I 
116TH CONGRESS 
1ST SESSION H. R. 3834 
To amend the Federal Election Campaign Act of 1971 to provide political 
advertising vouchers and payments to defray the costs of postage for 
candidates in general elections to the Senate or House of Representatives 
who agree to restrictions on the types of contributions such candidates 
raise and the types of expenditures such candidates make, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 18, 2019 
Mr. BRENDAN F. BOYLE of Pennsylvania introduced the following bill; which 
was referred to the Committee on House Administration, and in addition 
to the Committee on Energy and Commerce, for a period to be subse-
quently 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 Federal Election Campaign Act of 1971 to 
provide political advertising vouchers and payments to 
defray the costs of postage for candidates in general 
elections to the Senate or House of Representatives who 
agree to restrictions on the types of contributions such 
candidates raise and the types of expenditures such can-
didates make, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Clean Money Act of 2019’’. 
(b) TABLE OF CONTENTS.—The table of contents of 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
TITLE I—BENEFITS FOR PARTICIPATING CANDIDATES 
Sec. 101. Political advertising vouchers and payments to defray costs of postage 
for participating candidates. 
‘‘TITLE V—BENEFITS FOR PARTICIPATING CANDIDATES 
‘‘Subtitle A—Entitlement to Vouchers and Payments To Defray Costs of 
Postage 
‘‘Sec. 501. Provision of political advertising vouchers. 
‘‘Sec. 502. Procedures for redemption of political advertising vouchers. 
‘‘Sec. 503. Funds to defray costs of postage. 
‘‘Sec. 504. Qualified small dollar contributions described. 
‘‘Subtitle B—Eligibility and Certification 
‘‘Sec. 511. Eligibility. 
‘‘Sec. 512. Qualifying requirements. 
‘‘Sec. 513. Certification. 
‘‘Subtitle C—Requirements for Candidates Certified as Participating 
Candidates 
‘‘Sec. 521. Contribution and expenditure requirements. 
‘‘Sec. 522. Administration of campaign. 
‘‘Sec. 523. Returning unused vouchers and funds after election. 
‘‘Subtitle D—Administrative Provisions 
‘‘Sec. 531. Clean Money Fund. 
‘‘Sec. 532. Administration by Commission. 
‘‘Sec. 533. Violations and penalties. 
‘‘Sec. 534. Appeals process. 
‘‘Sec. 535. Indexing of amounts. 
‘‘Sec. 536. Election cycle defined. 
Sec. 102. Contributions and expenditures by multicandidate and political party 
political committees on behalf of participating candidates. 
Sec. 103. Prohibiting use of contributions by participating candidates for pur-
poses other than campaign for election. 
TITLE II—EXPANDING CANDIDATE ACCESS TO ADVERTISING 
Sec. 201. Broadcasts by candidates. 
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TITLE III—MISCELLANEOUS PROVISIONS 
Sec. 301. Severability. 
TITLE I—BENEFITS FOR 
PARTICIPATING CANDIDATES 
SEC. 101. POLITICAL ADVERTISING VOUCHERS AND PAY-
MENTS TO DEFRAY COSTS OF POSTAGE FOR 
PARTICIPATING CANDIDATES. 
The Federal Election Campaign Act of 1971 (52 
U.S.C. 30101 et seq.) is amended by adding at the end 
the following new title: 
‘‘TITLE V—BENEFITS FOR 
PARTICIPATING CANDIDATES 
‘‘Subtitle A—Entitlement to Vouch-
ers and Payments To Defray 
Costs of Postage 
‘‘SEC. 501. PROVISION OF POLITICAL ADVERTISING VOUCH-
ERS. 
‘‘(a) IN GENERAL.—If a candidate in a general elec-
tion to the office of Senator or Representative in, or Dele-
gate or Resident Commissioner to, the Congress is cer-
tified as a participating candidate under this title with re-
spect to the election for such office, the candidate shall 
be entitled to political advertising vouchers as provided 
under this section. 
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‘‘(b) VALUE OF VOUCHER.—The value of a political 
advertising voucher provided to a candidate under this sec-
tion shall be equal to the product of— 
‘‘(1) the population of the State (in the case of 
a candidate for the office of Senator) or the congres-
sional district involved (in the case of a candidate 
for the office of Representative in, or Delegate or 
Resident Commissioner to, the Congress), based on 
the most recent population estimate from the Bu-
reau of the Census; and 
‘‘(2) $1. 
‘‘(c) TIMING.—The Commission shall provide polit-
ical advertising vouchers under this section to a candidate 
not later than 7 days after the candidate is certified as 
a participating candidate under this title. 
‘‘SEC. 502. PROCEDURES FOR REDEMPTION OF POLITICAL 
ADVERTISING VOUCHERS. 
