OF PUBLIC FINANCING OF PARTY CON-
VENTIONS. 
(a) IN GENERAL.—Chapter 95 of the Internal Rev-
enue Code of 1986 is amended by striking section 9008. 
(b) CONFORMING AMENDMENTS.— 
(1) Section 9006(c) of such Code is amended by 
striking ‘‘section 9008(b)(3)’’. 
(2) Section 9009 of such Code is amended by 
inserting ‘‘and’’ at the end of paragraph (3), by 
striking the semicolon at the end of paragraph (4) 
and inserting a period, and by striking paragraphs 
(5) and (6). 
(3) Section 9012 of such Code, as amended by 
section 202(d)(4), is amended— 
(A) by striking subsection (a) and redesig-
nating subsections (b) through (f) as sub-
sections (a) through (e), respectively; and 
(B) in subsection (a), as redesignated by 
subparagraph (A), by striking paragraph (2) 
and redesignating paragraph (3) as paragraph 
(2). 
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(4) Section 9037(a) of such Code is amended 
by striking ‘‘and for payments under section 
9008(b)(3)’’. 
SEC. 302. CONTRIBUTIONS FOR POLITICAL CONVENTIONS. 
(a) SEPARATE CONTRIBUTION LIMITATION.— 
(1) INDIVIDUALS.— 
(A) IN
GENERAL.—Subsection (a)(1) of 
section 315 of the Federal Election Campaign 
Act of 1971 (2 U.S.C. 441a) is amended by 
striking ‘‘or’’ at the end of subparagraph (C), 
by striking the period at the end of subpara-
graph (D) and inserting ‘‘; or’’, and by adding 
at the end the following new subparagraph: 
‘‘(E) to the national nominating convention 
account of political committees established and 
maintained by a national political party, in any 
4-year period ending on the last day of the cal-
endar year beginning on the day after a general 
election for the office of President which, in the 
aggregate, exceed the dollar amount in effect 
under subparagraph (B);’’. 
(B) CONFORMING AMENDMENT.—Subpara-
graph (B) of section 315(a)(1) of such Act (2 
U.S.C. 441a(a)(1)) is amended by inserting 
‘‘(other than to the national nominating conven-
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tion accounts of such political committees which 
are described in subparagraph (E))’’ after ‘‘na-
tional political party’’. 
(2) AGGREGATE CONTRIBUTION LIMITATION.— 
Paragraph (3) of section 315(a) of such Act (2 
U.S.C. 441a(a)) is amended by adding at the end 
the following new flush sentence: 
‘‘The dollar amount in subparagraph (B) shall be in-
creased by the amount of contributions (not in excess of 
the dollar amount in effect under subparagraph (E)) made 
to the national nominating convention account of a polit-
ical committee established and maintained by a national 
political party during the period described in the preceding 
sentence.’’. 
(b) NATIONAL
NOMINATING
CONVENTION
AC-
COUNT.—Subsection (a) of section 315 of such Act (2 
U.S.C. 441a) is amended by adding at the end the fol-
lowing new paragraph: 
‘‘(9) For purposes of this subsection, the na-
tional nomination convention account of any political 
committees established and maintained by a national 
political party is a separate account the funds of 
which may only be used to defray the costs of the 
national nominating convention of such party.’’. 
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SEC. 303. PROHIBITION ON USE OF SOFT MONEY. 
Section 323 of the Federal Election Campaign Act 
of 1971 (2 U.S.C. 441i) is amended by adding at the end 
the following new subsection: 
‘‘(g) NATIONAL
CONVENTIONS.—Any person de-
scribed in subsection (a) or (e) shall not solicit, receive, 
direct, transfer, or spend any funds in connection with a 
presidential nominating convention of any political party, 
including funds from or for a host committee, civic com-
mittee, municipality, or any other person or entity spend-
ing funds in connection with such a convention, unless 
such funds— 
‘‘(1) are not in excess of the amounts permitted 
with respect to contributions to the political com-
mittee established and maintained by a national po-
litical party committee under section 315; and 
‘‘(2) are not from sources prohibited by this Act 
from making contributions in connection with an 
election for Federal office.’’. 
