Presidential Funding Act of 2007

Summary

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). Amends the Agricultural Trade Act of 1978 to reduce funding for the market access program by $100 million in FY2007.

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

Timeline

1. 30 January 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 30 January 2007

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1348-1351)

   Source: IntroReferral

3. 30 January 2007

   Introduced

   Sponsor introductory remarks on measure. (CR S1346-1348)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 30 January 2007 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 January 2007

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 January 2007

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 30 January 2007

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Feingold, Russell D. [D-WI] · D · Sponsor
• Sen. Obama, Barack [D-IL] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Presidential Funding Act of 2007
• related to → Presidential Funding Act of 2007
• related to ← Presidential Funding Act of 2007