for the office of Representative in, or Delegate or Resident 
Commissioner to, the Congress meets the requirement of 
this section if, during the Small Dollar Democracy 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 
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— 
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‘‘(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 financing under this title, 
‘‘(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 and a copy (in paper or electronic form) kept 
by the candidate for the election authorities in the 
State with respect to which the candidate is seeking 
election. 
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‘‘(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; 
‘‘(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 
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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-
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); 
‘‘(B) a candidate ceases to be a candidate 
for the office involved, as determined on the 
basis of an official announcement by an author-
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-
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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 Free-
dom From Influence Fund established under 
section 541 an amount equal to the payments 
received under this title with respect to the elec-
tion cycle involved plus interest (at a rate deter-
mined by the Commission on the basis of an ap-
propriate annual percentage rate for the month 
involved) on any such amount received; 
‘‘(B) the candidate may not receive pay-
ments 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 
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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 Small Dollar Democracy qualifying period de-
scribed in section 511(c), a candidate may withdraw from 
participation in the program under this title by submitting 
to the Commission a statement of withdrawal (without re-
gard 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 candidate has not submitted a request for payment 
under section 502. 
‘‘(d) PARTICIPATING CANDIDATE DEFINED.—In this 
title, a ‘participating candidate’ means a candidate for the 
office of Representative in, or Delegate or Resident Com-
missioner to, the Congress who is certified under this sec-
tion 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.— 
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‘‘(1) IN GENERAL.—Except as provided in sub-
section (c), a participating candidate with respect to 
an election shall, with respect to all elections occur-
ring during the election cycle for the office involved, 
accept no contributions from any source and make 
no expenditures from any amounts, other than the 
following: 
‘‘(A) Qualified small dollar contributions. 
‘‘(B) Payments under this title. 
‘‘(C) Contributions from political commit-
tees established and maintained by a national 
or State political party, subject to the applica-
ble limitations of section 315. 
‘‘(D) Subject to subsection (b), personal 
funds of the candidate or of any immediate 
family member of the candidate (other than 
funds received through qualified small dollar 
contributions). 
‘‘(E) Contributions from individuals who 
are otherwise permitted to make contributions 
under this Act, subject to the applicable limita-
tions of section 315, except that the aggregate 
amount of contributions a participating can-
didate may accept from any individual with re-
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spect to any election during the election cycle 
may not exceed $1,000. 
‘‘(F) Contributions from multicandidate 
political committees, subject to the applicable 
limitations of section 315. 
‘‘(2) OPTION TO ACCEPT STRICTER LIMITS.—A 
participating candidate with respect to an election 
may, at the time of submitting the first request for 
payment under section 502(a), exercise an option to 
accept no contributions from any source and make 
no expenditures from any amounts with respect to 
all elections occurring during the election cycle for 
the office involved, other than the following: 
‘‘(A) Qualified small dollar contributions. 
‘‘(B) Payments under this title. 
‘‘(C) Subject to subsection (b), personal 
funds of the candidate or of any immediate 
family member of the candidate (other than 
funds received through qualified small dollar 
contributions). 
‘‘(D) Contributions from individuals who 
are otherwise permitted to make contributions 
under this Act, subject to the applicable limita-
tions of section 315, except that— 
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‘‘(i) the aggregate amount of con-
tributions the candidate may accept from 
any individual with respect to any election 
during the election cycle may not exceed 
$1,000; 
‘‘(ii) the aggregate amount of con-
tributions a candidate may accept from all 
individuals under this subparagraph with 
respect to the election cycle may not exceed 
$50,000; and 
‘‘(iii) the candidate may not accept 
any contributions under this subparagraph 
after the date on which the Commission 
notifies the candidate under section 513(a) 
that the candidate is certified as a partici-
pating candidate under this title. 
‘‘(b) SPECIAL RULES FOR PERSONAL FUNDS.— 
‘‘(1) LIMIT ON AMOUNT.—A candidate who is 
certified as a participating candidate may use per-
sonal funds (including personal funds of any imme-
diate family member of the candidate) so long as— 
‘‘(A) the aggregate amount used with re-
spect to the election cycle (including any period 
of the cycle occurring prior to the candidate’s 
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certification as a participating candidate) does 
not exceed $10,000; and 
‘‘(B) the funds are used only for making 
direct payments for the receipt of goods and 
services which constitute authorized expendi-
tures in connection with the election cycle in-
volved. 