TITLE IV—OTHER PROVISIONS 
SEC. 401. REVISIONS TO DESIGNATION OF INCOME TAX 
PAYMENTS BY INDIVIDUAL TAXPAYERS. 
(a) INCREASE IN AMOUNT DESIGNATED.—Section 
6096(a) of the Internal Revenue Code of 1986 is amend-
ed— 
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‘‘(2) USE OF FUNDS FOR PROGRAM.—Amounts 
in the Presidential Election Campaign Fund shall be 
made available to the Federal Election Commission 
to carry out the program under this subsection, ex-
cept that the amount made available for this pur-
pose may not exceed $10,000,000 with respect to 
any Presidential election cycle. In this paragraph, a 
‘Presidential election cycle’ is the 4-year period be-
ginning with January of the year following a Presi-
dential election.’’. 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on the date of the enactment 
of this Act. 
SEC. 402. REGULATIONS WITH RESPECT TO BEST EFFORTS 
FOR IDENTIFYING PERSONS MAKING CON-
TRIBUTIONS. 
Not later than 6 months after the date of enactment 
of this Act, the Federal Election Commission shall pro-
mulgate regulations with respect to what constitutes best 
efforts under section 302(i) of the Federal Election Cam-
paign Act of 1971 (2 U.S.C. 432(i)) for determining the 
identification of persons making contributions to political 
committees, including the identifications of persons mak-
ing contributions over the Internet or by credit card. Such 
regulations shall include a requirement that in the case 
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of contributions made by a credit card, the political com-
mittee shall ensure that the name on the credit card used 
to make the contribution matches the name of the person 
making the contribution. 
SEC. 403. PROHIBITION ON JOINT FUNDRAISING COMMIT-
TEES. 
(a) IN GENERAL.—Section 302(e) of the Federal 
Election Campaign Act of 1971 (2 U.S.C. 432(e)) is 
amended by adding at the end the following new para-
graph: 
‘‘(6) No authorized committee of a candidate 
may establish a joint fundraising committee with a 
political committee other than an authorized com-
mittee of a candidate.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall take effect on January 1, 2011. 
SEC. 404. DISCLOSURE OF BUNDLED CONTRIBUTIONS TO 
PRESIDENTIAL CAMPAIGNS. 
(a) IN GENERAL.—Paragraphs (1) through (3) of 
section 304(i) of the Federal Election Campaign Act of 
1971 (2 U.S.C. 434(i)) are amended to read as follows: 
‘‘(1) IN GENERAL.— 
‘‘(A) DISCLOSURE
OF
BUNDLED
CON-
TRIBUTIONS BY LOBBYISTS.—Each committee 
described in paragraph (6) shall include in the 
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first report required to be filed under this sec-
tion after each covered period (as defined in 
paragraph (2)) a separate schedule setting forth 
the name, address, and employer of each person 
reasonably known by the committee to be a per-
son described in paragraph (7) who provided 2 
or more bundled contributions to the committee 
in an aggregate amount greater than the appli-
cable threshold (as defined in paragraph (3)) 
during the covered period, and the aggregate 
amount of the bundled contributions provided 
by each such person during the covered period. 
‘‘(B) DISCLOSURE
OF
BUNDLED
CON-
TRIBUTIONS
TO
PRESIDENTIAL
CAMPAIGNS.— 
Each committee which is an authorized com-
mittee of a candidate for the office of President 
or for nomination to such office shall include in 
the first report required to be filed under this 
section after each covered period (as defined in 
paragraph (2)) a separate schedule setting forth 
the name, address, and employer of each person 
who provided 2 or more bundled contributions 
to the committee in an aggregate amount great-
er than the applicable threshold (as defined in 
paragraph (3)) during the election cycle, and 
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the aggregate amount of the bundled contribu-
tions provided by each such person during the 
covered period and such election cycle. Such 
schedule shall include a separate listing of the 
name, address, and employer of each person in-
cluded on such schedule who is reasonably 
known by the committee to be a person de-
scribed in paragraph (7), together with the ag-
gregate amount of bundled contributions pro-
vided by such person during such period and 
such cycle. 