‘‘(a) USE.— 
‘‘(1) EXCLUSIVE USE.—Vouchers provided by 
the Commission to participating candidates under 
section 501 may be used only for the purchase of 
time from a broadcasting station or online platform 
for the dissemination of political advertisements re-
lating to an election for the office of Senator or 
Member of the House of Representatives (including 
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a Delegate or Resident Commissioner to the Con-
gress) by the participating candidate to which the 
vouchers were provided, except that— 
‘‘(A) a candidate may exchange vouchers 
with a national committee of a political party 
under paragraph (2); and 
‘‘(B) a national committee of a political 
party may use vouchers to purchase time for 
the dissemination of political advertisements for 
generic party advertising (as defined by the 
Commission in regulations) or to support par-
ticipating candidates of the party in a general 
election for Federal office, but only if it dis-
closes the value of the voucher used as an ex-
penditure under section 315(d). 
‘‘(2) EXCHANGE
WITH
NATIONAL
POLITICAL 
PARTY COMMITTEE.— 
‘‘(A) IN GENERAL.—A participating can-
didate who receives a voucher under this section 
may transfer the right to use all or a portion 
of the value of the voucher to a national com-
mittee of the political party of which the indi-
vidual is a candidate in exchange for money in 
an amount equal to the cash value of the vouch-
er or portion exchanged. 
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‘‘(B) CONTINUATION OF CANDIDATE OBLI-
GATIONS.—The transfer of a voucher, in whole 
or in part, to a national committee of a political 
party under this paragraph does not release the 
candidate from any obligation with respect to 
the provision of the voucher under this title. 
‘‘(C) PARTY COMMITTEE OBLIGATIONS.— 
Any committee to which a voucher or portion 
thereof is transferred under subparagraph 
(A)— 
‘‘(i) shall account fully, in accordance 
with such requirements as the Commission 
may establish, for the receipt of the vouch-
er; and 
‘‘(ii) may not use the transferred 
voucher or portion thereof for any purpose 
other than a purpose described in para-
graph (1)(B). 
‘‘(D) VOUCHER AS A CONTRIBUTION.—If a 
candidate transfers a voucher or any portion 
thereof to a committee under subparagraph 
(A)— 
‘‘(i) the value of the voucher or por-
tion thereof transferred shall be treated as 
a contribution from the candidate to the 
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committee, and from the committee to the 
candidate, for purposes of sections 302 
and 304; 
‘‘(ii) the committee may, in exchange, 
provide to the candidate only funds subject 
to the prohibitions, limitations, and report-
ing requirements of title III of this Act; 
and 
‘‘(iii) the amount, if identified as a 
‘voucher exchange’, shall not be considered 
a contribution for the purposes of sections 
315 and 513. 
‘‘(b) VALUE; ACCEPTANCE; REDEMPTION.— 
‘‘(1) VOUCHER.—Each voucher disbursed by 
the Commission under this section shall have a value 
in dollars, redeemable upon presentation to the 
Commission, together with such documentation and 
other information as the Commission may require, 
for the purchase of time for the dissemination of po-
litical advertisements by a broadcasting station or 
online platform in accordance with this section. 
‘‘(2) ACCEPTANCE.—A broadcasting station 
and online platform shall accept vouchers as pay-
ment for the purchase of time for the dissemination 
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of political advertisements by the station or platform 
in accordance with this section. 
‘‘(3) REDEMPTION.—The Commission shall re-
deem vouchers accepted by broadcasting stations 
and online platforms under paragraph (2) upon 
presentation, 
subject 
to 
such 
documentation, 
verification, accounting, and application require-
ments as the Commission may impose to ensure the 
accuracy and integrity of the voucher redemption 
system. 
‘‘(4) EXPIRATION.—A voucher may only be 
used to pay for time for the dissemination of polit-
ical advertisements to be disseminated before mid-
night on the day before the date of the Federal elec-
tion in connection with which it was issued and shall 
be null and void for any other use or purpose. 
‘‘(5) VOUCHER AS EXPENDITURE.—The use of 
a voucher to purchase time for the dissemination of 
political advertisements constitutes an expenditure 
as defined in section 301(9)(A). 
‘‘(c) DEFINITIONS.—In this section: 
‘‘(1) 
BROADCASTING
STATION.—The 
term 
‘broadcasting station’ has the meaning given that 
term by section 315(g)(1) of the Communications 
Act of 1934. 
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‘‘(2) ONLINE
PLATFORM.—The term ‘online 
platform’ means any public-facing website, web ap-
plication, or digital application (including a social 
network, ad network, or search engine) which sells 
political advertisements. 