‘‘(2) IMMEDIATE FAMILY MEMBER DEFINED.— 
In this subsection, the term ‘immediate family’ 
means, with respect to a candidate— 
‘‘(A) the candidate’s spouse; 
‘‘(B) a child, stepchild, parent, grand-
parent, brother, half-brother, sister, or half-sis-
ter of the candidate or the candidate’s spouse; 
and 
‘‘(C) the spouse of any person described in 
subparagraph (B). 
‘‘(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 paragraph (1) of sub-
section (a) (or, in the case of a candidate who has 
exercised the option described in paragraph (2) of 
subsection (a), that are not described in paragraph 
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(2) of subsection (a)) is not in violation of sub-
section (a), but only if all such contributions are— 
‘‘(A) returned to the contributor; 
‘‘(B) submitted to the Commission for de-
posit in the Freedom From Influence Fund es-
tablished under section 541; or 
‘‘(C) spent in accordance with paragraph 
(2). 
‘‘(2) EXCEPTION
FOR
EXPENDITURES
MADE 
PRIOR TO FILING OF STATEMENT OF INTENT.—If a 
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 
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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 
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 
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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 
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 
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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). 
‘‘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 paragraph (1) 
of section 521(a) (or described in paragraph (2) of 
section 521(a) in the case of a candidate who exer-
cises the option described in such paragraph) which 
is received by the committee; and 
‘‘(2) shall provide for separate accounting for 
the payments received under this title. 
‘‘(b) ENHANCED DISCLOSURE OF INFORMATION ON 
DONORS.— 
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‘‘(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 
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. PREVENTING UNNECESSARY SPENDING OF PUB-
LIC FUNDS. 
‘‘(a) MANDATORY SPENDING
OF AVAILABLE PRI-
VATE FUNDS.—An authorized committee of a candidate 
certified as a participating candidate under this title may 
not make any expenditure of any payments received under 
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this title in any amount unless the committee has made 
an expenditure in an equivalent amount of funds received 
by the committee which are described in subparagraphs 
(C), (D), and (E) of paragraph (1) of section 521(a) (or 
described in subparagraph (C) of paragraph (2) of section 
521(a) in the case of a candidate who exercises the option 
described in such paragraph). 
‘‘(b) LIMITATION.—Subsection (a) applies to an au-
thorized committee only to the extent that the funds re-
ferred to in such subsection are available to the committee 
at the time the committee makes an expenditure of a pay-
ment received under this title. 
‘‘SEC. 524. REMITTING UNSPENT FUNDS AFTER ELECTION. 
‘‘(a) REMITTANCE REQUIRED.— 
‘‘(1) IN
GENERAL.—Not later than the date 
that is 180 days after the last election for which a 
candidate certified 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 Freedom From 
Influence Fund established under section 541 an 
amount equal to the balance of the payments re-
ceived under this title by the authorized committees 
of the candidate which remain unexpended as of 
such date. 
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‘‘(2) PERMITTING CANDIDATES PARTICIPATING 
IN NEXT ELECTION CYCLE TO RETAIN PORTION OF 
UNSPENT FUNDS.—Notwithstanding paragraph (1), 
a participating candidate may withhold not more 
than $100,000 (or, in the case of a candidate who 
exercises the option described in section 521(a)(2) to 
accept greater restrictions on the permissible sources 
of contributions and expenditures, not more than 
$200,000) from the amount required to be remitted 
under paragraph (1) if the candidate files a signed 
affidavit with the Commission that the candidate 
will seek certification as a participating candidate 
with respect to the next election cycle, except that 
the candidate may not use any portion of the 
amount withheld until the candidate is certified as 
a participating candidate with respect to that next 
election cycle. If the candidate fails to seek certifi-
cation as a participating candidate prior to the last 
day of the Small Dollar Democracy qualifying period 
for the next election cycle (as described in section 
511), or if the Commission notifies the candidate of 
the Commission’s determination does not meet the 
requirements for certification as a participating can-
didate with respect to such cycle, the candidate shall 
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immediately remit to the Commission the amount 
withheld. 
