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co.mments
Presidential Funding Act of 2007
To amend the Internal Revenue Code of 1986 to reform the system of public financing for Presidential elections, and for other purposes.
previous 110th session of congress Other Bill Titles (2 more) 1/31/2007--Introduced.
Presidential Funding Act of 2007 - Amends Internal Revenue Code provisions relating to public financing of presidential election campaigns to:
(1) quadruple (1:1 to 4:1) the matching rate for contributions to primary election candidates;
(2) lower from $250 to $200 the limit on individual campaign contributions;
(3) increase the presidential primary qualifying threshold from $5,000 to $25,000 in 20 states;
(4) require presidential candidates to participate in the primary payment system to be eligible for general election payments;
(5) move the starting date for payments to primary candidates from January 1 of a presidential election year to six months before the earliest state primary election;
(6) allow additional payments and increased expenditure limits for candidates who face opponents who do not participate in public financing and who raise more than 20% of applicable spending limits;
(7) designate the last Friday before the first Monday in September as the date for payments to eligible presidential candidates; and
(8) increase from $3 to $10 the presidential campaign tax return check-off amount.
Amends the Federal Election Campaign Act of 1971 to:
(1) increase expenditure limits for presidential primary campaigns and eliminate state primary spending limits;
(2) limit political party general election campaign expenditures to $25 million, with an additional $25 million allowance after the party's candidate is nominated;
(3) prohibit political parties from spending unregulated funds (soft money) on their national conventions; and
(4) require presidential campaign committees to disclose information about bundled contributions (series of contributions aggregating more than $10,000).
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Amendments
This bill has no amendments.
Bill Status
| Introduced |  | Voted on by House | | Voted on by Senate | | Considered By President | | Bill Becomes Law |
| January 31, 2007 |
In the News
March 08, 2007 Reform Groups Call on Presidential Candidates to Make Commitment ...
... agree to co-sponsor the legislation to fix the presidential public financing system, if they are in the Senate (S. 436) or the House (HR 776), or, ...
March 02, 2007 Why Do Evangelicals Ignore Ron Paul?
Had it passed, HR 776 would have recognized the personhood of all unborn babies by declaring, "human life shall be deemed to exist from conception. ...
February 27, 2007 Why do Evangelicals ignore Ron Paul?
Had it passed, HR 776 would have recognized the personhood of all unborn babies by declaring, "human life shall be deemed to exist from conception. ...
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December 31, 2008 All Things Reform: Join Social Actions contest to create an ...
... H.R.5351 (1); H.R.5602 (1); H.R.5811 (2); H.R.776 (1); H.R.985 (1); H.Res.333 (1); H.Res.504 (1); H.Res.786 (1); habeas corpus (1); hans a von spakovsky (1); HAPA (1); Hardrock Mining and Reclamation Act (1); harry reid (2) ...
Source: All Things Reform
December 19, 2008 Right To Life Act of South Carolina: REPENTANCE FOR AMERICAâS ...
HR 776 (Sanctity of Life Act of 2005) and HR 552 (... ⺠July (4). US House limits jurisdiction of Federal Courts reg... Anti-abortion constitutional amendment petition fa... National Right To Life: The Judas Of The Preborn ...
December 06, 2008 All Things Reform: Add your name to our Followers widget!
... H.R.5351 (1); H.R.5602 (1); H.R.5811 (2); H.R.776 (1); H.R.985 (1); H.Res.333 (1); H.Res.504 (1); H.Res.786 (1); habeas corpus (1); hans a von spakovsky (1); HAPA (1); Hardrock Mining and Reclamation Act (1); harry reid (2) ...
Source: All Things Reform
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