‘‘(3) POLITICAL
PARTY.—The term ‘political 
party’ means a major party or a minor party as de-
fined in section 9002 (3) or (4) of the Internal Rev-
enue Code of 1986 (26 U.S.C. 9002 (3) or (4)). 
‘‘SEC. 503. FUNDS TO DEFRAY COSTS OF POSTAGE. 
‘‘(a) AVAILABILITY OF PAYMENT.—If a candidate in 
a general election to the office of Senator or Representa-
tive in, or Delegate or Resident Commissioner to, the Con-
gress is certified as a participating candidate under this 
title with respect to the election for such office, the can-
didate shall be entitled to a payment under this title to 
defray the costs of postage incurred in connection with 
the election by authorized committees of the candidate. 
‘‘(b) AMOUNT.—The amount of the payment made to 
a candidate under this section to defray the costs of post-
age shall be equal to the product of— 
‘‘(1) the population of the State (in the case of 
a candidate for the office of Senator) or the congres-
sional district involved (in the case of a candidate 
for the office of Representative in, or Delegate or 
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Resident Commissioner to, the Congress), based on 
the most recent population estimate from the Bu-
reau of the Census; and 
‘‘(2) 50 cents. 
‘‘(c) USE OF FUNDS.—Upon receiving a payment 
under this section, a candidate shall deposit the payment 
in a separate, segregated account of any authorized com-
mittees of the candidate, and shall ensure that amounts 
in such account are used solely for the payment of postage 
incurred by such committees in connection with the elec-
tion. 
‘‘(d) TIMING.—The Commission shall make a pay-
ment under this section to a candidate not later than 7 
days after the candidate is certified as a participating can-
didate under this title. 
‘‘SEC. 504. QUALIFIED SMALL DOLLAR CONTRIBUTIONS DE-
SCRIBED. 
‘‘(a) IN GENERAL.—In this title, the term ‘qualified 
small dollar contribution’ means, with respect to a can-
didate and the authorized committees of a candidate, a 
contribution that meets the following requirements: 
‘‘(1) The contribution is in an amount that is— 
‘‘(A) not less than $1; and 
‘‘(B) not more than $200. 
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‘‘(2) The contribution is made by an individual, 
either directly or through an intermediary or conduit 
(as described in section 315(a)(8)), who is not other-
wise prohibited from making a contribution under 
this Act. 
‘‘(3) The individual who makes the contribution 
does not make contributions to the candidate or the 
authorized committees of the candidate with respect 
to the election involved in an aggregate amount that 
exceeds the amount described in paragraph (1)(B), 
or any contribution to the candidate or the author-
ized committees of the candidate with respect to the 
election involved that otherwise is not a qualified 
small dollar contribution. 
‘‘(b) RESTRICTION
ON
SUBSEQUENT
CONTRIBU-
TIONS.— 
‘‘(1) PROHIBITING DONOR FROM MAKING SUB-
SEQUENT NON-QUALIFIED CONTRIBUTIONS DURING 
ELECTION CYCLE.— 
‘‘(A) IN
GENERAL.—An individual who 
makes a qualified small dollar contribution to a 
candidate or the authorized committees of a 
candidate with respect to an election may not 
make any subsequent contribution to such can-
didate or the authorized committees of such 
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candidate with respect to the election cycle 
which is not a qualified small dollar contribu-
tion. 
‘‘(B) EXCEPTION FOR CONTRIBUTIONS TO 
CANDIDATES
WHO
VOLUNTARILY
WITHDRAW 
FROM PARTICIPATION DURING QUALIFYING PE-
RIOD.—Subparagraph (A) does not apply with 
respect to a contribution made to a candidate 
who, during the Clean Money qualifying period 
described in section 511(c), submits a state-
ment to the Commission under section 513(c) 
to voluntarily withdraw from participating in 
the program under this title. 
‘‘(2) TREATMENT OF SUBSEQUENT NON-QUALI-
FIED CONTRIBUTIONS.—If, notwithstanding the pro-
hibition described in paragraph (1), an individual 
who makes a qualified small dollar contribution to a 
candidate or the authorized committees of a can-
didate with respect to an election makes a subse-
quent contribution to such candidate or the author-
ized committees of such candidate with respect to 
the election which is prohibited under paragraph (1) 
because it is not a qualified small dollar contribu-
tion, the candidate may take one of the following ac-
tions: 
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‘‘(A) Not later than 2 weeks after receiving 
the contribution, the candidate may return the 
subsequent contribution to the individual. 
‘‘(B) The candidate may retain the subse-
quent contribution, so long as not later than 2 
weeks after receiving the subsequent contribu-
tion, the candidate remits to the Commission 
for deposit in the Clean Money Fund under sec-
tion 531 an amount equal to any payments re-
ceived by the candidate under this title which 
are attributable to the qualified small dollar 
contribution made by the individual involved. 