‘‘(b) EXCEPTION FOR EXPENSES INCURRED AS A RE-
SULT OF CONTESTED ELECTION.— 
‘‘(1) IN GENERAL.—A candidate may withhold 
from the amount required to be remitted under sub-
section (a) the amount of any authorized expendi-
tures which were incurred as the result of a legal 
challenge to the results of the election, except that 
any amount withheld pursuant to this paragraph 
shall be remitted to the Commission 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—Enhanced Match 
Support 
‘‘SEC. 531. ENHANCED SUPPORT FOR GENERAL ELECTION. 
‘‘(a) AVAILABILITY
OF ENHANCED SUPPORT.—In 
addition to the payments made under subtitle A, the Com-
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mission shall make an additional payment to an eligible 
candidate under this subtitle. 
‘‘(b) USE OF FUNDS.—A candidate shall use the ad-
ditional payment under this subtitle only for authorized 
expenditures in connection with the election involved. 
‘‘SEC. 532. ELIGIBILITY. 
‘‘(a) IN GENERAL.—A candidate is eligible to receive 
an additional payment under this subtitle if the candidate 
meets each of the following requirements: 
‘‘(1) The candidate is on the ballot for the gen-
eral election for the office the candidate seeks. 
‘‘(2) The candidate is certified as a partici-
pating candidate under this title with respect to the 
election. 
‘‘(3) During the enhanced support qualifying 
period, the candidate receives qualified small dollar 
contributions in a total amount of not less than 
$50,000. 
‘‘(4) During the enhanced support qualifying 
period, the candidate submits to the Commission a 
request for the payment which includes— 
‘‘(A) a statement of the number and 
amount of qualified small dollar contributions 
received by the candidate during the enhanced 
support qualifying period; 
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‘‘(B) a statement of the amount of the 
payment the candidate anticipates receiving 
with respect to the request; and 
‘‘(C) such other information and assur-
ances as the Commission may require. 
‘‘(5) After submitting a request for the addi-
tional payment under paragraph (4), the candidate 
does not submit any other application for an addi-
tional payment under this subtitle. 
‘‘(b) ENHANCED SUPPORT QUALIFYING PERIOD DE-
SCRIBED.—In this subtitle, the term ‘enhanced support 
qualifying period’ means, with respect to a general elec-
tion, the period which begins 60 days before the date of 
the election and ends 14 days before the date of the elec-
tion. 
‘‘SEC. 533. AMOUNT. 
‘‘(a) IN GENERAL.—Subject to subsection (b), the 
amount of the additional payment made to an eligible can-
didate under this subtitle shall be an amount equal to 50 
percent of— 
‘‘(1) the amount of the payment made to the 
candidate under section 501(b) with respect to the 
qualified small dollar contributions which are re-
ceived by the candidate during the enhanced support 
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qualifying period (as included in the request sub-
mitted by the candidate under section 532(a)(4)); or 
‘‘(2) in the case of a candidate who is not eligi-
ble to receive a payment under section 501(b) with 
respect to such qualified small dollar contributions 
because the candidate has reached the limit on the 
aggregate amount of payments under subtitle A for 
the election cycle under section 501(c), the amount 
of the payment which would have been made to the 
candidate under section 501(b) with respect to such 
qualified small dollar contributions if the candidate 
had not reached such limit. 
‘‘(b) LIMIT.—The amount of the additional payment 
determined under subsection (a) with respect to a can-
didate may not exceed $500,000. 
‘‘(c) NO
EFFECT
ON
AGGREGATE
LIMIT.—The 
amount of the additional payment made to a candidate 
under this subtitle shall not be included in determining 
the aggregate amount of payments made to a participating 
candidate with respect to an election cycle under section 
501(c). 
‘‘SEC. 534. WAIVER OF AUTHORITY TO RETAIN PORTION OF 
UNSPENT FUNDS AFTER ELECTION. 
‘‘Notwithstanding section 524(a)(2), a candidate who 
receives an additional payment under this subtitle with re-
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spect to an election is not permitted to withhold any por-
tion from the amount of unspent funds the candidate is 
required to remit to the Commission under section 
524(a)(1). 
‘‘Subtitle E—Administrative 
Provisions 
‘‘SEC. 541. FREEDOM FROM INFLUENCE FUND. 
