To amend the Federal Election Campaign Act of 1971 to limit the influence of nonparty multicandidate political committees in elections for Federal office, to amend the Internal Revenue Code of 1986 to provide for an income tax credit for contributions to candidates for the House of Representatives, and for other purposes.

Summary

Amends the Federal Election Campaign Act of 1971 to decrease the limitation on contributions to candidates for Federal office by a multicandidate political committee (PAC). Prohibits a nonparty committee from acting as an intermediary or conduit (to facilitate bundling) with respect to such contributions. Prohibits a candidate for Federal office from establishing, maintaining, financing, or controlling a political committee (leadership committee) other than the principal campaign committee. Amends the Internal Revenue Code to allow a tax credit for congressional campaign contributions to candidates for the House of Representatives. Amends the Internal Revenue Code to repeal the minimum tax deduction based on intangible drilling cost preferences.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 5 January 1993

   Introduced

   Referred to the House Committee on House Administration.

   Source: IntroReferral

2. 5 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 January 1993 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 January 1993

  Open at official source

Sponsors

• Rep. Snowe, Olympia J. [R-ME-2] · R · Sponsor
• · hswm00 · Standing
• · hsha00 · Standing

Related records

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