‘‘(3) NO EFFECT ON ABILITY TO MAKE MUL-
TIPLE
CONTRIBUTIONS.—Nothing in this section 
may be construed to prohibit an individual from 
making multiple qualified small dollar contributions 
to any candidate or any number of candidates, so 
long as each contribution meets each of the require-
ments of paragraphs (1), (2), and (3) of subsection 
(a). 
‘‘(c) NOTIFICATION
REQUIREMENTS
FOR
CAN-
DIDATES.— 
‘‘(1) NOTIFICATION.—Each authorized com-
mittee of a candidate who seeks to be a participating 
candidate under this title shall provide the following 
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information in any materials for the solicitation of 
contributions, including any Internet site through 
which individuals may make contributions to the 
committee: 
‘‘(A) A statement that if the candidate is 
certified as a participating candidate under this 
title, the candidate will receive political adver-
tising vouchers under this title in an amount 
which is based on the total amount of qualified 
small dollar contributions received. 
‘‘(B) A statement that a contribution 
which meets the requirements set forth in sub-
section (a) shall be treated as a qualified small 
dollar contribution under this title unless the 
contributor notifies the committee not later 
than 48 hours after making the contribution 
that the contribution is not to be so treated. 
‘‘(C) A statement that if a contribution is 
treated as qualified small dollar contribution 
under this title, the individual who makes the 
contribution may not make any contribution to 
the candidate or the authorized committees of 
the candidate during the election cycle which is 
not a qualified small dollar contribution. 
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‘‘(2) ALTERNATIVE METHODS OF MEETING RE-
QUIREMENTS.—An authorized committee may meet 
the requirements of paragraph (1)— 
‘‘(A) by including the information de-
scribed in paragraph (1) in the receipt provided 
under section 512(b)(3) to a person making a 
qualified small dollar contribution; or 
‘‘(B) by modifying the information it pro-
vides to persons making contributions which is 
otherwise required under title III (including in-
formation it provides through the Internet). 
‘‘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) The candidate files with the Commission a 
statement of intent to seek certification as a partici-
pating candidate. 
‘‘(2) The candidate meets the qualifying re-
quirements of section 512. 
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‘‘(3) The candidate files with the Commission a 
statement certifying that the authorized committees 
of the candidate meet the requirements of section 
504(c). 
‘‘(4) Not later than the last day of the Clean 
Money qualifying period, the candidate files with the 
Commission an affidavit signed by the candidate and 
the treasurer of the candidate’s principal campaign 
committee declaring that the candidate— 
‘‘(A) has complied and, if certified, will 
comply with the contribution and expenditure 
requirements of section 521; and 
‘‘(B) if certified, will run only as a partici-
pating candidate for all elections for the office 
that such candidate is seeking during that elec-
tion cycle. 
‘‘(5) The candidate is the nominee of a political 
party whose candidate received not less than 15 per-
cent of the total number of popular votes received by 
all candidates in the most recent general election for 
the office the candidate seeks. 
‘‘(b) GENERAL ELECTION.—Notwithstanding sub-
section (a), a candidate shall not be eligible to be certified 
as a participating candidate under this title for a general 
election or a general runoff election unless the candidate’s 
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party nominated the candidate to be placed on the ballot 
for the general election or the candidate is otherwise quali-
fied to be on the ballot under State law. 
‘‘(c) CLEAN
MONEY
QUALIFYING
PERIOD
DE-
FINED.—The term ‘Clean Money qualifying period’ 
means, with respect to any candidate for an office, the 
180-day period (during the election cycle for such office) 
which begins on the date on which the candidate files a 
statement of intent under subsection (a)(1), except that 
such period may not continue after the date that is 30 
days before the date of the general election for the office. 
‘‘SEC. 512. QUALIFYING REQUIREMENTS. 
‘‘(a) RECEIPT OF QUALIFIED SMALL DOLLAR CON-
TRIBUTIONS FROM IN-STATE RESIDENTS.—A candidate 
for the office of Senator or Representative in, or Delegate 
or Resident Commissioner to, the Congress meets the re-
quirement of this section if, during the Clean Money quali-
fying period described in section 511(c), each of the fol-
lowing occurs: 
‘‘(1) Not fewer than 1,000 individuals who are 
residents of the State in which the candidate seeks 
election make a qualified small dollar contribution to 
the candidate. 
‘‘(2) The candidate obtains a total dollar 
amount of qualified small dollar contributions from 
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individuals who are residents of the State in which 
the candidate seeks election which is equal to or 
greater than $50,000. 