‘‘(a) ESTABLISHMENT.—There is established in the 
Treasury a fund to be known as the ‘Freedom From Influ-
ence 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) VOLUNTARY CONTRIBUTIONS.—Voluntary 
contributions to the Fund, including contributions 
made pursuant to section 6098 of the Internal Rev-
enue Code of 1986. 
‘‘(3) OTHER
DEPOSITS.—Amounts deposited 
into the Fund under— 
‘‘(A) section 521(c) (relating to exceptions 
to contribution requirements); 
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‘‘(B) section 523 (relating to remittance of 
unused payments from the Fund); 
‘‘(C) section 544 (relating to violations); 
and 
‘‘(D) any other section of this Act. 
‘‘(4) 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. 
‘‘(d) USE OF FUND.— 
‘‘(1) IN GENERAL.—Amounts in the Fund shall 
be available without further appropriation or fiscal 
year limitation to make payments to participating 
candidates as provided in this title. 
‘‘(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. 542. GOVERNMENT BY THE PEOPLE OVERSIGHT COM-
MISSION. 
‘‘(a) ESTABLISHMENT.—There is established within 
the Federal Election Commission an entity to be known 
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as the ‘Government by the People Oversight Commission’ 
(in this title referred to as the ‘Oversight Commission’). 
‘‘(b) STRUCTURE AND MEMBERSHIP.— 
‘‘(1) IN GENERAL.—The Oversight Commission 
shall be composed of 5 members appointed by the 
President with the advice and consent of the Senate, 
of whom— 
‘‘(A) 2 shall be appointed after consulta-
tion with the Majority Leader of the House of 
Representatives; 
‘‘(B) 2 shall be appointed after consulta-
tion with the Minority Leader of the House of 
Representatives; and 
‘‘(C) 1 shall be appointed upon the rec-
ommendation of the members appointed under 
subparagraphs (A) and (B). 
‘‘(2) QUALIFICATIONS.— 
‘‘(A) IN GENERAL.—The members shall be 
individuals who by reason of their education, 
experience, and attainments, are exceptionally 
qualified to perform the duties of members of 
the Oversight Commission. 
‘‘(B) PROHIBITION.—No individual may be 
appointed to the Oversight Commission who 
is— 
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‘‘(i) an employee of the Federal Gov-
ernment; 
‘‘(ii) a registered lobbyist or an indi-
vidual who was a registered lobbyist at any 
time during the 2-year period preceding 
appointment to the Oversight Commission; 
or 
‘‘(iii) an officer or employee of a polit-
ical party or political campaign. 
‘‘(3) DATE.—Members of the Oversight Com-
mission shall be appointed not later than 60 days 
after the date of the enactment of this Act. 
‘‘(4) TERMS.—A member of the Oversight Com-
mission shall be appointed for a term of 5 years. 
‘‘(5) VACANCIES.—A vacancy on the Oversight 
Commission shall be filled not later than 30 calendar 
days after the date on which the Oversight Commis-
sion is given notice of the vacancy, in the same man-
ner as the original appointment. The individual ap-
pointed to fill the vacancy shall serve only for the 
unexpired portion of the term for which the individ-
ual’s predecessor was appointed. 
‘‘(6) CHAIRPERSON.—The Oversight Commis-
sion shall designate a Chairperson from among the 
members of the Board. 
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‘‘(c) DUTIES AND POWERS.— 
‘‘(1) ADMINISTRATION.—The Oversight Com-
mission shall have such duties and powers as the 
Commission may prescribe, including the power to 
administer the provisions of this title. 
‘‘(2) REVIEW OF SMALL DOLLAR FINANCING.— 
‘‘(A) IN GENERAL.—After each regularly 
scheduled general election for Federal office, 
the Oversight Commission shall conduct a com-
prehensive review of the Small Dollar financing 
program under this title, including— 
‘‘(i) the maximum and minimum dol-
lar amounts of qualified small dollar con-
tributions under section 504; 
‘‘(ii) the number and value of quali-
fied small dollar contributions a candidate 
is required to obtain under section 512(a) 
to be eligible for certification as a partici-
pating candidate; 
‘‘(iii) the maximum amount of pay-
ments a candidate may receive under this 
title; 
‘‘(iv) the overall satisfaction of partici-
pating candidates and the American public 
with the program; and 
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