Public Financing of Senate Elections Act

Summary

Public Financing of Senate Elections Act - Amends the Federal Election Campaign Act of 1971 to entitle candidates for the United States Senate, who agree to comply with certain recordkeeping requirements and spending limits, to payments in accordance with the terms of this Act. Conditions eligibility for funds with respect to primary and general elections upon receipt of contributions in specified minimum amounts. Sets forth formulas for the determination of the amount of money to which a candidate is entitled. Specifies maximum amounts which a candidate may expend in connection with primary and general elections and remain eligible for funds. Specifies a limit on the amount of personal and family funds a candidate may use. Provides for adjustments in spending limits on the basis of changes in prices. Directs the Secretary of the Treasury to maintain a separate Senate Campaign Account in the Presidential Election Campaign Fund and to deposit in such account amounts available in the Fund after a determination that adequate sums are available for payments under the Presidential Election Campaign Fund Act. Sets forth guidelines for reducing payments under this Act if available funds are inadequate. Requires repayment of funds paid in excess of entitlement or used for other than campaign purposes. Requires candidates for the Senate who do not receive funds under this Act to report to the Federal Election Commission within 48 hours of spending or incurring obligations to spend a total sum in excess of the limit which would apply if the candidate had been receiving funds.

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Documents

2 official files

• Passed Senate amended

  summary · EN · 3 August 1977

  Open at official source

• Introduced in Senate

  summary · EN · 7 March 1977

  Open at official source

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