‘‘(b) REQUIREMENTS RELATING
TO RECEIPT
OF 
QUALIFIED
SMALL
DOLLAR
CONTRIBUTION.—Each 
qualified small dollar contribution— 
‘‘(1) may be made by means of a personal 
check, money order, debit card, credit card, elec-
tronic payment account, or any other method 
deemed appropriate by the Commission; 
‘‘(2) shall be accompanied by a signed state-
ment (or, in the case of a contribution made online 
or through other electronic means, an electronic 
equivalent) containing— 
‘‘(A) the contributor’s name and the con-
tributor’s address in the State in which the pri-
mary residence of the contributor is located; 
and 
‘‘(B) an oath declaring that the contrib-
utor— 
‘‘(i) understands that the purpose of 
the contribution is to show support for the 
candidate so that the candidate may qual-
ify for political advertising vouchers under 
this title; 
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‘‘(ii) is making the contribution in his 
or her own name and from his or her own 
funds; 
‘‘(iii) has made the contribution will-
ingly; and 
‘‘(iv) has not received any thing of 
value in return for the contribution; and 
‘‘(3) shall be acknowledged by a receipt that is 
sent to the contributor with a copy (in paper or elec-
tronic form) kept by the candidate for the Commis-
sion. 
‘‘(c) VERIFICATION OF QUALIFIED SMALL DOLLAR 
CONTRIBUTIONS.—The Commission shall establish proce-
dures for the auditing and verification of qualified small 
dollar contributions, including procedures for random au-
dits, to ensure that such contributions meet the require-
ments of this section. 
‘‘SEC. 513. CERTIFICATION. 
‘‘(a) DEADLINE AND NOTIFICATION.— 
‘‘(1) IN GENERAL.—Not later than 5 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; 
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‘‘(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
SUBSE-
QUENT
RUNOFF
ELECTIONS.—If the Commission 
certifies a candidate as a participating candidate 
with respect to a general election, the Commissioner 
shall be deemed to have certified the candidate as a 
participating candidate with respect to any subse-
quent runoff election held in that election 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-
tification (other than a candidate certified as a 
participating candidate with respect to a gen-
eral election who fails to qualify to appear on 
the ballot for a subsequent runoff election in 
that election cycle); 
‘‘(B) a candidate ceases to be a candidate 
for the office involved, as determined on the 
basis of an official announcement by an author-
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ized committee of the candidate or on the basis 
of a reasonable determination by the Commis-
sion; or 
‘‘(C) a candidate otherwise fails to comply 
with the requirements of this title, including 
any regulatory requirements prescribed by the 
Commission. 
‘‘(2) EXISTENCE
OF
REPEATED
OR
SERIOUS 
VIOLATIONS.—The Commission shall revoke a cer-
tification under subsection (a) if a penalty is as-
sessed against the candidate under section 309(d) 
with respect to the election. 
‘‘(3) EFFECT
OF
REVOCATION.—If a can-
didate’s certification is revoked under this sub-
section— 
‘‘(A) the candidate shall repay to the Clean 
Money Fund established under section 531— 
‘‘(i) an amount equal to the value of 
the political advertising vouchers received 
under this title with respect to the election, 
plus interest (at a rate determined by the 
Commission on the basis of an appropriate 
annual percentage rate for the month in-
volved) on any such amount received; plus 
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‘‘(ii) an amount equal to any payment 
the candidate received under this title to 
defray the costs of postage with respect to 
the election, plus interest (at a rate deter-
mined by the Commission on the basis of 
an appropriate annual percentage rate for 
the month involved) on any such payment 
received; 
‘‘(B) the candidate may not receive polit-
ical advertising vouchers or payments to defray 
the costs of postage under this title during the 
remainder of the election cycle involved; and 
‘‘(C) the candidate may not be certified as 
a participating candidate under this title with 
respect to the next election cycle. 
‘‘(4) PROHIBITING PARTICIPATION IN FUTURE 
ELECTIONS FOR CANDIDATES WITH MULTIPLE REV-
OCATIONS.—If the Commission revokes the certifi-
cation of an individual as a participating candidate 
under this title 3 times, the individual may not be 
certified as a participating candidate under this title 
with respect to any subsequent election. 
‘‘(c) VOLUNTARY
WITHDRAWAL
FROM
PARTICI-
PATING DURING QUALIFYING PERIOD.—At any time dur-
ing the Clean Money qualifying period described in section 
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511(c), a candidate may withdraw from participation in 
the program under this title by submitting to the Commis-
sion a statement of withdrawal (without regard to whether 
or not the Commission has certified the candidate as a 
participating candidate under this title as of the time the 
candidate submits such statement), so long as the can-
didate has not received a political advertising voucher 
under section 501 or a payment under section 503. 