‘‘(2) COVERED PERIOD.—In this subsection, a 
‘covered period’ means— 
‘‘(A) with respect to a committee which is 
an authorized committee of a candidate for the 
office of President or for nomination to such of-
fice— 
‘‘(i) the 4-year election cycle ending 
with the date of the election for the office 
of the President; and 
‘‘(ii) any reporting period applicable 
to the committee under this section during 
which any person provided 2 or more bun-
dled contributions to the committee; and 
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‘‘(B) with respect to any other com-
mittee— 
‘‘(i) the period beginning January 1 
and ending June 30 of each year; 
‘‘(ii) the period beginning July 1 and 
ending December 31 of each year; and 
‘‘(iii) any reporting period applicable 
to the committee under this section during 
which any person described in paragraph 
(7) provided 2 or more bundled contribu-
tions to the committee in an aggregate 
amount greater than the applicable thresh-
old. 
‘‘(3) APPLICABLE THRESHOLD.— 
‘‘(A) IN GENERAL.—In this subsection, the 
‘applicable threshold’ is— 
‘‘(i) $50,000 in the case of a com-
mittee which is an authorized committee of 
a candidate for the office of President or 
for nomination to such office; and 
‘‘(ii) $15,000 in the case of any other 
committee. 
In determining whether the amount of bundled 
contributions provided to a committee by a per-
son exceeds the applicable threshold, there shall 
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be excluded any contribution made to the com-
mittee by the person or the person’s spouse. 
‘‘(B) INDEXING.—In any calendar year 
after 2012, section 315(c)(1)(B) shall apply to 
each amount applicable under subparagraph 
(A) in the same manner as such section applies 
to the limitations established under subsections 
(a)(1)(A), (a)(1)(B), (a)(3), and (h) of such 
section, except that for purposes of applying 
such section to the amount applicable under 
subparagraph (A), the ‘base period’ shall be 
2011.’’. 
(b) CONFORMING AMENDMENTS.—Subsection (i) of 
section 304 of such Act (2 U.S.C. 434) is amended— 
(1) in paragraph (5), by striking ‘‘described in 
paragraph (7)’’ each place it appears in subpara-
graphs (C) and (D); 
(2) in paragraph (6), by inserting ‘‘(other than 
a candidate for the office of President or for nomi-
nation to such office)’’ after ‘‘candidate’’; and 
(3) in paragraph (8)(A)— 
(A) by striking ‘‘, with respect to a com-
mittee described in paragraph (6) and a person 
described in paragraph (7),’’ and inserting ‘‘, 
with respect to a committee described in para-
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graph (6) or an authorized committee of a can-
didate for the office of President or for nomina-
tion to such office,’’; 
(B) by striking ‘‘by the person’’ in clause 
(i) thereof and inserting ‘‘by any person’’; and 
(C) by striking ‘‘the person’’ each place it 
appears in clause (ii) and inserting ‘‘such per-
son’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply with respect to reports filed under 
section 304 of the Federal Election Campaign Act of 1971 
after the date that is 30 days after the date of the enact-
ment of this Act. 
SEC. 405. JUDICIAL REVIEW OF ACTIONS RELATED TO CAM-
PAIGN FINANCE LAWS. 
(a) IN GENERAL.—Title IV of the Federal Election 
Campaign Act of 1971 (2 U.S.C. 451 et seq.) is amended 
by inserting after section 406 the following new section: 
‘‘SEC. 407. JUDICIAL REVIEW. 
