A bill to amend the Internal Revenue Code of 1986 with respect to the public financing of Presidential elections campaigns.

Summary

Amends the Internal Revenue Code to increase the amount which individuals may contribute to the Presidential Election Campaign Fund (from $1 to $2.50) and indexes such amount for inflation. Authorizes to be appropriated to such Fund, as repayable advances, in the amount of any insufficiency for payments to eligible candidates. (Currently, payments are made on a pro rata share when amounts are insufficient.) Declares that a qualified campaign expense includes the cost of media advertising to the extent to which candidates present their own program, opinions, and qualifications.

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Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 April 1991

  Open at official source

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