‘‘(d) 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. 
‘‘Subtitle C—Requirements for Can-
didates 
Certified 
as 
Partici-
pating Candidates 
‘‘SEC. 521. CONTRIBUTION AND EXPENDITURE REQUIRE-
MENTS. 
‘‘(a) PERMITTED SOURCES OF CONTRIBUTIONS AND 
EXPENDITURES.—Except as provided in subsection (c), a 
participating candidate with respect to a general election 
shall, with respect to that election and any subsequent 
runoff election in that election cycle for the office involved, 
accept no contributions from any source and make no ex-
penditures from any amounts, other than the following: 
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‘‘(1) Qualified small dollar contributions. 
‘‘(2) Political advertising vouchers and pay-
ments to defray the costs of postage under this title. 
‘‘(3) Contributions from political committees es-
tablished and maintained by a national or State po-
litical party, subject to the applicable limitations of 
section 315. 
‘‘(4) Subject to subsection (b), personal funds 
of the candidate (other than funds received through 
qualified small dollar contributions). 
‘‘(5) Contributions from individuals who do not 
make qualified small dollar contributions but who 
are otherwise permitted to make contributions under 
this Act, subject to the applicable limitations of sec-
tion 315, except that the aggregate amount of con-
tributions a participating candidate may accept from 
any such individual with respect to any such election 
after the date the candidate files a statement of in-
tent under section 511(a)(1) may not exceed $1,000. 
‘‘(6) Contributions from multicandidate political 
committees, subject to the applicable limitations of 
section 315. 
‘‘(b) SPECIAL RULES FOR PERSONAL FUNDS.—A 
candidate who is certified as a participating candidate may 
use personal funds so long as— 
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‘‘(1) the aggregate amount used with respect to 
the general election and any subsequent runoff elec-
tion in that election cycle (including any period of 
the cycle occurring prior to the candidate’s certifi-
cation as a participating candidate) does not exceed 
$10,000; and 
‘‘(2) the funds are used only for making direct 
payments for the receipt of goods and services which 
constitute authorized expenditures in connection 
with such elections. 
‘‘(c) EXCEPTIONS.— 
‘‘(1) EXCEPTION
FOR
CONTRIBUTIONS
RE-
CEIVED PRIOR TO FILING OF STATEMENT OF IN-
TENT.—A candidate who has accepted contributions 
that are not described in subsection (a) is not in vio-
lation of subsection (a), but only if all such contribu-
tions are— 
‘‘(A) returned to the contributor; 
‘‘(B) submitted to the Commission for de-
posit in the Clean Money Fund established 
under section 531; or 
‘‘(C) spent in accordance with paragraph 
(2). 
‘‘(2) EXCEPTION
FOR
EXPENDITURES
MADE 
PRIOR TO FILING OF STATEMENT OF INTENT.—If a 
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candidate has made expenditures prior to the date 
the candidate files a statement of intent under sec-
tion 511(a)(1) that the candidate is prohibited from 
making under subsection (a) or subsection (b), the 
candidate is not in violation of such subsection if the 
aggregate amount of the prohibited expenditures is 
less than the amount referred to in section 
512(a)(2) (relating to the total dollar amount of 
qualified small dollar contributions which the can-
didate is required to obtain) which is applicable to 
the candidate. 
‘‘(3) EXCEPTION
FOR
CAMPAIGN
SURPLUSES 
FROM
A
PREVIOUS
ELECTION.—Notwithstanding 
paragraph (1), unexpended contributions received by 
the candidate or an authorized committee of the 
candidate with respect to a previous election may be 
retained, but only if the candidate places the funds 
in escrow and refrains from raising additional funds 
for or spending funds from that account during the 
election cycle in which a candidate is a participating 
candidate. 
‘‘(4) EXCEPTION
FOR
CONTRIBUTIONS
RE-
CEIVED
BEFORE
THE
EFFECTIVE
DATE
OF
THIS 
TITLE.—Contributions received and expenditures 
made by the candidate or an authorized committee 
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of the candidate prior to the effective date of this 
title shall not constitute a violation of subsection (a) 
or (b). Unexpended contributions shall be treated 
the same as campaign surpluses under paragraph 
(3), and expenditures made shall count against the 
limit in paragraph (2). 
‘‘(d) SPECIAL RULE FOR COORDINATED PARTY EX-
PENDITURES.—For purposes of this section, a payment 
made by a political party in coordination with a partici-
pating candidate shall not be treated as a contribution to 
or as an expenditure made by the participating candidate. 