‘‘(a) IN GENERAL.—If any action is brought for de-
claratory or injunctive relief to challenge the constitu-
tionality of any provision of this Act or of chapter 95 or 
96 of the Internal Revenue Code of 1986, or is brought 
to with respect to any action of the Commission under 
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chapter 95 or 96 of the Internal Revenue Code of 1986, 
the following rules shall apply: 
‘‘(1) The action shall be filed in the United 
States District Court for the District of Columbia 
and an appeal from the decision of the district court 
may be taken to the Court of Appeals for the Dis-
trict of Columbia Circuit. 
‘‘(2) In the case of an action relating to declar-
atory or injunctive relief to challenge the constitu-
tionality of a provision— 
‘‘(A) a copy of the complaint shall be deliv-
ered promptly to the Clerk of the House of 
Representatives and the Secretary of the Sen-
ate; and 
‘‘(B) it shall be the duty of the United 
States District Court for the District of Colum-
bia, the Court of Appeals for the District of Co-
lumbia, and the Supreme Court of the United 
States to advance on the docket and to expedite 
to the greatest possible extent the disposition of 
the action and appeal. 
‘‘(b) INTERVENTION BY MEMBERS OF CONGRESS.— 
In any action in which the constitutionality of any provi-
sion of this Act or chapter 95 or 96 of the Internal Rev-
enue Code of 1986 is raised, any member of the House 
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of Representatives (including a Delegate or Resident Com-
missioner to the Congress) or Senate shall have the right 
to intervene either in support of or opposition to the posi-
tion of a party to the case regarding the constitutionality 
of the provision. To avoid duplication of efforts and reduce 
the burdens placed on the parties to the action, the court 
in any such action may make such orders as it considers 
necessary, including orders to require intervenors taking 
similar positions to file joint papers or to be represented 
by a single attorney at oral argument. 
‘‘(c) CHALLENGE BY MEMBERS OF CONGRESS.—Any 
Member of Congress may bring an action, subject to the 
special rules described in subsection (a), for declaratory 
or injunctive relief to challenge the constitutionality of any 
provision of this Act or chapter 95 or 96 of the Internal 
Revenue Code of 1986.’’. 
(b) CONFORMING AMENDMENTS.— 
(1) IN GENERAL.— 
(A) Section 310 of the Federal Election 
Campaign Act of 1971 (2 U.S.C. 437h) is re-
pealed. 
(B) Section 9011 of the Internal Revenue 
Code of 1986 is amended to read as follows: 
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‘‘SEC. 9011. JUDICIAL REVIEW. 
‘‘For provisions relating to judicial review of certifi-
cations, determinations, and actions by the Commission 
under this chapter, see section 407 of the Federal Election 
Campaign Act of 1971.’’. 
(C) Section 9041 of the Internal Revenue 
Code of 1986 is amended to read as follows: 
‘‘SEC. 9041. JUDICIAL REVIEW. 
‘‘For provisions relating to judicial review of actions 
by the Commission under this chapter, see section 407 of 
the Federal Election Campaign Act of 1971.’’. 
(D) Section 403 of the Bipartisan Cam-
paign Finance Reform Act of 2002 (2 U.S.C. 
437h note) is repealed. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall apply to actions brought after the date 
of the enactment of this Act. 
TITLE V—SEVERABILITY AND 
EFFECTIVE DATE 
SEC. 501. SEVERABILITY. 
If any provision of this Act or amendment made by 
this Act, or the application of a provision or amendment 
to any person or circumstance, is held to be unconstitu-
tional, the remainder of this Act and amendments made 
by this Act, and the application of the provisions and 
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amendment to any person or circumstance, shall not be 
affected by the holding. 
SEC. 502. EFFECTIVE DATE. 
Except as otherwise provided in this Act, the amend-
ments made by this Act shall apply with respect to elec-
tions occurring after January 1, 2011. 
Æ 
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