‘‘(e) PROHIBITION ON JOINT FUNDRAISING COMMIT-
TEES.— 
‘‘(1) PROHIBITION.—An authorized committee 
of a candidate who is certified as a participating 
candidate under this title with respect to an election 
may not establish a joint fundraising committee with 
a political committee other than another authorized 
committee of the candidate. 
‘‘(2) STATUS OF EXISTING COMMITTEES FOR 
PRIOR
ELECTIONS.—If a candidate established a 
joint fundraising committee described in paragraph 
(1) with respect to a prior election for which the 
candidate was not certified as a participating can-
didate under this title and the candidate does not 
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terminate the committee, the candidate shall not be 
considered to be in violation of paragraph (1) so 
long as that joint fundraising committee does not re-
ceive any contributions or make any disbursements 
during the election cycle for which the candidate is 
certified as a participating candidate under this title. 
‘‘(f) PROHIBITION ON LEADERSHIP PACS.— 
‘‘(1) PROHIBITION.—A candidate who is cer-
tified as a participating candidate under this title 
with respect to an election may not establish, fi-
nance, maintain, or control a leadership PAC. 
‘‘(2) 
STATUS
OF
EXISTING
LEADERSHIP 
PACS.—If a candidate established, financed, main-
tained, or controlled a leadership PAC prior to being 
certified as a participating candidate under this title 
and the candidate does not terminate the leadership 
PAC, the candidate shall not be considered to be in 
violation of paragraph (1) so long as the leadership 
PAC does not receive any contributions or make any 
disbursements during the election cycle for which the 
candidate is certified as a participating candidate 
under this title. 
‘‘(3) LEADERSHIP PAC DEFINED.—In this sub-
section, the term ‘leadership PAC’ has the meaning 
given such term in section 304(i)(8)(B). 
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‘‘SEC. 522. ADMINISTRATION OF CAMPAIGN. 
‘‘(a) SEPARATE ACCOUNTING
FOR VARIOUS PER-
MITTED CONTRIBUTIONS.—Each authorized committee of 
a candidate certified as a participating candidate under 
this title— 
‘‘(1) shall provide for separate accounting of 
each type of contribution described in section 521(a) 
which is received by the committee; and 
‘‘(2) shall provide for separate accounting for 
the political advertising vouchers received under this 
title. 
‘‘(b) ENHANCED DISCLOSURE OF INFORMATION ON 
DONORS.— 
‘‘(1) MANDATORY IDENTIFICATION OF INDIVID-
UALS
MAKING
QUALIFIED
SMALL
DOLLAR
CON-
TRIBUTIONS.—Each authorized committee of a par-
ticipating candidate under this title shall elect, in ac-
cordance with section 304(b)(3)(A), to include in the 
reports the committee submits under section 304 the 
identification of each person who makes a qualified 
small dollar contribution to the committee. 
‘‘(2) 
MANDATORY
DISCLOSURE
THROUGH 
INTERNET.—Each authorized committee of a partici-
pating candidate under this title shall ensure that all 
information reported to the Commission under this 
Act with respect to contributions and expenditures 
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of the committee is available to the public on the 
Internet (whether through a site established for pur-
poses of this subsection, a hyperlink on another pub-
lic site of the committee, or a hyperlink on a report 
filed electronically with the Commission) in a search-
able, sortable, and downloadable manner. 
‘‘SEC. 523. RETURNING UNUSED VOUCHERS AND FUNDS 
AFTER ELECTION. 
‘‘Not later than the date that is 180 days after the 
last election for which a candidate certified as a partici-
pating candidate qualifies to be on the ballot during the 
election cycle involved, such participating candidate shall 
return to the Commission— 
‘‘(1) any political advertising vouchers provided 
to authorized committees of the candidate which re-
main unused as of such date; and 
‘‘(2) any amounts remaining in the separate, 
segregated accounts established by authorized com-
mittees of the candidate under section 503(c) for the 
receipt of the payments made under this title to de-
fray the costs of postage incurred in connection with 
the election. 
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‘‘Subtitle D—Administrative 
Provisions 
‘‘SEC. 531. CLEAN MONEY FUND. 
‘‘(a) ESTABLISHMENT.—There is established in the 
Treasury a fund to be known as the ‘Clean Money Fund’. 
‘‘(b) AMOUNTS HELD BY FUND.—The Fund shall 
consist of the following amounts: 
‘‘(1) APPROPRIATED AMOUNTS.—Amounts ap-
propriated to the Fund, including trust fund 
amounts appropriated pursuant to applicable provi-
sions of the Internal Revenue Code of 1986. 
‘‘(2) OTHER
DEPOSITS.—Amounts deposited 
into the Fund under— 
‘‘(A) section 521(c) (relating to exceptions 
to contribution requirements); 
‘‘(B) section 533 (relating to violations); 
and 
‘‘(C) any other section of this Act. 
‘‘(3) INVESTMENT RETURNS.—Interest on, and 
the proceeds from, the sale or redemption of, any 
obligations held by the Fund under subsection (c). 
‘‘(c) INVESTMENT.—The Commission shall invest 
portions of the Fund in obligations of the United States 
in the same manner as provided under section 9602(b) 
of the Internal Revenue Code of 1986. 
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‘‘(d) USE OF FUND.— 
‘‘(1) IN GENERAL.—Amounts in the Fund shall 
be available without further appropriation or fiscal 
year limitation to redeem vouchers which are accept-
ed by broadcasting stations and online platforms as 
payment for the purchase of time for the dissemina-
tion of political advertisements under subtitle A. 
‘‘(2) INSUFFICIENT AMOUNTS.—Under regula-
tions established by the Commission, rules similar to 
the rules of section 9006(c) of the Internal Revenue 
Code of 1986 shall apply. 
‘‘SEC. 532. ADMINISTRATION BY COMMISSION. 
‘‘(a) REGULATIONS.—The Commission shall pre-
scribe regulations to carry out the purposes of this title, 
including regulations— 
‘‘(1) verifying the amount of qualified small dol-
lar contributions with respect to a candidate; 
‘‘(2) effectively and efficiently monitoring and 
enforcing the limits on the raising of qualified small 
dollar contributions; 
‘‘(3) effectively and efficiently monitoring and 
enforcing the limits on the use of personal funds by 
participating candidates; and 
‘‘(4) monitoring the use of political advertising 
vouchers and payments provided under this title 
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through audits of not fewer than 1⁄10 (or, in the case 
of the first 3 election cycles during which the pro-
gram under this title is in effect, not fewer than 1⁄3) 
of all participating candidates or other mechanisms. 
‘‘(b) REVIEW OF PROGRAM.— 
‘‘(1) IN GENERAL.—After each regularly sched-
uled general election for Federal office, the Commis-
sion shall conduct a comprehensive review of the 
program under this title, including— 
‘‘(A) the maximum and minimum dollar 
amounts of qualified small dollar contributions 
under section 504; 
‘‘(B) the number and value of qualified 
small dollar contributions a candidate is re-
quired to obtain under section 512(a) to be eli-
gible for certification as a participating can-
didate; 
‘‘(C) the value of the political advertising 
vouchers a candidate may receive under this 
title; 
‘‘(D) the amount of the payment made to 
a candidate under this title to defray the cost 
of postage; 
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‘‘(E) the overall satisfaction of partici-
pating candidates and the American public with 
the program; and 
‘‘(F) such other matters relating to financ-
ing of campaigns as the Commission determines 
are appropriate. 
‘‘(2) CRITERIA
FOR
REVIEW.—In conducting 
the review under paragraph (1), the Commission 
shall consider the following: 
‘‘(A) QUALIFIED
SMALL
DOLLAR
CON-
TRIBUTIONS.—The Commission shall consider 
whether the number and dollar amounts of 
qualified small dollar contributions required 
strikes an appropriate balance regarding the 
importance of voter involvement, the need to as-
sure adequate incentives for participating, and 
fiscal responsibility, taking into consideration 
the number of primary and general election 
participating candidates, the electoral perform-
ance of those candidates, program cost, and any 
other information the Oversight Commission de-
termines is appropriate. 
‘‘(B) REVIEW OF PAYMENT LEVELS.—The 
Commission shall consider whether the totality 
of the amount of funds allowed to be raised by 
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‘‘(B) if the Commission grants such a sta-
tion license or construction permit to such per-
son after such 5-year period, the number of 
failures described in subsection (a)(7) shall be 
calculated for purposes of paragraph (1) with-
out regard to any such failures that occurred 
while a previous license or permit was in ef-
fect.’’. 
(d) TECHNICAL AMENDMENTS.—Section 315 of the 
Communications Act of 1934 (47 U.S.C. 315), as amend-
ed by subsection (b), is further amended— 
(1) in subsection (a), by striking ‘‘If any li-
censee’’ and inserting ‘‘EQUAL OPPORTUNITIES FOR 
CANDIDATES FOR SAME OFFICE.—If any licensee’’; 
(2) in subsection (b)(1), by moving subpara-
graphs (A) and (B) 2 ems to the right; 
(3) in subsection (f), as redesignated, by strik-
ing ‘‘The Commission’’ and inserting ‘‘REGULA-
TIONS.—The Commission’’; and 
(4) in subsection (g), as redesignated, by strik-
ing ‘‘For purposes’’ and inserting ‘‘DEFINITIONS.— 
For purposes’’. 
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